Stellar Was the Only Top 10 Crypto to see Gains on Tuesday [Video]
|On a day that all top 10 cryptocurrencies were down, one altcoin saw a stellar 6% gain. And that is no other than Stellar Lumens or XLM. XLM/USD has been supported by the 78% Fibonacci retracement level of 0.32. While it remains below the daily Ichimoku cloud, it appears to be gradually making its way back up to the pivot point of 0.46. The Chiko span is also moving away from the delayed cloud, moving up. On a less bullish note, the future cloud is moving downwards, and so are the Tenkan and Kijun lines. With this, we could expect the period of consolidation to continue a bit longer between the two Fibonacci levels. The key resistance is set at 50% Fibonacci level of 0.55. Stellar is gaining more popularity among the crypto crowd because its blockchain performs fast transactions, and allows for the rapid exchange of fiat currencies such as GBP and USD. Not only that, Stellar lumens cover the conversion fee. Its recent partnerships with IBM and Deloitte also adds to the company’s credibility in the space. Stellar is currently the 7th largest crypto by market cap, trailing behind Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, and Litecoin. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.
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