Litecoin
Litecoin rose by 1.90% on Monday. Following on from a 0.15% gain on Sunday, Litecoin ended the day at $48.85.
A mixed start to the day saw Litecoin rise to an early morning high $48.74 before hitting reverse.
Falling short of the first major resistance level at $49.28, Litecoin fell to a mid-day intraday low $45.31.
Litecoin fell through the first major support level at $46.41 before striking a late intraday high $49.16.
In spite of the recovery, Litecoin failed to test the first major support level at $49.28 on the day.
At the time of writing, Litecoin was down by 0.94% to $48.39. A mixed start to the day saw Litecoin rise to an early morning high $49.00 before falling to a low $48.32.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $47.77 pivot to support a run at the first major resistance level at $50.24.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $49.16.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $47.77 pivot would bring the first major support level at $46.39 into play.
Barring an extended crypto sell-off, however, Litecoin should steer well clear of the second major support level at $43.92.
Looking at the Technical Indicators
First Major Support Level: $46.39
First Major Resistance Level: $50.24
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 1.67% on Monday. Following on from a 2.59% rally on Sunday, Stellar’s Lumen ended the day at $0.07862.
A bullish start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.079144 before hitting reverse.
Falling short of the first major resistance level at $0.08004, Stellar’s Lumen slid to a mid-day intraday low $0.07392.
Steering clear of the first major support level at $0.07367, Stellar’s Lumen recovered to $0.078 levels to end the day in the green.
At the time of writing, Stellar’s Lumen was down by 0.86% to $0.077944. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.078881 before falling to a low $0.077591.
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 $0.07723 pivot to support a run at the first major resistance level at $0.08054.
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 $0.07723 pivot would bring the first major support level at $0.07531 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.07200.
Looking at the Technical Indicators
First Major Support Level: $0.07531
First Major Resistance Level: $0.08054
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 rose by 3.14% on Monday. Following on from a 5.39% rally on Sunday, Tron’s TRX ended the day at $0.032481.
A mixed start to the day saw Tron’s TRX rise to an early morning high $0.032279 before hitting reverse.
Falling short of the first major resistance level at $0.03348, Tron’s TRX slid to a mid-day intraday low $0.028257.
Tron’s TRX fell through the first major support level at $0.02870 and the 23.6% FIB of 0.0291. Finding late support, however, Tron’s TRX struck a late intraday high $0.032705.
While falling short of the first major resistance level at $0.03348, Tron’s TRX broke back through the 23.6% FIB of $0.0291 to end the day in the green.
At the time of writing, Tron’s TRX was down by 1.56% to $0.031976. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.032647 before falling to a low $0.031597.
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 $0.03115 pivot level to support a run at the first major resistance level at $0.03404.
Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.033 levels.
Barring an extended crypto rebound, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $0.03115 pivot level would bring the first major support level at $0.02959 and 23.6% FIB of $0.0291 into play.
Barring an extended crypto sell-off, however, Tron’s TRX would likely continue to steer clear of $0.028 levels. The second major support level sits at $0.02670.
Looking at the Technical Indicators
First Major Support Level: $0.02959
First Major Resistance Level: $0.03404
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