Chiliz, Stellar Lumens & Litecoin — Asian Wrap 15 June

Chiliz price excitement fades as CHZ hodlers show zero conviction

Chiliz price climbed just over 70% from the June 9 low to the May 11 high in the run-up to the kick-off of the European Cup, one of the premier soccer events in the world. The notable rally did capture the attention of the cryptocurrency markets and the CHZ faithful, but it has since stumbled lower. Currently, a trifecta of resistance and a lack of hodler conviction amps the skepticism over a bullish outlook for the sports & entertainment token. 


XLM Price Forecast: Stellar may be on the brink of a 50% collapse

XLM price has been propped up by the symmetrical triangle’s lower trend line and 61.8% Fibonacci retracement level of the March 2020-May 2021 rally. However, the resulting rebound has been limited, unaffected by the Bitcoin burst higher since the El Salvador announcement to make BTC legal tender. Without a daily close above the 200-day SMA at $0.379, the cryptocurrency price path will be carrying a downward bias.


Litecoin price resistance at $186 dictates the future of an LTC rebound

Litecoin price action has been dull since the May 23 low as the area around the 200-day SMA has been a tremendous influence. Unless LTC overcomes the significant resistance constructed by the moving average and the symmetrical triangle’s upper trend line, the digital asset outlook will remain neutral with a bearish bias.