Connect with us


Stellar (XLM) Litecoin (LTC) Price Analysis: The Rhythm of the Bear




Support levels can be extremely important. They are essential when they hold, but they are almost more important when they don’t. As we take a look at Stellar (XLM) and Litecoin (LTC), you will note this idea very much in effect on these charts.

Stellar (XLM)

Price Analysis

  • High: $0.20351
  • Low: $0.19719
  • 24-Hour Volume: $66.95M
  • 7-day Percent Change: -26.11%

Chart courtesy of

Stellar (XLM) had been a clear outperformer during the July bounce that took hold in the cryptocurrency complex and drove several coins up to test their 200-day simple moving averages.

Hence, we expected to see Stellar (XLM) show some kind of allegiance to its rising 50-day simple moving average as support, especially since it came in confluence with a prior range high price level support.

That type of combination is often hard to break, mainly when you see it in a relative strength market. However, in this case, it doesn’t appear to have been difficult to break at all.

Stellar (XLM) just sliced right down through it.

We are now seeing this chart nearing a test of critical support, and opening up the potential for another bearish technical breakdown if that support doesn’t hold as well. The key levels to watch at this point are lined up at $0.20, $0.18, and $0.17.

Litecoin (LTC)

Price Analysis

  • High: $64.223
  • Low: $60.433
  • 24-Hour Volume: $308.51M
  • 7-day Percent Change: -18.61%

Chart courtesy of

It has been a very rough ride for Litecoin (LTC) over recent days, but there aren’t too many coins for which one can’t make the very same statement.

Litecoin (LTC) broke lower along with everything else last week after finding strong resistance at a sharply declining 50-day simple moving average. That sparked a break under the $80 level, which also represented a sloped support level, and then the waterfall decline began from there.

At this point, the downside that we’ve seen over the last 48 hours is starting to become persistent and dramatic enough that the one bullish factor this chart had in its favor is beginning to melt away: the bullish divergence found on the 14-day RSI measure when compared with the pivot low scored on the charts in late June.

If momentum persists, look for the next major challenge to be at support at the $55 level.

That said, LTC is perhaps at a more advanced point in the rhythm of the bearish trend and may unleash a vicious bounce if the pool of weak-handed HODLers has already run dry.

Happy Trading~

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Charts courtesy of


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

Continue Reading


Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

Continue Reading


XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

Continue Reading