XLM Surges 11% after IBM Partners 6 Global Banks to Use Stellar Blockchain

XLM, a cryptocurrency backed by Stellar Lumens, an open-source, decentralized payment protocol, surged as much as 11-percent in the past 24 hours. The upside move started brewing during the early European trading session on Monday, as the XLM moved from 0.108 to 0.118. The trend underwent a small correction, hinting a minor bull flag formation, that led the price to Tuesday morning low at $0.113. XLM retested the same level once again following an upside rejection during today’s European session. But overall, the cryptocurrency maintained its bullish bias on a two-day performance basis. IBM Announcement, Coinbase Listing IBM announced Monday

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