Litecoin
Litecoin rallied by 11.77% on Monday. Following on from an 8.84% gain from last week, Litecoin ended the day at $45.12.
A bullish day saw Litecoin rally from an early morning intraday low $40.37 to a final hour intraday high $45.15.
Steering clear of the major support levels, Litecoin broke through the day’s major resistance levels.
At the time of writing, Litecoin was up by 0.33% to $45.27. A mixed start to the day saw Litecoin rise from an early morning low $45.01 to a high $46.27 before easing back.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move back through to $46 levels to support another run the first major resistance level at $46.72.
Support from the broader market would be needed, however, for Litecoin to break out from the morning high $46.27.
Barring an extended crypto rally, the first major resistance would likely pin Litecoin back on the day.
Failure to move back through to $46 levels could see Litecoin join the rest of the major cryptos in the red.
A fall back through the morning low to sub-$43.60 levels would bring the first major support level at $41.94 into play.
Barring a crypto sell-off, however, Litecoin should steer clear of sub-$42 levels on the day.
Looking at the Technical Indicators
Major Support Level: $41.94
Major Resistance Level: $46.72
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen rallied by 14.42% on Monday. Following on from a 15.37% rally last week, Stellar’s Lumen ended the day at $0.05000.
A bullish day saw Stellar’s Lumen rally from an early morning intraday low $0.04370 to a late intraday high $0.05000.
Stellar’s Lumen broke through the day’s major resistance levels to visit $0.050 levels for the 1st time since 12th March.
At the time of writing, Stellar’s Lumen was down by 1.45% to $0.049273. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.051481 before falling to a low $0.049273.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move back through to $0.050 levels to support a run at the first major resistance level at $0.05210.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through the morning high $0.051481.
Barring an extended crypto rally, resistance at $0.051 would leave Stellar’s Lumen short of the first major resistance level.
Failure to move back through to $0.050 levels could see Stellar’s Lumen struggle later in the day.
A fall back through to sub-$0.04790 levels would bring the first major support level at $0.04580 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.048 levels on the day.
Looking at the Technical Indicators
Major Support Level: $0.04580
Major Resistance Level: $0.05210
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX
Tron’s TRX rallied by 8.36% on Monday. Following on from a 17.90% rally last week, Tron’s TRX ended the day at $0.013765.
A bullish day saw Tron’s TRX rally from an early morning intraday low $0.012669 to a final hour intraday high $0.013824.
Tron’s TRX broke through the major resistance levels to hold onto $0.013 levels for the 1st time since 11th March.
At the time of writing, Tron’s TRX was down by 2.02% to $0.013487. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.014069 before falling to a low $0.013486.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move back through to $0.014 levels to support a run at the first major resistance level at $0.01417.
Support from the broader market would be needed, however, for Tron’s TRX to breakout from the morning high $0.014069.
Barring an extended crypto rally, the first major resistance would likely limit any upside on the day.
Failure to move back through to $0.014 levels could see Tron’s TRX slide deeper into the red.
A fall through to sub-$0.01340 levels would bring the first major support level at $0.01301 into play.
Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.01226.
Looking at the Technical Indicators
Major Support Level: $0.01301
Major Resistance Level: $0.01417
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