Litecoin
Litecoin fell by 1.50% on Monday. Following on from a 1.31% decline on Sunday, Litecoin ended the day at $41.37.
A bearish start to the day saw Litecoin tumble from an intraday high $42.00 to an early morning intraday low $39.50.
Litecoin fell through the first major support level at $41.38 and the second major support level at $40.71.
Finding support throughout the day, Litecoin recovered to an afternoon high $41.68 before sliding back.
A final hour pullback saw Litecoin fall back through the first major support level at $41.38.
At the time of writing, Litecoin was down by 0.10% to $41.33. A mixed start to the day saw Litecoin rise to an early morning high $41.58 before falling to a low $41.10.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through to $42 levels to support a run the first major resistance level at $42.41.
Support from the broader market would be needed, however, for Litecoin to breakout out from the morning high $41.58.
Barring a broad-based crypto rebound, resistance at $42 would likely leave Litecoin short of the first major resistance at $42.41.
Failure to move back through to $42 levels could see Litecoin struggle throughout the day.
A fall back through to sub-$41 levels would bring the first major support level at $39.91 into play.
Barring an extended crypto sell-off, however, Litecoin should avoid a return to sub-$39 support levels.
Looking at the Technical Indicators
Major Support Level: $39.91
Major Resistance Level: $42.41
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen fell by 0.59% on Monday. Following on from a 1.18% decline on Sunday, Stellar’s Lumen ended the day at $0.48379.
A bearish start to the day saw Stellar’s Lumen slide to an early morning intraday low $0.045158 before making a move.
Stellar’s Lumen fell through the first major support level at $0.04807 and the second major support level at $0.04690.
Steering clear of sub-$0.045 levels, Stellar’s Lumen rallied to a late intraday high $0.048676 before easing back.
In spite of the rebound, Stellar’s Lumen came up well short of the first major resistance level at $0.05095.
At the time of writing, Stellar’s Lumen was down by 0.39% to $0.048188. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.048491 before falling to a low $0.048188.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move back through to $0.049 levels to support a run at the first major resistance level at $0.04965.
Support from the broader market would be needed, however, for Stellar’s Lumen to breakout from Monday’s high $0.48676.
Barring a broad-based crypto rebound, resistance at $0.049 would likely leave Stellar’s Lumen short of the first major resistance level. $0.04965.
Failure to move through to $0.049 levels could see Stellar’s Lumen struggle throughout the day.
A fall back through to sub-$0.04740 levels would bring the first major support level at $0.04613 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.045 levels.
Looking at the Technical Indicators
Major Support Level: $0.04613
Major Resistance Level: $0.04965
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX
Tron’s TRX fell by 0.11% on Monday. Partially reversing a 1.44% gain from Sunday, Tron’s TRX ended the day at $0.012634.
A bearish start to the day saw Tron’s TRX slide to an early morning intraday low $0.012029 before finding support.
Tron’s TRX fell through the first major support level at $0.012320 before striking a late intraday high $0.012663.
Falling well short of the first major resistance level at $0.01322, Tron’s TRX slid back to sub-$0.01265 levels and into the red.
At the time of writing, Tron’s TRX was down by 0.12% to $0.012619. A mixed start to the day saw Tron’s TRX rise from an early morning low $0.012578 to a high $0.012635 before easing back.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move through to $0.01270 levels to support a run at the first major resistance level at $0.01286.
Support from the broader market would be needed, however, for Tron’s TRX to breakout from Monday’s high $0.012663.
Barring a broad-based crypto rebound, the first major resistance level would likely leave Tron’s TRX short of $0.013 levels.
Failure to move back through to $0.01270 levels could see Tron’s TRX spend the day in the red.
A fall through to sub-$0.01244 levels would bring the first major support level at $0.01222 into play.
Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.01181.
Looking at the Technical Indicators
Major Support Level: $0.01222
Major Resistance Level: $0.01286
23.6% FIB Retracement Level: $0.0322
38.2% FIB Retracement Level: $0.0452
62% FIB Retracement Level: $0.0663
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Thanks, Bob
This article was originally posted on FX Empire