Litecoin [LTC] and Stellar Lumens [XLM] breach major support levels, Tether [USDT] unscathed by crypto market crash: Technical analyses and Latest Updates
Tether [USDT] seems unaffected by the recent crypto market bear run. Litecoin [LTC] and Stellar Lumens [XLM] is falling under the pressure of a crashing crypto market.
Litecoin dropped to a new low in the strong bearish market. The coin which registered an intraday high of $74.930 is currently trading at $61.914. It has fallen around 7.52% over the past 24 hours. The prices have broken out from all support levels and are trading below the local support level found at $65. MACD signifies a bearish momentum and the 100 EMA line represents a downtrend.
Litecoin latest Updates
In a recent study by eToro, Mati Greenspan – a senior market analyst – stated that Litecoin [LTC] is not aiming to dethrone Bitcoin [BTC]. Rather, the coin plays a supportive role to Bitcoin, like silver does to gold.
XLM prices have broken out from all support levels and are far away from touching its key resistance level traced at $0.26. The coin is currently trading at $0.2016 and is losing against USD by 0.0250%. MACD signifies a bearish zone and the 100 EMA line denotes a downtrend.
Stellar Lumens Latest Updates
Celsius network, a community-based P2P startup is planning to provide access to borrowing and selling of ICO’s rolling out on the Stellar Blockchain.
Tether doesn’t seem to be affected by the crypto market crash. The coin is currently trading at $1.00064 and is dipping against USD by 0.0003%. The significant trading range for the coin is from $0.9994 to $1.0006.
- FBI director revealed the truth about the ongoing Bitcoin manipulation linked to Tether. According to Freeh’s report, Tether holds the balance it claims to hold. "On June 1, without Tether or its two banks knowing the selected date ahead of time, FSS performed an “account snapshot” and found that Tether held a total of $2.545 billion, which indeed covered the 2.538 billion USDT coins in circulation at the time, plus a cushion of about $7 million," Yahoo Finance reported.
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