Litecoin
Litecoin fell by 0.45% on Tuesday. Partially reversing a 3.12% gain from Monday, Litecoin ended the day at $44.16.
A bearish start to the day saw Litecoin fall from an early morning high $44.45 to a mid-morning intraday low $43.88.
Steering clear of the first major support level at $43.25, Litecoin bounced back to an early afternoon intraday high $44.46.
Falling well short of the first major resistance level at $45.00, Litecoin fell back to sub-$44 levels. Finding support in the final hour, Litecoin recovered to $44 levels to limit the loss on the day.
At the time of writing, Litecoin was up by 0.11% to $44.21. A mixed start to the day saw Litecoin fall to an early morning low $44.12 before rising to a high $44.25.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to avoid a fall back through the $44.20 pivot to support a run at the first major resistance level at $44.45.
Support from the broader market would be needed, however, for Litecoin to break out from the morning high $44.25.
Barring another crypto rally, the first major resistance level and Tuesday’s high $44.46 would likely cap any upside.
Failure to avoid a fall back through the $44.20 pivot could see Litecoin struggle on the day.
A fall back through to sub-$44 levels would bring the first major support level at $43.87 into play.
Barring an extended crypto sell-off, Litecoin should steer clear of sub-$43 levels. The second major support level at $43.59 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $43.87
Major Resistance Level: $44.45
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen fell by 1.13% on Tuesday. Partially reversing a 4.14% rally from Monday, Stellar’s Lumen ended the day at $0.071124.
It was a bearish day for Stellar’s Lumen. Stellar’s Lumen slid to a late morning intraday low $0.070281 before making a move.
Steering clear of the first major support level at $0.06988, Stellar’s Lumen rallied to an early afternoon intraday high $0.07260.
Falling short of the first major resistance level at $0.07310, Stellar’s Lumen slid back to a low $0.071059 before steadying.
At the time of writing, Stellar’s Lumen was up by 0.25% to $0.071289. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.070806 before striking a high $0.071687.
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 $0.07135 pivot to support a run at the first major resistance level at $0.07239.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.072 levels.
Barring another broad-based crypto rally, the first major resistance level and Tuesday’s high $0.07260 would likely limit any upside.
Failure to move through the $0.07135 pivot could see Stellar’s Lumen struggle throughout the day.
A fall back through to sub-$0.071 levels would the first major support level at $0.07007 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06902.
Looking at the Technical Indicators
Major Support Level: $0.07007
Major Resistance Level: $0.07239
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 rose by 0.54% on Tuesday. Following on from a 3.37% rally on Monday, Tron’s TRX ended the day at $0.016528.
A bearish start to the day saw Tron’s fall to a mid-morning intraday low $0.016224 before making a move.
Steering clear of the first major support level at $0.016000, Tron’s TRX rallied to a late intraday high $0.01680.
Tron’s TRX broke through the first major resistance level at $0.01662 before sliding back to sub-$0.0166 levels.
The second major resistance level at $0.01685 pinned Tron’s TRX back late in the day.
At the time of writing, Tron’s TRX was up by 0.10% to $0.016544. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.016522 before striking a high $0.016544.
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 $0.01650 pivot to support a run at the first major resistance level at $0.01681.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s high $0.01680.
Barring another broad-based crypto rally, the first major resistance level and Tuesday’s high $0.01680 would likely cap any upside.
In the event of another breakout, $0.017 levels and the second major resistance level at $0.01709 would come into play.
Failure to avoid the $0.01650 pivot would bring the first major support level at $0.01623 into play.
In the event of an extended crypto sell-off, Tron’s TRX would likely test the second major support level at $0.01594 before any recovery.
Looking at the Technical Indicators
Major Support Level: $0.01623
Major Resistance Level: $0.01681
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