Cryptocurrencies Price Prediction: Chiliz, Stellar Lumens & Litecoin — Asian Wrap 15 June
|Chiliz price excitement fades as CHZ hodlers show zero conviction
Chiliz price climbed just over 70% from the June 9 low to the May 11 high in the run-up to the kick-off of the European Cup, one of the premier soccer events in the world. The notable rally did capture the attention of the cryptocurrency markets and the CHZ faithful, but it has since stumbled lower. Currently, a trifecta of resistance and a lack of hodler conviction amps the skepticism over a bullish outlook for the sports & entertainment token.
XLM Price Forecast: Stellar may be on the brink of a 50% collapse
XLM price has been propped up by the symmetrical triangle’s lower trend line and 61.8% Fibonacci retracement level of the March 2020-May 2021 rally. However, the resulting rebound has been limited, unaffected by the Bitcoin burst higher since the El Salvador announcement to make BTC legal tender. Without a daily close above the 200-day SMA at $0.379, the cryptocurrency price path will be carrying a downward bias.
Litecoin price resistance at $186 dictates the future of an LTC rebound
Litecoin price action has been dull since the May 23 low as the area around the 200-day SMA has been a tremendous influence. Unless LTC overcomes the significant resistance constructed by the moving average and the symmetrical triangle’s upper trend line, the digital asset outlook will remain neutral with a bearish bias.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.