Litecoin
Litecoin rose by 0.23% on Tuesday. Partially reversing a 0.50% fall from Monday, Litecoin ended the day at $43.86.
It was a mixed start to the day. Litecoin fell to an early morning low $43.43 before rising to an early intraday high $44.21.
Falling short of the first major resistance level at $44.63, Litecoin fell to a midday intraday low $43.32
Steering clear of the first major support level at $42.30, Litecoin found support late on to end the day in the green.
At the time of writing, Litecoin was down by 0.93% to $43.45. A bearish start to the day saw Litecoin fall from an early morning high $43.90 to a low $43.43.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to move through the $43.80 pivot to support a run at the first major resistance level at $44.27.
Support from the broader market would be needed, however, for Litecoin to break back through to $44 levels.
Barring broad-based crypto rebound, the first major resistance level would likely cap any upside.
Failure to move back through the $43.80 pivot could see Litecoin fall further back into the red.
A fall back through the morning low $43.43 would bring the first major support level at $43.38 into play.
In the event of another extended crypto sell-off, the second major support level at $42.91 would likely come into play.
Looking at the Technical Indicators
Major Support Level: $43.38
Major Resistance Level: $44.27
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen rose by 1.24% on Tuesday. Reversing a 0.15% fall from Monday, Stellar’s Lumen ended the day at $0.070824.
It was a bullish start to the day. Stellar’s Lumen rose from an early morning intraday low $0.069558 to a late morning intraday high $0.07200.
Falling short of the first major resistance level at $0.07283, Stellar’s Lumen fell back to a low $0.070084.
Finding support from the broader market, however, Stellar’s Lumen revisited $0.071 levels before easing back.
At the time of writing, Stellar’s Lumen was down by 0.42% to $0.070524. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.071123 to a low $0.070524.
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 the $0.07090 pivot to support a run at the first major resistance level at $0.07190.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.071 levels.
Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high $0.072 would likely limit any upside.
Failure to move through the $0.07090 pivot could see Stellar’s Lumen struggle throughout the day.
A fall through to sub-$0.070 levels would the first major support level at $0.06985 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06889.
Looking at the Technical Indicators
Major Support Level: $0.06985
Major Resistance Level: $0.07190
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 gained just 0.06% on Tuesday. Following a 0.29% rise on Monday, Tron’s TRX ended the day at $0.016157.
It was a relatively bullish start to the day. Tron’s TRX rose an early morning intraday high $0.016275 before hitting reverse.
Falling short of the first major resistance level at $0.01654, Tron’s TRX slid to an early afternoon intraday low $0.015993.
Steering clear of the first major support level at $0.01538, Tron’s TRX recovered to $0.0165 levels to end the day flat.
At the time of writing, Tron’s TRX was down by 0.93% to $0.016007. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.016102 to a low $0.016007.
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 the $0.01614 pivot to support a run at the first major resistance level at $0.01629.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s high $0.016275.
Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high would likely cap any upside.
Failure to move back through the $0.01614 pivot would bring the first major support level at $0.01601 into play.
In the event of an extended crypto sell-off, Tron’s TRX would likely test the second major support level at $0.01586 before any recovery.
Looking at the Technical Indicators
Major Support Level: $0.01601
Major Resistance Level: $0.01629
23.6% FIB Retracement Level: $0.0322
38.2% FIB Retracement Level: $0.0452
62% FIB Retracement Level: $0.0663
Please let us know what you think in the comments below
Thanks, Bob
This article was originally posted on FX Empire
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