Litecoin
Litecoin slid by 8.02% on Sunday. Reversing a 6.01% rally from Saturday, Litecoin ended the week up by 17.95% to $56.77.
It was a mixed start to the day. Litecoin rallied to an early morning intraday high $65.31 before hitting reverse.
Litecoin broke through the first major resistance level at $63.51 before tumbling to an early morning intraday low $52.70.
The second major resistance level at $65.29 capped the upside in the early morning.
Litecoin fell through the first major support level at $58.79 and the second major support level at $55.85.
Avoiding sub-$55 support levels, Litecoin briefly revisited $59 levels before falling back through the first and second major support levels.
A late move back through the second major support level reduced the deficit on the day.
At the time of writing, Litecoin was up by 0.93% to $57.30. A mixed start to the day saw Litecoin fall to an early morning low $55.72 before striking a high $57.60.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to move through the $58.26 pivot to support a run at the first major resistance level at $63.82.
Support from the broader market would be needed, however, for Litecoin to break back through to $60 levels.
Barring another crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the $58.26 pivot would bring the 23.6% FIB of $54 and the first major support level at $51.21 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$50 levels. The second major support level sits at $45.65.
Looking at the Technical Indicators
First Major Support Level: $51.21
First Major Resistance Level: $63.82
23.6% FIB Retracement Level: $54
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen slid by 4.85% on Sunday. Partially reversing a 10.76% rally from Saturday, Stellar’s Lumen ended the week up by 3.29% to $0.10265.
A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.11585 before hitting reverse.
Stellar’s Lumen broke through the first major resistance level at $0.11191 before sliding to an early morning intraday low $0.090025.
The reversal saw Stellar’s Lumen fall through the first major support level at $0.10029 and the second major support level at $0.092920 and 23.6% FIB of $0.0928.
Finding support, Stellar’s Lumen briefly revisited $0.1075 levels before falling back through the first major support level to sub-$0.10 levels.
Finding late support, however, Stellar’s Lumen moved back through the first major support level to reduce the deficit.
At the time of writing, Stellar’s Lumen was up by 2.21% to $0.10492. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.10199 before striking a high $0.10573.
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 back through the $0.10284 pivot to support a run at the first major resistance level at $0.11566.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.11 levels.
Barring a broad-based crypto rally, the first major resistance level would likely limit any upside.
Failure to avoid a fall back through the $0.0.10284 pivot would bring the first major support level at $0.08983 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer of sub-$0.090 levels on the day.
The 23.6% FIB of $0.09280 should limit any downside on the day.
Looking at the Technical Indicators
First Major Support Level: $0.08983
First Major Resistance Level: $0.11566
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 slid by 7.24% on Sunday. Reversing a 3.92% gain from Saturday, Tron’s TRX ended the week up by 2.29% to $0.019013.
Tracking the broader market, Tron’s TRX rallied to an early morning intraday high $0.021237 before hitting reverse.
Coming up against the first major resistance level at $0.02101, Tron’s TRX tumbled to an early intraday low $0.017800.
Tron’s TRX fell through the first major support level at $0.01969 and the second major support level at $0.01892.
Steering clear of the third major support level at $0.01760, Tron’s TRX revisited $0.01960 levels before sliding back.
The first major support level pinned Tron’s TRX back.
At the time of writing, Tron’s TRX was up by 1.90% to $0.019375. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.018847 before rising to a high $0.019375.
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 back through the $0.01935 pivot level to support a run at the first major resistance level at $0.02090.
Support from the broader market would be needed, however, for Tron’s TRX to break out back through to $0.020 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall back through the $0.01935 pivot level would bring the first major support level at $0.01746 into play.
Barring another extended crypto sell-off, however, Tron’s TRX should avoid a return to sub-$0.018 levels on the day.
Looking at the Technical Indicators
First Major Support Level: $0.01746
First Major Resistance Level: $0.02090
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