Litecoin
Litecoin rose by 1.28% on Monday. Following on from a 0.71% gain on Sunday, Litecoin ended the day at $41.87.
It was a mixed start to the day. Litecoin rose to an early morning high $41.53 before sliding to a late morning intraday low $40.57.
Coming within range of the first major support level at $40.47, Litecoin rallied to a late intraday high $42.24.
Litecoin broke through the first major resistance level at $42.11 before easing back to sub-$42 levels.
At the time of writing, Litecoin was down by 0.05% to $41.85. A mixed start to the day saw Litecoin rise to an early morning high $41.99 before falling to a low $41.78.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to avoid a fall through the $41.56 pivot to support a run at the first major resistance level at $42.55.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $42.24.
Barring another crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $41.56 pivot could see Litecoin struggle on the day.
A fall through to sub-$41 levels would bring the first major support level at $40.88 into play.
Barring an extended crypto sell-off, Litecoin should steer clear of the second major support level at $39.89.
Looking at the Technical Indicators
Major Support Level: $40.88
Major Resistance Level: $42.55
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen rose by 0.69% on Monday. Following on from a 2.39% rally on Sunday, Stellar’s Lumen ended the day at $0.06478.
Tracking the broader market, Stellar’s Lumen rose to an early morning high $0.06494 before hitting reverse.
Falling short of the major resistance levels, Stellar’s Lumen fell to a late morning intraday low $0.06300.
Steering clear of the first major support level at $0.06226, Stellar’s Lumen rallied to a late intraday high $0.065420.
Stellar’s Lumen came within range of the first major resistance level at $0.06544 before easing back to sub-$0.065 levels.
At the time of writing, Stellar’s Lumen was down by 0.22% to $0.064938. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.065175 before sliding to a low $0.064882.
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 $0.06440 pivot to support a run at the first major resistance level at $0.06580.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.065420.
Barring another broad-based crypto rally, the first major resistance level and Monday’s high would likely limit any upside.
Failure to avoid a fall through the $0.06440 pivot could see Stellar’s Lumen struggle throughout the day.
A fall back through to sub-$0.064 levels would bring the first major support level at $0.06338 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.060 levels. The second major support level at $0.06198 should limit any downside on the day.
Looking at the Technical Indicators
Major Support Level: $0.06338
Major Resistance Level: $0.06580
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 2.52% on Monday. Following on from a 1.94% gain on Sunday, Tron’s TRX ended the day at $0.01619.
Bullish throughout the day, Tron’s TRX rallied from an early morning intraday low $0.015786 to a late intraday high $0.016380.
Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.01602.
Coming up against the second major resistance level at $0.01631, Tron’s TRX eased back to sub-$0.01620 levels.
At the time of writing, Tron’s TRX was up by 0.19% to $0.016220. A relatively bullish start to the day saw Tron’s TRX rise from an end of Sunday $0.01619 to an early high $0.01622
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 $0.01612 pivot to support a run at the first major resistance level at $0.01645.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.01638.
Barring another broad-based crypto rally, the first major resistance level and Monday’s high would likely cap any upside.
Failure to avoid a fall through the $0.01612 pivot would bring the first major support level at $0.01586 into play.
Barring another extended crypto sell-off, Tron’s TRX should steer clear of sub-$0.015 levels. The second major support level at $0.01552 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $0.01586
Major Resistance Level: $0.01645
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