Lumens is the only altcoin on my list to gain traction today, shooting past the central moving average of the KRI
, only to find resistance near a Fibonacci level at $0.68. We have a consolidation level at $0.66, which XLM
is likely to test in the near future. After that, the psychological and technical level of $0.75 should be thought of as a profit target. The band width between the upper and lower bounds of the KRI
has narrowed, indicating that XLM
has more in the momentum in the tank.
Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here
For daily commentary on cryptocurrencies, subscribe to our newsletter