Litecoin
Litecoin rose by 1.93% on Monday. Reversing a 1.65% decline from Sunday, Litecoin ended the day at $49.12
A mixed start to the day saw Litecoin fall to an early morning intraday low $47.15 before making a move.
Steering clear of the first major support level at $46.64, Litecoin rallied to a late afternoon intraday high $49.66.
Falling short of the first major resistance level at $50.38, Litecoin slipped back to sub-$49 levels before recovering to $49 levels.
At the time of writing, Litecoin was down by 0.20% to $49.02. A mixed start to the day saw Litecoin rise to an early morning high $49.20 before falling to a low $48.77.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the pivot level a $48.64 to support a run at the first major resistance level at $50.14.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $49.66.
Barring an extended crypto rally, the first major resistance level and resistance at $50 would likely cap any upside.
Failure to avoid a fall through the pivot level a $48.64 would bring the first major support level at $47.63 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$47 levels. The second major support level sits at $46.13.
Looking at the Technical Indicators
First Major Support Level: $47.63
First Major Resistance Level: $50.14
23.6% FIB Retracement Level: $54
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Stellar’s Lumen
Stellar’s Lumen rose by 0.26% on Monday. Following a 4.52% slide on Sunday, Stellar’s Lumen ended the day at $0.080175.
It was a bearish start to the day. Stellar’s Lumen fell to an early morning intraday low $0.07874 before making a move.
Steering clear of the first major support level at $0.07792, Stellar’s Lumen rallied to a mid-afternoon intraday high $0.082008.
Falling short of the first major resistance level at $0.08337, Stellar’s Lumen slid back to sub-$0.08 levels before finding support.
A move back through to $0.08 levels delivered the upside on the day.
At the time of writing, Stellar’s Lumen was up by 0.06% to $0.080227. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.079829 before rising to a high $0.080403.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move through the $0.08031 pivot to support a run at the first major resistance level at $0.08188.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.081 levels.
Barring a broad-based crypto rally, the first major resistance level would like cap any upside.
Failure to move through the $0.08031 pivot would bring the first major support level at $0.07861 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.07704.
Looking at the Technical Indicators
First Major Support Level: $0.07861
First Major Resistance Level: $0.08188
23.6% FIB Retracement Level: $0.09280
38% FIB Retracement Level: $0.1333
62% FIB Retracement Level: $0.1989
Tron’s TRX
Tron’s TRX fell by 0.58% on Monday. Following on from a 6.13% slide on Sunday, Tron’s TRX ended the day at $0.030424.
It was another mixed start to the day. Tron’s TRX fell to an early morning intraday low $0.03008 before making a move.
Steering clear of the first major support level at $0.02905, Tron’s TRX rose to an early afternoon intraday high $0.03159.
Falling short of the first major resistance level at $0.03265, Tron’s TRX slid back to $0.030 levels and into the red.
In spite of the late pullback, Tron’s TRX avoided a fall through the 23.6% FIB of $0.0291, however.
At the time of writing, Tron’s TRX was down by 1.09% to $0.03009. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.030497 before falling to a low $0.029932.
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 $0.03070 pivot level to support a run at the first major resistance level at $0.03132.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.031 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the $0.03070 pivot level would bring the first major support level at $0.2981 into play.
Barring an extended crypto sell-off, however, Tron’s TRX would likely steer clear of sub-$0.029 levels. The second major support level at $0.02919 and 23.6% FIB of $0.0291 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $0.02981
First Major Resistance Level: $0.03132
23.6% FIB Retracement Level: $0.0291
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
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Thanks, Bob
This article was originally posted on FX Empire