LukkVal

XLM: A Cryptocurrency in search of a bullish trend

Long
LukkVal Updated   
The Stellar Lumen XLM is a very intriguing cryptocurrency. Last week, it announced a collaboration with flutterwave. In the last few weeks, it appears to be waking up; it is not currently in the limelight, but it is quickly approaching the resistance level at 0.40, which might lead to an upside breakout.

In my opinion, it has limitless potential owing to its high speed and low cost. XLM's price is significantly lower than that of other options with a much higher market capitalization.

XLM certainly suffered market jitters after the SEC's intervention on Ripple, but its fate is quite different.

XLM is a non-profit organization that has important partners such as IBM and will be utilized to facilitate micro payments between Europe and Africa at very low rates. That's why Flutterwave was chosen.

Flutterwave is a Bay Area-based fintech firm that develops a payment system for multinational businesses and payments providers on the continent. The headquarters are in San Francisco, California, with offices in Nigeria, Kenya, Ghana, South Africa, and Seven More African Nations among other nations.



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Comment:
Stellar Lumen XLM broke through and bounced off the 0.40 resistance level I had indicated yesterday.

The Crypto is showing extreme strength on a fairly weak day in the crypto world. There has been a lot of profit-takings this week, but XLM had not yet benefited from the general bull-run and was stuck.

LukkVal
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