The beginning of the growth XLM. Two scenarios.

Hello, gentlemen.

Against the background of relatively expensive bitcoin, the altcoins market began a significant recovery. First of all, the growth of those coins that belong to the working projects began. Now, for example, we are seeing a big recovery on the currency pair Steem/BTC. Next in the XLM/BTC queue. Consider this pair.

"Binance", timeframe 12 hours.

Lines (1, 2) - the main support and resistance lines.

At the moment, nothing prevents the price increase. The only resistance may be large orders, which will certainly be placed at 0.0000255= / - BTC. The breakdown of this line will depend entirely on bitcoin. If at the time of the breakdown the BTC price does not begin to fall, then after a rebound from this line, the XLM price will again begin to grow, most likely quickly.

If during the breakout, the BTC price will start moving down, then XLM will not grow after the rebound and will continue to move sideways within the narrowing corridor between the lines (1) and the red resistance line.

But I think that line break 0.0000255 will take place and the coin will start to grow. Above the resistance line (2), the price will not rise, but the nearest strong resistance after the breakdown will appear in the area of 0.0000303 BTC. Maybe a little earlier.

This likely XLM growth will be absolutely speculative. Traders want to earn more bitcoins to immediately sell them for dollars while the BTC price is high enough.

Good luck!

The @upvoteinvest team

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