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Monday, June 15, 2020

XLM (Stellar Lumens) Falling After Run Up

A Stellar Lumens Price Forecast For 2019 | Investing Haven

Stellar Lumens (XLM) has seen a great run up the last few weeks yet is caught up in the sell off this morning and the currency has fallen into a decending channel that very well takes it clear south through support levels all the way down in the .06 range.

XLM 50 day average sits right at .71 and appears as though XLM will smash through it in early Monday morning trading after the top tier cryptos declined significantly in futures.

A decline falling through .68 will create further selling down to the .63 level where traders may accumulate once again to stem the tide of the decline however if that does not materialize look for XLM to collapse into the .05 range for the first time in over a month.

XLM/USD daily chart. Source: Tradingview

XLM is a CryptoMastermind favorite.

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