Litecoin
Litecoin fell by 0.36% on Tuesday. Following on from a 1.50% decline on Monday, Litecoin ended the day at $41.22.
A mixed start to the day saw Litecoin fall from an early morning high $41.86 to a late morning intraday low $40.52.
Steering clear of the first major support level at $39.91, Litecoin rallied to a late afternoon intraday high $41.96.
Falling short of the first major resistance level at $42.41, Litecoin eased back to sub-$41.30 levels and into the red.
At the time of writing, Litecoin was up by 0.63% to $41.48. A mixed start to the day saw Litecoin fall to an early morning low $40.56 before striking a high $41.80.
Steering clear of the major resistance levels, Litecoin tested the first major support level at $40.51 early on.
For the day ahead
Litecoin would need to avoid sub-$41.25 levels to support another run the first major resistance level at $41.95.
Support from the broader market would be needed, however, for Litecoin to breakout out from the morning high $41.80.
Barring an extended crypto rally, the first major resistance and Tuesday’s high $41.96 would likely cap any upside.
Failure to avoid sub-$41.25 levels could see Litecoin struggle later in the day.
A fall back through to sub-$41 levels would bring the first major support level at $40.51 into play.
Barring an extended crypto sell-off, however, Litecoin should avoid a return to sub-$40 support levels.
Looking at the Technical Indicators
Major Support Level: $40.51
Major Resistance Level: $41.95
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen slipped by 0.16% on Tuesday. Following on from a 0.59% fall on Monday, Stellar’s Lumen ended the day at $0.048345.
A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.048798 before hitting reverse.
Falling short of the first major resistance level at $0.04965, Stellar’s Lumen fell to a noon intraday low $0.047702.
Steering clear of the first major support level at $0.04613, Stellar’s Lumen bounced back to $0.04860 levels before easing back into the red.
At the time of writing, Stellar’s Lumen was down by 0.40% to $0.048152. A bearish start to the day saw Stellar’s Lumen fall to an early morning low $0.047559 before striking a high $0.048152.
Stellar’s Lumen fell through the first major support level at $0.04777 early on.
For the day ahead
Stellar’s Lumen would need to move back through to $0.04830 levels to support a run at the first major resistance level at $0.04886.
Support from the broader market would be needed, however, for Stellar’s Lumen to breakout from Tuesday’s high $0.48798.
Barring an extended crypto rally, the first major resistance level. $0.04886 should limit any upside on the day.
Failure to move through to $0.04830 levels could see Stellar’s Lumen struggle throughout the day.
A fall back through the first major support level at $0.04777 would bring the second major support level at $0.04719 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.047 support levels.
Looking at the Technical Indicators
Major Support Level: $0.04777
Major Resistance Level: $0.04886
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 0.75% on Tuesday. Following on from a 0.11% decline on Monday, Tron’s TRX ended the day at $0.012484.
A bearish start to the day saw Tron’s TRX slide to a late morning intraday low $0.012429 before finding support.
Steering clear of the first major support level at $0.012220, Tron’s TRX rallied to an early afternoon intraday high $0.012800.
Tron’s TRX came within range of the first major resistance level at $0.012860 before sliding back into the red.
At the time of writing, Tron’s TRX was up by 0.76% to $0.012579. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.012336 before striking a high $0.012579.
Tron’s TRX fell through the first major support level at $0.01234 early on.
For the Day Ahead
Tron’s TRX would need to avoid sub-$0.01257 levels to support a run at the first major resistance level at $0.01271.
Support from the broader market would be needed, however, for Tron’s TRX to break through to $0.01260 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.0128 would likely limit any upside.
Failure to avoid sub-$0.01257 levels could see Tron’s TRX see red for a 3rd consecutive day.
A fall back through the first major support level at $0.01234 levels would bring the second major support level at $0.01220 into play.
Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.012 levels.
Looking at the Technical Indicators
Major Support Level: $0.01234
Major Resistance Level: $0.01271
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