Stellar Lumens (XLM) has shown strong growth in past 2 months as it went from $0.21 to $0.65 earlier today. So, what is next for the XLM-USD and XLM-BTC pairs for May 2021?
After a strong rally to $0.65, expect XLM to range between $0.54 and $0.56 for few days before it starts moving higher again.
We flipped to green on XLM/BTC on monthly back in September 2020 and that was the best time to enter Stellar Lumens market.
I held XLM from $0.06 and sold in November 2020 for $0.21, with which I bought Dash which had not even started pumping.
Since then, while the XLM showed growth on its USD pair, it kept loosing value on its BTC. If a coin is underperforming against Bitcoin, it is wiser to hold BTC.
Stellar Lumens is expected to go ape-sh*t if we get a daily close above 955 sats.
Once we do that, 2000 sats should come in little to no time. #XLM #StellarLumens #Bitcoin pic.twitter.com/yb3JB7Un3J
— BTC SINGH ⟠ ₿ (@BTCSINGH) April 30, 2021
I waited for bitcoin dominance to drop and bought a fat bag of Stellar Lumens in April 28 2021.
Proof of ~1M $XLM procured at $0.48 https://t.co/HLqxfse73K pic.twitter.com/7oblg26esv
— BTC SINGH ⟠ ₿ (@BTCSINGH) April 30, 2021
Less than 24 hours after buying XLM, it started outperforming against bitcoin which is what I wanted to see. Now, it is hovering above 1000 sats on XLM-BTC pair.
My plan for May 2021 is to sell half of my XLM for USD at its previous all-time-high of $0.93 and rest for BTC when it crosses 2600 sats, which is first major resistance. We might also find some resistance around 2000 sats, which has not been tested since 2018.
As expected, we tested ~$0.50 and touched $0.65 within 48 hours.
I won’t mind $XLM re-testing $0.54/0.56.
Chart looks very bullish. Not selling a single #XLM from my 1M XLM bag before it hits previous ATH of $0.93. pic.twitter.com/awRI4efuWP
— BTC SINGH ⟠ ₿ (@BTCSINGH) May 6, 2021
So yes, I am expected XLM to touch its previous all time high in May 2021 on its USD pair at least. However, mid term, I am also expecting XLM to hit $1.25 followed by $1.4.