Market shed away $18 billion in 4 days and we are back at square one which seems to be the $200 billion market cap. Most of the coins mirror each other both in increases and declines of prices. The only one which tends to make independent jumps and dives is XRP, probably because the Ripple company has the largest budget for marketing and is constantly in the news with more or less significant partnerships and updates.
Let’s see the outlook for these 3 coins in the short-term analysis from couple of traders from tradingview.com.
Stellar Lumens – XLM
Stellar generated a lot of buzz with the release of StellarX, a GUI that enables interaction with DEXs. The news was met with lots of approval across the whole community and it especially heated the hopes for XLM holders. However, those were in vain, as the XLM price left stuck in the channel it was the whole year.
Litecoin – LTC
Ripple – XRP
Swell conference was hyped to the skies and it partially delivered on its promises. Aside of the former president’s blather, there was actual substance presented on the conference – mostly the xRapid going live and 3 banks taking it for a spin. The price jumped up and down but when the dust settles, XRP keeps landing at the same spot it started off from. But for short-term, day traders – XRP is surely one of the top choices in this prolonged, boring bear market.
– From there we could have consolidation -> continuation to the upside if buyers are able to maintain control.
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