January Outlook For Stellar Lumens10

The Stellar Lumens (XLM-USD) Bitcoin (BTC-USD) trading pair (XLM/BTC) had itself, up until Jan. 7, in a falling wedge pattern, setting the template for a quick bounce to the upside. The question is what happens after this bounce in ratio and the outlook for the rest of January.

The XLM token was recently listed on the Hong-Kong based Coinsuper exchange. This on the heels of the announcement of support from AlphaPoint for XLM tokens. So far, there's low trading volume on the XLM pairs available in both places, but the unlock of possibility in Asian trading is strong. Already, Stellar has a size-able portion of its daily trading volume directly with the Korean Won. Unlocking the Hong Kong market, or the Chinese one in the future, could be a big win for the altcoin ranked 6th currently in total market cap.

Original source
https://seekingalpha.com/article/4232080-january-outlook-stellar-lumens?source=feed_all_articles

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