Litecoin
Litecoin rose by 3.12% on Monday. Reversing a 1.38% loss from Sunday, Litecoin ended the day at $44.30.
A bullish start to the day saw Litecoin rise from an early morning intraday low $42.91 to a mid-morning high $43.93.
Litecoin broke through the first major resistance level at $43.55 before easing back to sub-$43.50 levels.
Finding support from the broader market, however, Litecoin rallied to a late intraday high $44.66 before easing back.
Breaking back through the first major resistance level, Litecoin broke through the second major resistance level at $44.15.
In spite of easing back late in the day, Litecoin held above the second major resistance level to the day end.
At the time of writing, Litecoin was down by 0.52% to $44.07. A mixed start to the day saw Litecoin rise to an early morning high $44.45 before falling to a low $43.96
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to avoid a fall through the $43.96 pivot to support a run at the first major resistance level at $45.00.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $44.66.
Barring another crypto rally, the first major resistance level and Monday’s high would likely cap any upside.
Failure to avoid a fall through the $43.96 pivot could see Litecoin struggle on the day.
A fall back through to sub-$44 levels would bring the first major support level at $43.25 into play.
Barring an extended crypto sell-off, Litecoin should steer clear of sub-$43 and the second major support level at $42.21.
Looking at the Technical Indicators
Major Support Level: $43.25
Major Resistance Level: $45.00
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen rallied by 4.14% on Monday. Reversing a 1.90% loss from Sunday, Stellar’s Lumen ended the day at $0.071908.
It was a bullish day for Stellar’s Lumen. Stellar’s Lumen rallied from an early morning intraday low 0.069048 to a late intraday high $0.072149.
Avoiding the major support levels, Stellar’s Lumen broke through the first major resistance level at $0.06971 and the second major resistance level at $0.07083.
Coming up short of the third major resistance level at $0.07250, Stellar’s Lumen slipped back to sub-$0.072 levels.
At the time of writing, Stellar’s Lumen was down by 1.26% to $0.071000. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.071935 to a low $0.071000.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.071 pivot to support a run at the first major resistance level at $0.07310.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.07226.
Barring another broad-based crypto rally, the first major resistance level would likely limit any upside.
Failure to avoid the $0.071 pivot could see Stellar’s Lumen struggle throughout the day.
A fall through to sub-$0.071 levels would the first major support level at $0.06988 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06786.
Looking at the Technical Indicators
Major Support Level: $0.06988
Major Resistance Level: $0.07310
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 rallied by 3.37% on Monday. Reversing a 0.76% decline from Sunday, Tron’s TRX ended the day at $0.016386.
A bullish start to the day saw Tron’s rise from an early intraday low $0.015851 to an early afternoon high $0.016387.
Tron’s TRX broke through the day’s major resistance levels before easing back to an afternoon low $0.016164.
The pullback saw Tron’s TRX fall back through the third major resistance level at $0.01625 before resuming the breakout.
Finding support from the broader market, Tron’s TRX rallied to a late intraday high $0.016469.
Tron’s TRX broke back through and held above the third major resistance level at $0.01625 to the day end.
At the time of writing, Tron’s TRX was down by 0.37% to $0.016326. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.016468 before falling to a low $0.016274.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to avoid a fall through the $0.01625 pivot to support a run at the first major resistance level at $0.01662.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.016469.
Barring another broad-based crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, the second major resistance level at $0.01684 and $0.017 levels would come into play.
Failure to avoid the $0.01625 pivot would bring the first major support level at $0.01600 into play.
In the event of an extended crypto sell-off, Tron’s TRX would likely test the second major support level at $0.01562 before any recovery.
Looking at the Technical Indicators
Major Support Level: $0.01600
Major Resistance Level: $0.01662
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