Litecoin
Litecoin fell by 1.54% on Tuesday. Partially reversing Monday’s 5.87% rally, Litecoin ended the day at $43.37.
A mixed start to the day saw Litecoin rise to an early morning intraday high $44.46 before hitting reverse.
Falling short of the first major resistance level at $45.03, Litecoin slid to a late intraday low $42.84.
Steering clear of the first major support level at $42.28, Litecoin recovered to $43 levels to limit the downside.
At the time of writing, Litecoin was down by 0.30% to $43.24. A bearish start to the day saw Litecoin fall from an early morning high $43.41 to a low $43.11
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to move through the $43.56 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 another crypto rally, the first major resistance level and Tuesday’s high $44.46 would likely cap any upside.
Failure to move through the $43.56 pivot would bring the first major support level at $42.65 into play.
Barring an extended crypto sell-off, however, Litecoin should continue to steer clear of sub-$41 levels. The second major support level at $41.94 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $42.65
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 2.76% on Tuesday. Following on from a 6.86% rally on Monday, Stellar’s Lumen ended the day at $0.07376.
A mixed start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.070312 before finding support.
Steering clear of the first major support level at $0.06837, Stellar’s Lumen rallied to a late intraday high $0.074290.
Stellar’s Lumen broke through the first major resistance level at $0.07368. In spite of a late pullback, Stellar’s Lumen avoided a fall back through the first major resistance level.
At the time of writing, Stellar’s Lumen was up by 0.14% to $0.073861. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.073852 to a high $0.073861.
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 $0.07280 pivot to support a run at the first major resistance level at $0.07526.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.074290.
Barring another broad-based crypto rally, the first major resistance level at $0.07526 would likely limit any upside.
Failure to avoid a fall through the $0.07280 pivot could see Stellar’s Lumen struggle throughout the day.
A pullback through to sub-$0.072 levels would bring the first major support level at $0.07128 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.070 levels. The second major support level sits at $0.06881.
Looking at the Technical Indicators
Major Support Level: $0.07128
Major Resistance Level: $0.07526
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.14336518
62% FIB Retracement Level: $0.2050
Tron’s TRX
Tron’s TRX slid by 4.81% on Tuesday. Reversing most of Monday’s 6.53% rally, Tron’s TRX ended the day at $0.01726.
It was a mixed start to the day. Tron’s TRX rallied to an early morning intraday high $0.018150 before hitting reverse.
Falling short of the first major resistance level at $0.018520, Tron’s TRX slid to a late intraday low $0.017111.
Tron’s TRX fell through the first major resistance level at $0.01732 before finding support. A move back through to $0.01720 levels reduced the deficit on the day.
At the time of writing, Tron’s TRX was down by 1.41% to $0.017018. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.017146 to a low $0.016865.
Tron’s TRX tested the first major support level at $0.01686 early on.
For the Day Ahead
Tron’s TRX would need to move through the $0.01750 pivot level to support a run at the first major resistance level at $0.01790.
Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.01750 levels.
Barring an extended crypto rally, the first major resistance level at $0.01790 would likely cap any upside.
Failure to move through the $0.01750 pivot level would bring the first major support level at $0.01686 back into play.
Barring another extended crypto sell-off, Tron’s TRX should steer clear of the second major support level at $0.01647
Looking at the Technical Indicators
Major Support Level: $0.01686
Major Resistance Level: $0.01790
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