Stellar (XLM/USD) Poised for Uptrend Continuation Above $0.4

Following a relentless surge in the Stellar market, the price rose from around $0.15, peaking near the $0.6 level toward the end of November. Since early December, bears have started to push the market downward, driven primarily by profit-taking activities after the price surpassed $0.6. However, bulls have since rallied around the $0.4 level, maintaining buoyant market action above this critical support. Today, we observe signs of renewed bullish momentum, as market activity begins to turn to the upside, suggesting a potential upward move driven by increasing buying interest.

Stellar Market Data

  • XLM/USD Price Now: $0.29
  • XLM/USD Market Cap: $7 billion
  • XLM/USD Circulating Supply: 30 billion
  • XLM/USD Total Supply: 50 billion
  • XLM/USD CoinMarketCap Ranking: #21

Key Levels

  • Resistance: $0.50, $0.60, and $0.70
  • Support: $0.40, $0.30, and $0.20

Stellar Market Through the Lens of Indicators

The emergence of the $0.4 support level highlights the resilience and determination of the bulls to keep the market upward-bound, as the price consistently rebounded from this threshold. Bullish traders established their stance at $0.4 on December 9 and have successfully maintained their position since then.

In today’s trading session, we observed that the Stellar market is attempting to turn upward, with bullish activity pushing the price further to $0.45. This afternoon, however, price action encountered resistance at $0.47, coinciding with the 20-day moving average. Despite the volume indicator showing a series of small histograms—reflecting limited investor interest over the past few days—today’s session indicates a notable upward push, signaling renewed bullish momentum in the crypto market.

Stellar (XLM/USD) Poised for Uptrend Continuation Above $0.4

XLM/USD Price Prediction: 4-Hour Chart Analysis

Analyzing the market from the 4-hour chart, which provides a shorter-term perspective, we observe a prolonged struggle between demand and supply. Notably, the volume indicator shows a period of low activity, indicating a phase of consolidation. This suggests that some major investors may have been monitoring this market for a while and could now be attempting to influence a surge upward.

Traders should pay close attention to a potential breakout above the $0.47 level, as such a move could signal the start of a recovery rally and renewed upward momentum.

Trade crypto coins on BYBIT!

Lucky Block (LBLOCK) Gathers Strength for Potential Bullish Breakout

Lucky Block (LBLOCK) is showing signs of upward momentum as buyers return, positioning the token for a breakout. With key indicators turning positive, LBLOCK appears ready to challenge higher resistance levels.

Daily Chart Analysis of LBLOCK

LBLOCK is currently trading at $0.00001725, marking a 1.47% increase in the past 24 hours. The price remains above the key support level of $0.00001338, showing stability as it moves toward the midline of the Keltner Channel at $0.00001868. A successful move above this level could see LBLOCK target its upper resistance at $0.00002397, offering further upside potential.

Lucky Block (LBLOCK) Gathers Strength for Potential Bullish Breakout
LBLOCKUSDT – Daily Chart

The MACD indicator is showing improving momentum, with a decline in bearish activity and the MACD line nearing a bullish crossover. This suggests that buying pressure is gaining strength, increasing the likelihood of a positive move.

4-Hour Chart Strength

On the 4-hour chart, LBLOCK is consolidating near $0.00001725 and holding above local support at $0.00001639. Resistance at $0.00001991 is the next key barrier to watch. A breakout above this level could propel the price toward the higher resistance near $0.00002200.

Lucky Block (LBLOCK) Gathers Strength for Potential Bullish Breakout
LBLOCKUSDT – 4H Chart

The MACD line is stabilizing, reflecting reduced selling pressure and potential for bullish momentum. Additionally, the narrowing of the Keltner Channels suggests that a breakout move may be imminent.

Conclusion

Lucky Block (LBLOCK) is building momentum for a potential upward breakout as buyers return to the market. A break above $0.00001868 on the daily chart and $0.00001991 on the 4-hour chart could open doors to further gains. With strengthening technical indicators and growing buyer confidence, Lucky Block appears primed for a positive move in the short term.

You can purchase Lucky Block here.  Buy LBLOCK.

Lido Shuts Down Staking Services on Polygon (Ex-Matic) Network

One of the biggest platforms for staking cryptocurrency tokens, Lido, has declared that it will be discontinuing its staking services on the Polygon (ex-Matic) Proof of Stake (PoS) network. This decision was made by the Lido community in November to tackle many issues facing the platform.

As a result, the platform formally ceased providing Polygon staking services on Monday, giving users until June 16, 2025, as Withdrawals will only be possible using specialized tools after this date. In light of this, the site has stated that the shifting cryptocurrency landscape, poor utilization, and inadequate payouts were the main factors in this decision.

Addressing the Major Issues

It has been challenging for Lido to use Polygon (ex-Matic) staking service to meet its objectives due to some issues like lack of user adoption. Even though users may stake MATIC (Polygon’s token) and get “stMATIC,” which are liquid staking tokens, there was still little interest in the service. This indicated that, in comparison to other networks, fewer people were utilizing Lido’s staking services on Polygon.

Lido Shuts Down Staking Services on Polygon (Ex-Matic) Network

Another problem was the reward scheme. The staking service did not produce enough revenue to be financially sustainable. Maintaining the service also needed significant resources, such as time, money, and technical support, which were not justified in light of its limited success. Furthermore, the broader developments in the crypto realm, notably in the Polygon ecosystem, made it difficult for Lido to remain relevant.

Lido’s Attention to Ethereum

Since Ethereum has demonstrated greater promise for the platform, Lido has decided to concentrate on it to solve the problem. Therefore, the Lido DAO in charge of the system, approved a new project early this year to make it easier for individuals to stake Ethereum.

Lido Shuts Down Staking Services on Polygon (Ex-Matic) Network

The goal of this idea, known as the “community staking module,” is to make Ethereum staking accessible to more people, even those without extensive technical knowledge. 

This move highlights a bigger trend for Lido: focusing on platforms where it sees more potential for growth and success. Ethereum has been Lido’s strongest area, as it continues to dominate the liquid staking market for ETH. To this end, Lido remains the leading DeFi protocol, with over $39 billion worth of assets currently locked on its platform.

Looking Forward 

Lido has previously discontinued network services. The platform recently suspended its Solana staking operations for similar reasons, citing losses. In light of this, there appears to be a rising push for Ethereum to improve its staking solutions within the ecosystem.

Additionally, for users who staked MATIC on Polygon, Lido has provided a clear timeline for fund withdrawals ahead of the full shutdown in June 2025. This decision aligns with Lido’s strategy to allocate its resources where they can deliver the greatest impact.

 

In order to place winning trades with us via Bybit, you can open an account here.

Litecoin (LTC) Price Prediction: LTC/USDT Extends Downward Retracement  

Litecoin Price Prediction December 17:

Even though the Bitcoin market has reached a new all-time high of $106,000, the Litecoin market continues to retrace downward. While the market is currently above a support level, suggesting that the downward retracement may be short-lived, short-term bearish sentiment persists among market participants.

LTC/USDT Long-Term Trend: Bearish (Daily Chart)

Key Price Levels:

Resistance: $120, $130, $140

Support: $105, $95, $85

Litecoin (LTC) Price Prediction: LTC/USDT Extends Downward Retracement  

The ongoing session in the Litecoin daily price chart appears bearish. As a result, the token is now trading below the 20-day Moving Average (MA) lines. However, it’s worth noting that other MA curves lie below all price action on the chart. Meanwhile, the Stochastic Relative Strength Index lines have continued downward toward the 0.00 threshold level, aligning with the recent price trajectory.

Litecoin Price Prediction: LTC/USDT Has Short-Term Bearish Outlook

The Litecoin market has fallen below the technical price level of $120 and the 20-day MA lines. The ongoing session may see further downward movement, although the recent bearish candles have been smaller than previous ones.

Additionally, the Stochastic RSI lines are depressed and progressing deeper into the oversold region. The lines of the indicator are already deep in the oversold region, limiting further downward potential. Technically, this suggests that price action has only a short-term bearish outlook.

Litecoin Price Prediction: LTC/USDT Bearish Target Revealed (4-Hour Chart)

While the Litecoin daily market indicates a bearish outlook, the 4-hour chart provides more specific insights into the potential target for downward movement. The last price candle is bearish and has fallen below the 20-, 50-, and 100-day MA lines. Furthermore, the Stochastic RSI lines have delivered a bearish crossover just above the 50 level of the indicator.

Litecoin (LTC) Price Prediction: LTC/USDT Extends Downward Retracement  

The ensuing lines of the indicator are falling downward toward the oversold region. Technically, the market direction seems aligned between the daily and 4-hour charts. The 4-hour chart suggests that the potential target for downward movement is the $110 price level, as it’s the next significant technical support level.

Get Litecoin here. Buy LTC

XRP (XRP/USDT) Resumes Rally Despite Overbought Condition

XRP Long-term Analysis: Bullish

In the past weeks, XRP has experienced a significant surge in price, supported by bullish market sentiment. This is evident in the sharp upside price movement, supported by increased traders’ interest, as seen in the volume.

However, for a continued uptrend, the price must hold above $2.4036; otherwise, a break below this level could jeopardize the ongoing rally as the indicators signal a pullback due to overbought conditions.

Currently, XRP against USDT is trading at $2.5069 with over 700 million traded volumes.

XRP (XRP/USDT) Resumes Rally Despite Overbought Condition
XRPUSDT-Weekly Chart

Technical Indicators

Major Resistance Levels: $2.5800, $3.000, and $3.500

Major Support Levels: $2.4036, $2.1801, and $1.8744

XRP Technical Analysis

The analysis of XRP against the Tether shows that the pair is about to resume an uptrend after a recent pause at $2.4470. However, on the one hand, the Guppy Multiple Moving Averages (GMMAs) signal a strong bullish continuation with the divergence of the short and long EMAs, which shows increasing buying pressure. On the other hand, the Stochastic RSI reads extreme values over the 90-mark level. From one angle, this could represent increasing traders’ interest, but from another, it could be taken as a sign of impending pullback.

Therefore, XRP must close above the nearest support to break above $2.5800 or the psychological $3.000 level; otherwise, a dip below $2.000 would indicate a change in direction.

XRP/USDT Analysis: A Continued Uptrend or Range-Bound Activities?

The daily chart for XRP/USDT shows that the pair is consolidating near the $2.5069 level while forming a sideways pattern. However, the market sentiment remains bullish as seen in the positioning of the GMMAs despite a pause between the $2.4470 and $2.5200 range. To this end, the price needs to break above $2.5200 for a continued uptrend toward $3.000; otherwise, the range-bound activities might continue.

On the other hand, the Stochastic oscillator suggests XRP is positioned for a possible bullish rebound provided buyers re-enter the market. Therefore, to maintain the uptrend, XRP needs to hold support above $2.4000 while targeting $2.5200, as a drop below $2.3800 could open the door for further correction.

XRP (XRP/USDT) Resumes Rally Despite Overbought Condition
XRPUSDT-Daily Chart

 

You can purchase crypto coins here. Buy Block

Cronos (CRO/USD) Settles For Consolidation Trend Above $0.175

For an extended period, the Cronos market remained stable at $0.0759. However, in November, the market experienced a significant bullish shift as investors began buying aggressively, leading to a dramatic surge in price action. Within just a few daily trading sessions, the price skyrocketed above $0.2.

This hyper-bullish movement showcased the strength of the bulls, who managed to defend the market from a sharp correction at $0.15. As a result, the support level has now climbed to $0.17. While this level still sits below the 20-day moving average, it reflects the resilience and determination of the bulls to maintain upward momentum.

Cronos Market Data

  • CRO/USD Price Now: $0.185
  • CRO/USD Market Cap: $4.99 billion
  • CRO/USD Circulating Supply: 26.57 billion CRO
  • CRO/USD Total Supply:  30 billion CRO
  • CRO/USD CoinMarketCap Ranking: #31

Cronos (CRO/USD) Settles For Consolidation Trend Above $0.175

Key Levels

  • Resistance: $20, $21, and $23
  • Support: $0.17, $0.15, and $0.14.

The Cronos Market Through the Lens of Indicators

As the market surged from around $0.076 to above $0.10, traders began buying aggressively, anticipating further upward movement in subsequent trading sessions. This expectation materialized as the crypto signal eventually peaked above the $0.20 price level.

However, profit-taking triggered substantial bearish activity, yet a significant number of bullish traders retained optimism, consolidating their positions around the $0.15 level. Currently, the support level has risen to approximately $0.17.

The $0.20 price level now serves as a critical resistance zone, where bearish pressure has become evident. This is reflected in the descending peaks, which dropped from $0.23 to around $0.20. Additionally, the convergence of the lower and higher price levels suggests that the market may be preparing for consolidation, particularly as trading volume histograms show a decline.

If consolidation occurs, it is likely to take place within the range of $0.17 to $0.20.

Cronos (CRO/USD) Settles For Consolidation Trend Above $0.175

CRO/USD Price Prediction: 4-Hour Chart Analysis

In the last trading session, there was strong market activity, as evidenced by the high trading volume shown on the volume histogram. Despite the significant volume, the accompanying candlestick—though bullish—was relatively modest in size. This indicates considerable market participation from both buyers and sellers, with buyers unable to secure full dominance during the session.

However, a potential decline in the Cronos bullish momentum could be emerging, as a shooting star candlestick has appeared. This candlestick pattern is often a signal that the market may be preparing for a correction. Nevertheless, this correction is unlikely to breach the key support level at $0.17, which continues to provide a solid floor for price action.

Trade crypto coins on BYBIT!

Dash 2 Trade Price Prediction for Today, December 17: D2TUSD Price Retracement May Surge above $0.00406 Resistance Level

Dash 2 Trade Price Forecast: D2TUSD Price Retracement May Surge above $0.00406 Resistance Level (December 17)

The D2TUSD pair is rising and the price retracement may surge above the $0.00406 resistance trend level. The coin is possibly making its way up after hitting the $0.000129 low level to signal a pump. Thus, a strong push from the current price at the $0.00153 supply value above the supply trend levels will put the cryptocurrency in a bullish trend and this may further extend to the $0.01000 upper resistance level resulting in intraday gains for the buy traders.

Key Levels:
Resistance levels: $0.00153, $0.00154, $0.00155
Support levels: $0.000800, $0.000700, $0.000600

D2T (USD) Long-term Trend: Bullish (Daily Chart)

The D2TUSD is experiencing a price surge in its medium-term outlook. The price bar is above the moving average, suggesting a bullish trend.
Dash 2 Trade Price Forecast: D2TUSD Price Retracement May Surge above $0.00406 Resistance Level (December 17)
The intervention from the buy traders at the $0.000964 high value in the previous action has made the coin price surge above the supply trend line in its recent high.

The market value of D2TUSD jumps to the $0.00100 high level above the moving average -50 shortly after the commencement of the 4-hourly chart today, indicating that positive sentiment is returning to the market. Thus, buyers must add more pressure to their activities to move the market beyond the current price level.

In addition, the Dash 2 Trade market indicates more upside possibilities, as shown by the daily stochastic pointing upwards; we can certainly expect more gains and strength from the coin.

The pair may grow to retest the $0.00151 previous resistance level soon and might expose the coin price to hit the $0.01000 upper high mark in the days ahead in its medium time frame.

D2T (USD) Medium-term Trend: Bearish (4H Chart)

D2TUSD indicates a downward trend with a bearish sentiment in its long-term perspective. The coin is trading below the EMA-50.
Dash 2 Trade Price Forecast: D2TUSD Price Retracement May Surge above $0.00406 Resistance Level (December 17)
However, the current trend will soon be nullified as the market has resumed its bullish race, and the price retracement may surge above the crucial levels.

The sustained bearish pressure at the $0.000776 support value has enabled the crypto price to drop below the supply levels in its recent high. However, the bulls are now set to swing up the coin price to its new resistance trend levels.

The Dash 2 Trade price on the daily chart today is facing resistance and trading at the $0.00100 correction level. Further, the rising prices reclaimed more confirmation for a bullish recovery.

Therefore, if the bulls can increase their tension in the market, the price tendency will move above the key levels. Further, the rising prices will attract more buyers to drive the coin price to a higher level.

Additionally, the daily stochastic indicates an uptrend. Hence, if the coin buyers manage to break above the $0.00406 previous supply trend line, the market participants may witness a new recovery rally, and the price retracement may reach the $0.01000 high mark in the days ahead in its lower time frame.

Are you unsure about how to use $D2T to subscribe to Dash 2 Trade? With our comprehensive tutorial, you can quickly unlock premium trading tools.

 

Want a coin that has a huge potential for massive returns? That coin is Dash 2 Trade. Buy D2T now.

What is MicroStrategy’s Bitcoin Gamble?

In 2020, Michael Saylor, the CEO of MicroStrategy, had a revelation. He saw that the company’s cash reserves were being eroded by inflation. Instead of letting his money sit idle, he decided to invest heavily in Bitcoin. But Saylor didn’t stop there. He transformed MicroStrategy from a traditional software company into a Bitcoin-focused investment firm.

Imagine you own a bookstore, but you decide to pivot and turn it into a gold bullion bank. That’s essentially what Saylor did. He leveraged MicroStrategy’s public company status to create a vehicle for accumulating Bitcoin, using Wall Street’s financial tools.

The company’s original software business has taken a backseat. Today, MicroStrategy’s valuation is primarily driven by its Bitcoin holdings and its ability to acquire more. The company’s market capitalization is significantly higher than the current value of its Bitcoin.

Let’s dive deeper into the mechanics of this bold strategy.

MicroStrategy, led by Michael Saylor, primarily funds its Bitcoin acquisitions through two key strategies:

1. Issuing New Shares: The company sells new shares directly to investors, raising capital to purchase Bitcoin.

2. Convertible Debt: MicroStrategy borrows money from investors in the form of convertible notes, which can be exchanged for shares. These funds are then used to buy Bitcoin.

What is MicroStrategy's Bitcoin Gamble?

A Win-Win for MicroStrategy and Investors

The organization employs a clever strategy to fund its Bitcoin purchases. Instead of traditional loans, they issue convertible notes. These notes are essentially IOUs with a twist: investors can choose to convert their debt into MicroStrategy shares, potentially reaping significant rewards if the stock price rises.

This attractive proposition often allows MicroStrategy to secure favorable terms, including near-zero interest rates.

Additionally, the company can raise capital through traditional corporate bonds. By selling these bonds to investors, MicroStrategy obtains funds to further expand its Bitcoin holdings.

Why Invest in MicroStrategy?

Investors seeking Bitcoin exposure without the complexities of direct cryptocurrency trading often turn to MicroStrategy.

So, why not just buy Bitcoin ETFs?

While ETFs offer a convenient way to invest in Bitcoin, MicroStrategy presents unique advantages for institutional investors:

Regulatory Compliance: Many institutional investors face restrictions on direct cryptocurrency investments. The company’s traditional financial instruments, such as convertible notes and bonds, circumvent these limitations.

Tax Efficiency: Depending on specific jurisdictions, investing in MicroStrategy might offer tax advantages compared to direct Bitcoin ownership or ETF investments.

Corporate Governance: MicroStrategy is a publicly traded company with established corporate governance practices, providing a level of comfort for some investors.

By investing in MicroStrategy, these institutions can indirectly gain exposure to Bitcoin’s potential upside while adhering to their investment mandates.

What is MicroStrategy's Bitcoin Gamble?

Why Investors Flock to MicroStrategy

While Bitcoin ETFs offer a straightforward way to invest in Bitcoin, MicroStrategy provides a unique proposition: amplified exposure.

When Bitcoin appreciates, MicroStrategy’s stock price can surge even higher due to a combination of factors:

Direct Bitcoin Gains: The company directly benefits from the rising value of its Bitcoin holdings.

Market Sentiment: As MicroStrategy’s Bitcoin strategy gains traction, investor confidence grows, driving up the stock price.

Enhanced Financing: The company’s strong Bitcoin position enables it to secure favorable financing terms, further fueling its growth.

A Multifaceted Appeal

Conservative Investors: Fixed-income investors can indirectly participate in the Bitcoin market by lending money to MicroStrategy through bonds or convertible notes.

Growth Investors: Those seeking long-term appreciation can capitalize on MicroStrategy’s strategy of increasing its Bitcoin holdings over time.

Speculative Investors: Traders looking for high-leverage exposure to Bitcoin can benefit from MicroStrategy’s amplified price movements.

By investing in MicroStrategy, investors can potentially achieve greater returns than a simple Bitcoin ETF, but it’s important to note that this strategy also carries higher risk.

What is MicroStrategy's Bitcoin Gamble?

The Saylor Machine: A High-Stakes Gamble

Investing in MicroStrategy is essentially a bet on Michael Saylor’s ability to continuously increase the company’s Bitcoin holdings. This strategy has driven the stock price to a significant premium over the underlying value of its Bitcoin assets.

The MSTR Premium

Investors are willing to pay this premium because they believe in Saylor’s execution and the potential for significant upside. They see MicroStrategy as a unique vehicle for Bitcoin exposure, offering:

Amplified Returns: The company’s strategic moves can lead to outsized gains compared to a simple Bitcoin investment.

Institutional Access: MicroStrategy provides a way for institutional investors to indirectly participate in the Bitcoin market, bypassing regulatory hurdles.

Financial Engineering: Saylor’s ability to raise capital and optimize the company’s capital structure can further boost shareholder value.

A Calculated Risk

While MicroStrategy offers an exciting investment opportunity, it’s important to consider the risks. The stock’s performance is heavily tied to Bitcoin’s price and Saylor’s execution.

If you’re considering investing in MicroStrategy, it’s crucial to conduct thorough research and understand the risks involved. A diversified approach, including direct Bitcoin ownership, maybe a prudent strategy for many investors.

Anchorage Digital Finds Legal Space in New York Cryptocurrency Market

In record time, Anchorage, a digital currency operator, has received a BitLicense from the New York Department of Financial Services (NYDFS), marking a significant step forward for the digital services company. The move is expected to increase the company’s reach and influence in the cryptocurrency industry by allowing its subsidiary, Anchorage Digital NY, LLC, to provide cryptocurrency trading services to New York businesses.

Therefore, to facilitate business inclusion and regulatory compliance in the digital currency market, the company aims to fully offer its services by 2025.

The New York’s BitLicense and Anchorage Expansion

Established in 2015, BitLicense is considered the first regulatory framework for crypto in the United States. By implication, this license will give Anchorage Digital access to one of the most powerful and largest financial markets in the United States.

Anchorage Digital Finds Legal Space in New York Cryptocurrency Market
Source: Anchorage.com

Additionally, this will allow New York-based firms to access the Anchorage office’s trading desk, which offers deep liquidity and cost-effective trading within a standardized framework.

In this regard, Nathan McCauley, CEO of Anchorage Digital, emphasized the importance of licenses to strengthen the company’s regulatory and technological capabilities. In his statement, he said that this is an important development not only for Anchorage but for the cryptocurrency industry in general.

Strategic Growth Beyond Compliance

Anchorage Digital’s work is in line with some digital movements that demonstrate its aspirations for the cryptocurrency market. The bank is the first in the United States to manage a liquid portfolio with liquid-staked ETH (LsETH) from Liquid Collective. Therefore, this program focuses on providing advanced services to institutional clients.

It is also worth noting that the company has partnered with well-known organizations such as PayPal on a stablecoin creation and payment mechanism. To this end, Anchorage Digital has established itself as a market leader in providing regulated, secure, and unique digital asset solutions through these partnerships.

Thus, by combining efficiency, security, and compliance, the company hopes to increase the trust of industry players in BitLicense.

This accreditation demonstrates Anchorage’s commitment to creating a true digital asset ecosystem in addition to the growing popularity of the crypto market.

 

In order to place winning trades with us via Bybit, you can open an account here.