Price Analysis

Litecoin (LTC) and Stellar (XLM) Prices Indicate Future Upsurge; Binance Coin Still Struggles at the Bottom

Litecoin Price Analysis:

Litecoin price chart - Aug 26
Litecoin Chart

Litecoin is currently dealing at $74.04. It is the fifth-largest coin in the market. Let’s have a look at its performance on the chart in the last seven days. Looking in the chart, the coin reflected a moderate upsurge. On 20th August, the coin slipped from $75 to $73 by 2.66%. On 22nd August, the coin switched from $73.1 to $73.3 by 0.17%. On 23rd August, the price again moved up. The counters changed from $73.3 to $75.2 by 2.66%. On 24th August, the coin slipped from $75.2 to $73.2 by 2.61%. Yesterday, the coin leaped 2.58% from $73.2 to $75.

Litecoin has outperformed Bitcoin in the last two quarters. The coin has set the stakes very high, and we believe it would break them all. The coin is recommended for long term traders. The investment in the coin would give flourishing result in the long run.

Binance Coin Price Analysis:

Binance Coin price chart - Aug 26
Binance Coin Chart

Binance Coin (BNB) is dealing at $27.06. The coin is at the sixth position in the crypto market. The coin is expected to rise in the future. Let’s have a look at its current momentum. Starting from 20th August, the coin started the downtrend. The coin slipped from $28.6 to $27.9 by 2.55%. On 21st August, the coin continued the fall and dropped from $27.9 to $27.0 by 3.37%. On 22nd August, the price again slipped from $27 to $26.9 by 0.25%. On 23rd August, the price kept it tight around $26. There was a fall in the price from $26.9 to $26.3 by 2.14%. Yesterday, the coin picked up. The price jumped from $26.3 to $26.6 by 1.02%.

The traders are recommended to hold their investment for some time. There is an assumption of upsurge, but the exact time couldn’t be predicted. It would be best to wait for price recovery.

Stellar Price Analysis:

Stellar price chart - Aug 26
Stellar Chart

Stellar (XLM) has regained its momentum. The coin has again started walking up on the chart. We are anticipating that in some time, the coin would embark the price rally. The coin is currently positioned at 11th rank and dealing at $0.069.

The weekly chart of Stellar is reflecting a recovery in the chart. It is indicating to the forthcoming upsurge in the coin. On 20th August, the coin slipped from $0.072 to $0.068 by 4.89%. On 21st August, the coin continued the fall, and the price dropped from $0.068 to $0.067. The coin started the recovery from 22nd August. The price moved up from $0.067 to $0.068 by 2.13%. The coin moved up from $0.068 to $0.069 by 1.57% on 23rd August. On 24th August, the coin again moved up from $0.069 to $0.070 by 1%. On 25th August, the coin again moved up from $0.0702 to $0.0705 by 0.46%.

The traders who were planning to switch the coin are recommended to wait. The investment in the coin wouldn’t go futile. They should opt for a long term investment plan to book colossal profit in the future.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.
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