Litecoin
Litecoin fell by 3.13% on Monday. Partially reversing a 5.54% rally from Sunday, Litecoin ended the day at $40.61.
Tracking the broader market, Litecoin rose to an early morning high $42.57 before sliding to a mid-morning low $41.66.
Leaving the major support and resistance levels untested early on, Litecoin rallied to a mid-afternoon intraday high $42.69.
Falling short of the first major resistance level at $42.90, Litecoin slid to a late intraday low $40.23.
The sell-off saw Litecoin fall through the first major support level at $40.32 before moving back through to $40.60 levels.
At the time of writing, Litecoin was down by 0.32% to $40.48. A range-bound start to the day saw Litecoin rise to an early morning high $40.68 before falling to a low $40.36.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through to $41.20 levels to support a run at the first major resistance level at $42.12.
Support from the broader market would be needed, for Litecoin to break through to $41.0 levels.
Barring an extended crypto rally, however, resistance at $42 would likely cap any upside on the day.
Failure to move through to $41.20 levels could see Litecoin slide deeper into the red.
A fall back through the morning low $40.36 would bring the first major support level at $39.66 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$39 levels and the second major support level at $38.72.
Looking at the Technical Indicators
Major Support Level: $39.66
Major Resistance Level: $42.12
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 5.32% on Monday. Reversing a 3.99% gain from Sunday, Stellar’s Lumen ended the day at $0.044975.
A bullish start to the day saw Stellar’s Lumen strike an early morning intraday high $0.047655 before hitting reverse.
Falling short of the first major resistance level at $0.04796, Stellar’s Lumen slid to a late intraday low $0.044722.
Stellar’s Lumen fell through the first major support level at $0.04612 and the second major support level at $0.04490.
Finding support late on, Stellar’s Lumen managed to move back through the second major support level.
At the time of writing, Stellar’s Lumen was up by 0.07% to $0.045005. Range-bound early on, Stellar’s Lumen rose from an early morning low $0.044960 to a high $0.045020.
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 to $0.4578 levels to support a run at the first major resistance level at $0.04685.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.045 levels.
Barring a broad-based crypto rally, however, the resistance at $0.046 levels would likely pin Stellar’s Lumen back from Monday’s high $0.047655.
Failure to move through to $0.04578 levels could see Stellar’s Lumen slide back into the red.
A fall through the morning low $0.04496 would bring the first major support level at $0.04391 into play.
Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of sub-$0.043 levels.
Looking at the Technical Indicators
Major Support Level: $0.04391
Major Resistance Level: $0.04685
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 tumbled by 8.63% on Monday. Partially reversing a 9.9% rally from Sunday, Tron’s TRX ended the day at $0.01370
A bullish start to the day saw Tron’s TRX strike an early morning intraday high $0.01600 before hitting reverse.
Tron’s TRX broke through the first major resistance level at $0.01543 and the second major resistance level at $0.01594.
Bearish through the rest of the day, Tron’s TRX tumbled to a late intraday low $0.01370.
The reversal saw Tron’s TRX fall through the first major support level at $0.01399.
At the time of writing, Tron’s TRX was down by 0.1% to $0.013686. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.013825 to a low $0.013430.
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 to $0.01447 levels to support a move through the first major resistance level at $0.01523.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.014 levels.
Barring an extended crypto rally, the first major resistance level would likely limit any upside later in the day.
Failure to move through to $0.01447 levels could see Tron’s TRX fall deeper into the red.
A fall back through the morning low $0.013430 would bring the first major support level at $0.01293 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.013 levels on the day.
Looking at the Technical Indicators
Major Support Level: $0.01293
Major Resistance Level: $0.01523
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
