Litecoin
Litecoin rose by 4.61% on Tuesday. Following on from a 10.91% rally on Monday, Litecoin ended the day at $55.85.
It was a mixed start to the day. Litecoin rose to an early morning high $54.68 before falling to a late morning intraday low $51.71.
Steering clear of the first major support level at $48.12, Litecoin rallied to a late afternoon intraday high $57.99.
Litecoin broke through the first major resistance level at $57.46 before easing back.
At the time of writing, Litecoin was up by 0.21% to $55.97. A mixed start to the day saw Litecoin rise to an early morning high $56.28 before falling to a low $55.22.
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 $55.18 pivot to support a run at the first major resistance level at $58.66.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $57.99.
Barring another crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $55.18 pivot would bring the first major support level at $52.38 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$50 levels. The second major support level sits at $48.90.
Looking at the Technical Indicators
First Major Support Level: $52.38
First Major Resistance Level: $58.66
23.6% FIB Retracement Level: $54
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen rose by 3.66% on Tuesday. Partially reversing a 4.75% slide from Monday, Stellar’s Lumen ended the day at $0.097659.
It was a bearish start to the day. Stellar’s Lumen fell to an early morning intraday low $0.093592 before making a move.
Steering clear of the first major support level at $0.08854, Stellar’s Lumen rallied to a late intraday high $0.098536.
Falling short of the first major resistance level at $0.10061, Stellar’s Lumen eased back to end the day at $0.097 levels.
At the time of writing, Stellar’s Lumen was up 0.33% to $0.097977. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.096459 before rising to a high $0.098268.
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 $0.09660 pivot to support a run at the first major resistance level at $0.9960.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.0.098536.
Barring a broad-based crypto rally, the first major resistance level would likely limit any upside.
Failure to avoid a fall through the $0.09660 pivot would bring the first major support level at $0.09466 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.09165.
Looking at the Technical Indicators
First Major Support Level: $0.09466
First Major Resistance Level: $0.09660
23.6% FIB Retracement Level: $0.09960
38% FIB Retracement Level: $0.14336518
62% FIB Retracement Level: $0.2050
Tron’s TRX
Tron’s TRX rose by 2.26% on Tuesday. Following on from a 0.94% gain on Monday, Tron’s TRX ended the day at $0.019179.
It was a mixed start to the day. Tron’s TRX rose to an early morning high $0.019031 before hitting reverse.
Falling short of the first major resistance level at $0.019040, Tron’s TRX slid to a late morning intraday low $0.018233.
Steering clear of the first major support level at $0.01791, Tron’s TRX rallied to a late intraday high $0.019500.
Tron’s TRX broke through the first major resistance level at $0.01940 before falling back to sub-$0.019 levels.
Finding late support, however, Tron’s TRX recovered to end the day at $0.019 levels.
At the time of writing, Tron’s TRX was up by 2.15% to $0.019591. A mixed start to the day saw Tron’s TRX rise fall to an early morning low $0.018989 before rising to a high $0.019729.
Tron’s TRX broke through the first major resistance level at $0.019710 early on.
For the Day Ahead
Tron’s TRX would need to avoid a fall through the $0.01897 pivot level to support another run at the first major resistance level at $0.01971.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.019729.
Barring an extended crypto rally, the first major resistance level and morning high would likely cap any upside.
Failure to avoid a fall through the $0.01897 pivot level would bring the first major support level at $0.01844 into play.
Barring an extended crypto sell-off, Tron’s TRX should steer clear of sub-$0.018 levels. The second major support level sits at $0.01770.
Looking at the Technical Indicators
First Major Support Level: $0.01844
First Major Resistance Level: $0.01971
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