Stellar Lumens was spotted at some astounding high in 2019. The currency is likely to outperform in 2020 as compared to its momentum in 2019.
The currency would improve its momentum and might likely to be more stable. For intraday trading, the coin is exhibiting volatile phase. However, the possibility of upsurge is still tight.
Stellar Price Analysis
XLM coin started dealing at $0.0455 yesterday. The price jumped to $0.0458 by a marginal hike. After that, the price of Stellar cryptocurrency slipped to $0.0454 by 0.79% and then again dropped to $0.044 by 1.59%. The upsurge took the XLM price to $0.0452 by 1.15%. The closing hours brought the coin to $0.0451 from $0.0452 by 0.25%. The intraday movement in Stellar coin brought 0.94% profit. Today, XLM price dropped to $0.0450 and then, it jumped to $0.0454 by 0.91%. After the minor hike, the price dropped to $0.0449.
Presently, the Stellar price is dealing at $0.0450. The currency is speculated to cross its immediate resistance level at $0.0464 in some time. Intraday traders are likely to gain profit. XLM is best suited for short-term trading to gain a considerable return. The same would bring the desired return to traders.