XMR/USD is seen trading at $51.81 following a 2% increase in value. XMR is prime for gains above the 61.8% Fib level. Monero another bull among a sloth of bears on Thursday. The cryptocurrency market is in the red apart from selected digital assets like Bitcoin Cash (BCH), Monero (XMR), Litecoin (LTC), IOTA (MIOTA) and Bitcoin Gold (BCH). XMR/USD is seen trading at $51.81 following a 2% increase in value. Looking at the chart, Monero has been on an upward trajectory since March 5. There was a struggle at the $50 hurdle leading to sideways trading within a range between $49 and $51. However, amid the bearish market pressure, Monero bulls increased their grip pulling the price above the 50% Fib level with the last swing high at $56.39 and a low at $46.89. At press time, XRM/USD is exchanging hands at $51.60 and sitting comfortably at the 50% Fib level. Indicators like the RSI and the MACD are still sending bullish signals. This means that XMR is prime for gains above the 61.8% Fib level at $52.79 and eventually retrace the steps to the high on Feb 24 at $56.39. XMR/USD 2-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next DUP source: ‘Tweaks won’t cut it’ in talks with government on Brexit deal – BBC FX Street 4 years XMR/USD is seen trading at $51.81 following a 2% increase in value. XMR is prime for gains above the 61.8% Fib level. Monero another bull among a sloth of bears on Thursday. The cryptocurrency market is in the red apart from selected digital assets like Bitcoin Cash (BCH), Monero (XMR), Litecoin (LTC), IOTA (MIOTA) and Bitcoin Gold (BCH). XMR/USD is seen trading at $51.81 following a 2% increase in value. Looking at the chart, Monero has been on an upward trajectory since March 5. There was a struggle at the $50 hurdle leading to sideways trading within a range between… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
