When's The Best Time To Buy Stellar Lumens, XLM?

Being one of Ripple’s (XRP-X) key competitors, Stellar is also seeing stellar support from crypto experts. When is the best time to buy Stellar Lumens, XLM?

XLM/BTC Technical Analysis

Looking at the XLM-X / BITCOMP’s daily chart, you’d notice that the pair has been mainly ranging in the past year, bouncing up and down between key pivot levels 0.000040 and 0.000028. In the past few days, it’s been testing the lower levels once again, with no luck in breaking below it. If history is to repeat itself, we could indeed see a bounce back up towards 0.000040.

Stellar Lumens - XLM/BTC Technical Analysis

However, if the pair succeeds in breaking the lower pivot level, that could open doors for further drops towards the key support and lows of March 2018, at 0.000021, which could be an even better buying opportunity. Keep in mind that the pair also has a thick Ichimoku cloud acting as strong resistance.

Disclaimer: Now I’d like to hear from you. What are your thoughts on Nano, which currently ranks 36 in terms of market cap? Do you think it can ever make it to top 10?  Let me know in the ...

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