Altcoins

Stellar Lumens $XLM Price Outlook: Bullish

@KittyBitcoin logo
December 09 2018 20:19 UTC
Stellar Lumens has gained 4.75% or $0.00563 in twenty-four hours. In this Sunday Edition find $XLM price action, trend, technicals and more. Or jump right to the Stellar Lumens $XLM Price Outlook.

 

Price Action

The price of $XLM has risen over twenty-four hours. The last price at press time is $0.12412. In Binance light volume trading the daily change is 4.75%, or $0.00563:
$XLM Price Change
period % $
24 hours 4.75 $0.00563
7 days -22.94 $-0.03695
1 month -51.95 $-0.13419

Trend

trend is MIXED

The Stellar Lumens weekly trend is mixed. We saw a strong weekly downtrend terminated by the last two days of a bullish bitcoin market. This precipitated the reversal of the short term fortunes of most altcoins. Instead of a downtrend, we’re now looking at a ‘mixed’ trend.

[Trend is "mixed" when the weekly contains both green and red daily price candles, price movement up or down is significant, and there is no clear weekly price direction.]

Chart

Tap / click to zoom:

http://localhost/KittyBitcoin.com/technical-analysis/charts/chart-xlm-usdt-1hour-candles-2018-12-09.png

chart-xlm-usdt-1hour-candles-2018-12-09

Remarks

Bitcoin is up 5.78% over twenty-four hours and this has pulled most altcoins up, including Stellar Lumens.

 

Technicals

Moving Average Convergence Divergence (MACD)

The MACD on the thirty minute chart is strongly bullish.

[MACD is a trend-following momentum indicator]

Exponential Moving Averages (EMA)

period average
7 day $0.12225
25 day $0.11899
99 day $0.12311

The short term EMA (one hour chart) has crossed above the medium term EMA and is now poised to also cross the long term EMA, headed north. This is a highly bullish state.

[EMA is a type of moving average that weights recent price fluctuations more, yielding a better short term signal]

Relative Strength Index (RSI)

The Relative Strength Index on the one hour chart is 53.2. This is a neutral state.

[RSI is is a momentum indicator that measures the magnitude of recent price fluctuations to determine an overbought or oversold state]

Bitcoin Price Modifier

The 24 hour Bitcoin change is 5.78%. This may exert a bullish influence on Stellar Lumens today.

[The bitcoin price modifier reflects the historical correlation between the price of $BTC and altcoins]

Stellar Lumens $XLM Price Outlook

bullish

  • the Stellar Lumens $XLM price outlook is bullish
  • if the price finds acceptance at higher levels the immediate resistance prints at 0.12600
  • if the price finds acceptance at lower levels the immediate support prints at 0.12291

 

Resistance levels: 0.12600 0.12800 0.13896 0.14600

Support levels: 0.12291 0.11423 0.11080

 

Invalidation: This outlook is no longer valid if the asset has performed outside of its resistance or support levels, or outside of its short term analysis period.

 

Disclosure

The author does not hold Stellar Lumens $XLM at the time of writing.

About @KittyBitcoin

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