By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, November 5th, the XLM keeps growing, trading at $0.0811. Looking at the XLM tech analysis data, in the long run, we will see the cryptocurrency still on its peak. However, on H4 there is an uptrend developing after a convergence on the MACD. For now, this growth should be understood as a correction in a descending phase. The aim of the correction is at the resistance level of the main channel — $0.1075. Further growth is also confirmed by a breakaway of the upper border of the short-term channel, which means
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Cryptocurrency markets are resembling the stock market these days. Trading sideways all through last week and this weekend. Let’s take a look at Bitcoin Cash, Stellar and LTC and see if their charts tell us what’s to come ahead. Bitcoin Cash Price Analysis (BCH/USD) The fifth-ranked cryptocurrency has today faced a mixed reaction that formed a sideways trend. Besides, the pair’s price volatility was very low that stood the current price at $221.9, having escalated it from where it opened the session at $222.1. That showed a slight drop of 0.09% over the last24hrs. The horizontal movement defined vital resistance 
As Monday comes to an end, cryptocurrency markets continue to trade sideways. Bitcoin has recently dropped slightly, meaning we could see some bearish pressure in the coming hours. Let’s take a look at some of our favorite cryptocurrencies and see what the charts have in store. Stellar Price Analysis (XLM/USD) The XLM/USD pair began the session recording a downside correction above the critical support level $0.0581. An upside rally later followed that pushed the price to test near $0.0589 resistance level. Conversely, the pair’s price is expected to end the session with a positive note as the short-term SMA that 
Not a great day today for cryptocurrency as most markets are seeing a slight decline. That’s only to be expected as we’re at the end of the week. Let’s take a look at some of our favorite cryptocurrencies and see if the charts tell us anything. Stellar Price Analysis (XLM/USD) On the intraday chart, XLM/USD pair has exhibited a tremendous fall below $0.06169. The price, however, managed to find support below the critical support level near $0.060032 (S). That holds well against the selling pressure. The dip was followed by a medium-term period of consolidation between $0.060032 and $0.060763 levels 
Stellar Price Analysis (XLM/USD) On an intraday chart, stellar has recorded a strong selling pressure that has led to a dip in the volatility level. XLM/USD pair began the sell-off yesterday trading at $0.0717 that was followed by a steep fall that fluctuated the price down to closed at $0.0680 where it later tested the support level near $0.0682. The bulls tried and recovered some momentum afterward and exhibiting a cumulated hike up to a high of $0.0725 that tested the significant resistance level at $0.0719. However, sellers rejected the price suggested by the buyers and dropped the price where 
Monero Price Analysis (XMR/USD) On an intraday chart, XMR/USD has experienced significant loss over the last 24hrs. The bearish pressure was bolstered by the 21 day moving average that strongly traded above the 7 day moving average throughout the intraday. XMR has down surged by 6.6%, having begun trading yesterday at $90.65. It is now changing hands at $84.64 signaling a bearish sign. The Relative Strength Index indicator has shown a decrease in investor’s sentiments since it was seen hovering below level 30 most of the times, which is marked as an oversold market territory. However, the RSI indicator later 
Stellar Price Prediction (XLM/USD) XLM/USD pair underperforms on an intraday chart; the stellar coin oversaw a bearish momentum that most likely gained support from the 21 day MA that crossed above the 7 day MA. The downward price rally signaled decrease in investor’s sentiments. The pair’s price has recorded a down surge of 1.17%, having moved from where it began the session trading at $0.08225 that later dipped massively to a low of $0.07969. This was followed by a short-term period of consolidation near the critical support level $0.080503 that then recovered slightly and placed XLM to the current price 
A recently published document reveals that the U.S. Securities and Exchange Commission (SEC) has plans to hire contractors to run specific cryptocurrency full nodes for the government agency. According to the SEC documentation, the regulator wants third-party contractors to run nodes for Bitcoin Core (BTC), Ripple (XRP) and Ethereum (ETH) in order to monitor compliance […]
Stellar Price Analysis (XLM/USD) Over the past 24hrs XLM/USD pair has recorded a massive downward pressure. The bear market rally seemed to have been supported by the 21 day MA that was seen most of the time gravitating above the 7 day MA. The RSI indicator was also seen below level 50 that signals a strong increase in sellouts. In addition, the RSI indicator was almost encountered below level 30 at several instances that indicated oversold market condition. Presence of a four-price Doji was also seen severally that showed that XLM market dealt with small number of transactions at that