Litecoin
Litecoin fell by 0.59% on Tuesday. Following on from a 3.13% slide on Monday, Litecoin ended the day at $40.30.
A relatively bullish morning saw Litecoin rise from a mid-morning low $40.33 to an early afternoon intraday high $41.12.
Falling well short of the first major resistance level at $42.12, Litecoin slid to a late afternoon intraday low $39.75.
Steering clear of the first major support level at $39.66, Litecoin recovered to $40 levels to limit the downside on the day.
At the time of writing, Litecoin was down by 0.79% to $39.98. A bearish start to the day saw Litecoin fall from an early morning high $40.38 to a low $39.84.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through to $40.40 levels to support a run at the first major resistance level at $41.03.
Litecoin would need the support of the broader market to break out from the morning high $40.38.
Barring an extended crypto rally, however, resistance at $41 would likely cap any upside on the day.
Failure to move through to $40.40 levels could see Litecoin slide deeper into the red.
A fall back through the morning low $39.84 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 on the day. The second major support level at $39.02 would likely limit any downside.
Looking at the Technical Indicators
Major Support Level: $39.66
Major Resistance Level: $41.03
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen rose by 0.24% on Tuesday. Partially reversing a 5.32% slide from Monday, Stellar’s Lumen ended the day at $0.045079.
A bearish start to the day saw Stellar’s Lumen slide to a mid-morning intraday low $0.0447 before finding support.
Steering clear of the first major support level at $0.04391, Stellar’s Lumen bounced back to an early afternoon intraday high $0.045742.
Falling short of the first major resistance level at $0.04685, Stellar’s Lumen eased back late in the day to limit the upside.
At the time of writing, Stellar’s Lumen was flat at $0.045080. Another range-bound start to the day saw Stellar’s Lumen fall to an early morning low $0.044989 before striking a high $0.04508.
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 $0.4517 levels to support a run at the first major resistance level at $0.04565.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.04508.
Barring a broad-based crypto rally, however, the resistance at $0.045 levels would likely pin Stellar’s Lumen back on the day.
Failure to move through to $0.04517 levels could see Stellar’s Lumen slide back into the red.
A fall through the morning low $0.044989 would bring the first major support level at $0.04461 into play.
Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of the second major support level at $0.04413.
Looking at the Technical Indicators
Major Support Level: $0.04461
Major Resistance Level: $0.04565
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 1.15% on Tuesday. Following on from an 8.63% tumble on Monday, Tron’s TRX ended the day at $0.013646.
A mixed start to the day saw Tron’s TRX fall to an early morning low $0.013430 before striking an early afternoon intraday high $0.013856.
Falling well short of the first major resistance level at $0.01523, Tron’s TRX slid to a late afternoon intraday low $0.013202.
Steering clear of the first major support level at $0.01293, Tron’s TRX recovered to $0.01360 levels to limit the loss on the day.
At the time of writing, Tron’s TRX was down by 1.10% to $0.013496. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.013601 to a low $0.013368.
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 $0.013570 levels to support a move through the first major resistance level at $0.013930.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.013601.
Barring an extended crypto rally, the first major resistance level would likely limit any upside later in the day.
Failure to move through to $0.013570 levels could see Tron’s TRX fall deeper into the red.
A fall back through the morning low $0.013368 would bring the first major support level at $0.013280 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: $0.01328
Major Resistance Level: $0.01422
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
