Litecoin
Litecoin rose by 0.15% on Sunday. Following a 5.77% slide from Saturday, Litecoin ended the week down by 23.85% to $47.90.
A mixed start to the day saw Litecoin fall to an early morning intraday low $46.30 before making a move.
Steering clear of the first major support level at $44.96, Litecoin rose to a late morning intraday high $49.17.
Falling short of the first major resistance level at $50.89, Litecoin slid back to sub-$47 levels before finding support.
A late recovery delivered the upside on the day.
At the time of writing, Litecoin was up by 1.06% to $48.41. A bullish start to the day saw Litecoin rise from an early morning low $47.89 to a high $48.56.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $47.79 pivot to support a run at the first major resistance level at $49.28.
Support from the broader market would be needed, however, for Litecoin to break back through to $49 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $49.17 would likely cap any upside.
Failure to avoid a fall through the $47.79 pivot would bring the first major support level at $46.41 into play.
Barring an extended crypto sell-off, however, Litecoin should steer well clear of the second major support level at $44.92.
Looking at the Technical Indicators
First Major Support Level: $46.41
First Major Resistance Level: $49.28
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 2.59% on Sunday. Partially reversing a 7.32% slide from Saturday, Stellar’s Lumen ended the week down by 21.20% to $0.077388.
A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.072593 before making a move.
Steering clear of the first major support level at $0.07114, Stellar’s Lumen rallied to a late intraday high $0.078962.
Falling short of the first major resistance level at $0.08150, Stellar’s Lumen eased back to end the day at $0.077 levels.
At the time of writing, Stellar’s Lumen was up by 1.55% to $0.078589. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.077285 to a high $0.079122.
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 $0.07631 pivot to support a run at the first major resistance level at $0.08004.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.080 levels.
Barring a broad-based crypto rally, the first major resistance level would like cap any upside.
Failure to avoid a fall through the $0.07631 pivot would bring the first major support level at $0.07367 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.06995.
Looking at the Technical Indicators
First Major Support Level: $0.07367
First Major Resistance Level: $0.08004
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 rallied by 5.39% on Sunday. Partially reversing a 15.95% tumble from Saturday, Tron’s TRX ended the week up by 16.44% to $0.031499.
A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.027885 before making a move.
Steering clear of the first major support level at $0.02576, Tron’s TRX rallied to a mid-day intraday high $0.032658.
While falling short of the first major resistance level at $0.03545, Tron’s TRX broke through the 23.6% FIB of $0.0291.
An afternoon pullback saw Tron’s TRX fall back to a low $0.02947 before recovering to $0.031 levels.
At the time of writing, Tron’s TRX was up by 1.28% to $0.031901. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.031371 before striking a high $0.032213.
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 $0.03068 pivot level to support a run at the first major resistance level at $0.03348.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Sunday’s high $0.032658.
Barring an extended crypto rebound, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $0.03068 pivot level would bring the first major support level at $0.02870 into play.
Barring an extended crypto sell-off, however, Tron’s TRX would likely steer clear of sub-$0.028 levels. The second major support level sits at $0.02591.
Looking at the Technical Indicators
First Major Support Level: $0.02870
First Major Resistance Level: $0.03348
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