Litecoin
Litecoin fell by 1.38% on Sunday. Partially reversing a 1.80% gain from Saturday, Litecoin ended the week down by 2.27% to $42.96.
A bullish start to the day saw Litecoin rise to an early morning intraday high $43.82 before hitting reverse.
Falling short of the first major resistance level at $44.20, Litecoin slid to a late intraday low $42.90.
Steering clear of the first major support level at $42.56, Litecoin briefly revisited $43 levels before easing back.
At the time of writing, Litecoin was up by 0.30% to $43.09. A mixed start to the day saw Litecoin fall to an early morning low $42.91 before rising to a high $43.14.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to move through the $43.25 pivot to support a run at the first major resistance level at $43.55.
Support from the broader market would be needed, however, for Litecoin to break back through the morning high $43.14.
Barring broad-based crypto rebound, the first major resistance level and Sunday’s high $43.82 would likely cap any upside.
Failure to move through the $43.25 pivot could see Litecoin struggle on the day.
A fall back through the morning low $42.91 would bring the first major support level at $42.63 into play.
Barring another extended crypto sell-off, Litecoin should steer clear of sub-$42 levels. The second major support level sits at $42.31 should limit the downside.
Looking at the Technical Indicators
Major Support Level: $42.63
Major Resistance Level: $43.55
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen slid by 1.90% on Sunday. Following on from a 0.17% loss on Saturday, Stellar’s Lumen ended the week down by 2.93% to $0.06860.
It was a choppy day for Stellar’s Lumen. Stellar’s Lumen rose to an early morning intraday high $0.070271 before hitting reverse.
Coming up short of the first major resistance level at $0.070390, Stellar’s Lumen slid to an early afternoon low $0.069298.
Steering clear of the first major support level at $0.06856, Stellar’s Lumen recovered to $0.0696 levels before a late pull back.
The pullback saw Stellar’s Lumen fall to an intraday low $0.0686. Support at the first major support level at $0.06856 limited the downside at the day end.
At the time of writing, Stellar’s Lumen was up by 0.69% to $0.069070. A bullish start to the day saw Stellar’s Lumen rise from an end of Sunday $0.06860 to an early morning high $0.069070.
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 $0.06920 pivot to support a run at the first major resistance level at $0.06971.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.06950 levels.
Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $0.070271 would likely limit any upside.
Failure to move through the $0.06920 pivot could see Stellar’s Lumen struggle throughout the day.
A fall through the morning low $0.069048 would the first major support level at $0.06804 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.067 levels. The second major support level at $0.06749 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $0.06804
Major Resistance Level: $0.06971
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 fell by 0.76% on Sunday. Partially reversing a 1.19% gain from Saturday, Tron’s TRX ended the week down by 1.55% to $0.015831.
A bullish start to the day saw Tron’s rise to an early morning intraday $0.016033 before hitting reverse.
Coming up short of the first major resistance level at $0.01616, Tron’s TRX slid to a late intraday low $0.015825.
Steering clear of the first major support level at $0.01578, Tron’s TRX recovered to $0.01583 levels to limit the loss on the day.
At the time of writing, Tron’s TRX was up by 0.21% to $0.015864. A bullish start to the day saw Tron’s TRX rise from an end of Sunday $0.015831 to an early morning high $0.015864.
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 $0.01590 pivot to support a run at the first major resistance level at $0.01596.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.01590 levels.
Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $0.016033 would likely cap any upside.
Failure to move through the $0.01590 pivot would bring the first major support level at $0.01578 into play.
In the event of an extended crypto sell-off, Tron’s TRX would likely test the second major support level at $0.01574 before any recovery.
Looking at the Technical Indicators
Major Support Level: $0.01578
Major Resistance Level: $0.01596
23.6% FIB Retracement Level: $0.0322
38.2% FIB Retracement Level: $0.0452
62% FIB Retracement Level: $0.0663
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Thanks, Bob
This article was originally posted on FX Empire