Altcoins

Stellar Lumens $XLM Price Outlook: Neutral to Slightly Bullish

@KittyBitcoin logo
December 16 2018 15:53 UTC

 

Stellar Lumens has gained 2.83% or 0.00266 USDT 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 .09651 USDT. In Binance light to moderate volume trading the daily change is 2.83%, or 0.00266 USDT:
$XLM Price Change
period % USDT
24 hours 2.83 0.00266
7 days -20.29 -0.02457
1 month -60.05 -0.14508

News

Trend

trend is DOWN

The Stellar Lumens weekly trend is down. Twenty-three hours ago $XLM bottomed out at $0.09175. This is the daily and yearly low. Three hours ago Stellar Lumens reached today’s high of $0.10008 USDT. Since then its been seen cycling back down. This microscopic view is contained within the overall down trend in place since the week of November 18 2018, when $XLM crashed from its previous monthly to bi-monthly cyclical pattern – pulled down by bitcoin.

[Trend is "down" when the weekly price movement is predominantly downwards.]

Real Time Market Depth

The real time market depth is sideways.

 

[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]

Chart

Tap / click to zoom:

xlm-usdt-binance-one-hour-candles-2018-12-16

 

Remarks

The price is at a yearly low. From here on down it could be a slippery slope with historical support (CoinMarketCap) in November of 2017 between six and seven cents. Fortunately the price has a neutral to slightly bullish outlook. Watch the bitcoin price closely as $BTC is likely to be a major determinant of the $XLM price today.

 

Technicals

Moving Average Convergence Divergence (MACD)

The MACD on the one hour chart is bullish.

[MACD is a trend-following momentum indicator]

 

Exponential Moving Averages (EMA)

period average
7 day .0972
25 day .0969
99 day .1016

On the one hour chart the short term EMA is riding above the medium term EMA and has done so for over fourteen hours. Historically in the first half of November $XLM performed well above this line. This has not been the case since. The EMA data suggests the micro term price (within the day) will fall.

[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 chart is 51.9. This is a neutral state.

The one, two, four and six hour charts are all in neutral territory, having recently risen from the oversold state reflected on the twelve hour chart.

[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 1.43%. 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

neutral to bullish

  • the Stellar Lumens $XLM price outlook is neutral to slightly bullish
  • if the price finds acceptance at higher levels the immediate resistance prints at .10088
  • if the price finds acceptance at lower levels the immediate support prints at .09175
Resistance levels: .10088 .1036 .1106 .12245

Support levels: .09175 .0906 .0740 .0672

 

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

KittyBitcoin logo

@KittyBitcoin has provided timely and informative blockchain intelligence since 2014. Request your custom content today, browse @KittyBitcoin on Twitter® or visit the KittyBitcoin.com website.

Thanks for reading 🙂
KittyBitcoin supplies blockchain intelligence on industry leading websites since 2014.
Free AllCoinsNews Email Updates
Get the latest cryptotoken market news and blockchain developments!
We respect your privacy.