Stellar Lumens (XLM) Price Analysis: XLM/USD bulls searching for new 2019 high

Stellar bulls are driving the price towards new 2019 highs, if upside momentum is sustained.
Coinbase Pro recently announced their support of Stellar Lumens (XLM) to their platform.

Ken Chigbo Independent Analyst

Stellar price on Thursday is trading up with minor gains of some 0.30%, as the bulls continue the strong upside momentum. XLM/USD is running at its eighth consecutive session in the green, cementing a decent recovery.

Late last night, Coinbase Pro announced their support for Stellar Lumens. Deposits are currently being accepted of XLM, with full trading support coming into place on there is sufficient liquidity is. The process is expected take around 12 hours, according to a blog post.

XLM/USD technically, is subject to a greater wave of buying pressure, should the bulls manage to breakdown the near-term barrier. This can be observed tracking from $0.1110 up to $0.11150 range, a push north here will see a potential retest of the December 2018 bull run high, $0.1400 territory.

Author

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

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