Litecoin
Litecoin rose by 0.53% on Sunday. Following on from a 2.08% gain on Saturday, Litecoin ended the week down by 5.22% to $60.60.
It was a mixed start to the day. Litecoin rose to an early morning high $60.65 before hitting reverse.
Falling short of the first major resistance level at $61.32, Litecoin fell to a late morning intraday low $58.08.
Litecoin fell through the first major support level at $58.53 before striking a late intraday high $61.61.
Litecoin broke through the first major resistance level at $61.32 before easing back to sub-$61 levels.
At the time of writing, Litecoin was down by 0.48% to $60.31. A bearish start to the day saw Litecoin fall from an early morning high $60.69 to a low $60.03.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $60.10 pivot to support a run at the first major resistance level at $62.11.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $61.61.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $60.10 pivot would bring the first major support level at $58.58 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $56.57.
Looking at the Technical Indicators
First Major Support Level: $58.58
First Major Resistance Level: $62.11
23.6% FIB Retracement Level: $54
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen rose by 0.60% on Sunday. Following on from a 2.62% gain on Saturday, Stellar’s Lumen ended the week down by 10.86% to $0.102879.
Tracking the broader market, Stellar’s Lumen rose to an early morning high $0.102596 before hitting reverse.
Falling short of the first major resistance level at $0.10431, Stellar’s Lumen slid to a late morning intraday low $0.09850.
Finding support at the first major support level at $0.09859, Stellar’s Lumen rallied to a late intraday high $0.103199.
While falling short of the first major resistance level at $0.10431, the late rebound delivered the upside on the day.
At the time of writing, Stellar’s Lumen was down by 1.12% to $0.101727. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.102985 to a low $0.10100.
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 $0.10153 pivot to support a run at the first major resistance level at $0.10455.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Sunday’s high $0.1032.
Barring a broad-based crypto rally, the first major resistance level would like cap any upside.
Failure to avoid a fall through the $0.10153 pivot would bring the first major support level at $0.09985 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.09683.
Looking at the Technical Indicators
First Major Support Level: $0.09985
First Major Resistance Level: $0.10455
23.6% FIB Retracement Level: $0.09960
38% FIB Retracement Level: $0.14336518
62% FIB Retracement Level: $0.2050
Tron’s TRX
Tron’s TRX slid by 3.52% on Sunday. Reversing a 3.61% rally from Saturday, Tron’s TRX ended the week down by 13.82% to $0.24337.
A mixed start to the day saw Tron’s TRX rise to an early morning intraday high $0.025383 before hitting reverse.
Falling short of the first major resistance level at $0.02614, Tron’s TRX slid to a late morning intraday low $0.023510.
Tron’s TRX fell through the first major support level at $0.02372 before briefly revisiting $0.025 levels.
A bearish end to the day, however, left Tron’s TRX at sub-$0.025 levels and in the deep red.
At the time of writing, Tron’s TRX was down by 1.02% to $0.024089. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.024473 to a low $0.023873.
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 $0.02441 pivot level to support a run at the first major resistance level at $0.02531.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0253 levels.
Barring an extended crypto rebound, the first major resistance level and Sunday’s high $0.025383 would likely cap any upside.
Failure to move through the pivot level at $0.02441 would bring the first major support level at $0.02344 into play.
Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.023 levels. The second major support level sits at $0.02254.
Looking at the Technical Indicators
First Major Support Level: $0.02344
First Major Resistance Level: $0.02531
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