Litecoin
Litecoin fell by 0.45% on Wednesday. Following a 5.91% slide from Tuesday, Litecoin ended the day at $58.09.
It was a mixed start to the day. Litecoin rose to an early morning high $58.66 before hitting reverse.
Falling short of the first major resistance level at $61.59, Litecoin fell to a mid-morning intraday low $57.00.
Steering clear of the first major support level at $55.90, Litecoin rose to a late afternoon intraday high $59.13.
Continuing to fall short of the major resistance levels, Litecoin fell back to end the day at sub-$59 levels.
At the time of writing, Litecoin was up by 0.72% to $58.51. A mixed start to the day saw Litecoin fall to an early morning low $58.07 before rising to a high $58.70.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $58.07 pivot to support a run at the first major resistance level at $59.15.
Support from the broader market would be needed, however, for Litecoin to break back through to $59 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $59.13 would likely cap any upside.
Failure to avoid a fall through the $58.07 pivot would bring the first major support level at $57.02 into play.
Barring another extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $55.94.
Looking at the Technical Indicators
First Major Support Level: $57.02
First Major Resistance Level: $59.15
23.6% FIB Retracement Level: $54
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Stellar’s Lumen
Stellar’s Lumen rose by 0.80% on Wednesday. Partially reversing a 5.58% slide from Tuesday, Stellar’s Lumen ended the day at $0.098051.
It was a mixed start to the day. Stellar’s Lumen fell to an early morning intraday low $0.096016 before making a move.
Steering clear of the first major support level at $0.09385, Stellar’s Lumen rallied to a late afternoon intraday high $0.100434.
Falling short of the first major resistance level at $0.10193, Stellar’s Lumen slipped to wrap up the day at sub-$0.10.
At the time of writing, Stellar’s Lumen was up by 0.66% to $0.09870. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.098152 to a high $0.098911.
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 $0.09817 pivot to support a run at the first major resistance level at $0.10032.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.10 levels.
Barring a broad-based crypto rally, the first major resistance level and Wedensday’s high $0.10043 would like cap any upside.
Failure to avoid a fall through the $0.09817 pivot would bring the first major support level at $0.09590 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.09375
Looking at the Technical Indicators
First Major Support Level: $0.09590
First Major Resistance Level: $0.10032
23.6% FIB Retracement Level: $0.09280
38% FIB Retracement Level: $0.1333
62% FIB Retracement Level: $0.1989
Tron’s TRX
Tron’s TRX rose by 3.24% on Wednesday. Partially reversing an 8.54% tumble from Tuesday, Tron’s TRX ended the day at $0.023742.
A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.022735 before making a move.
Steering clear of the first major support level at $0.02156, Tron’s TRX rose to a late afternoon intraday high $0.024034.
Falling short of the first major resistance level at $0.02499, Tron’s TRX slipped back to sub-$0.024 levels.
At the time of writing, Tron’s TRX was up by 2.44% to $0.02432. A Bullish start to the day saw Tron’s TRX rally from an early morning low $0.023582 to a high $0.024464
Tron’s TRX broke through the first major resistance level at $0.02427 early on.
For the Day Ahead
Tron’s TRX would need to avoid a fall through the first major resistance level at $0.02427 to support a run at the second major resistance level at $0.02480.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.024464.
Barring an extended crypto rebound, the second major resistance level and would likely cap any upside.
Failure to avoid a fall through the first major resistance level at $0.02427 would bring sub-$0.024 levels into play.
Barring an extended crypto sell-off, however, Tron’s TRX should avoid a fall through the pivot level at $0.02350. The first major support level sits at $0.02297.
Looking at the Technical Indicators
First Major Support Level: $0.02297
First Major Resistance Level: $0.02427
23.6% FIB Retracement Level: $0.0291
38.2% FIB Retracement Level: $0.0428
62% FIB Retracement Level: $0.0648
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Thanks, Bob
This article was originally posted on FX Empire