Litecoin

Litecoin fell by 2.21% on Sunday. Partially reversing an 11.43% rally from Saturday, Litecoin ended the week up by 12.77% to $48.14.

It was a mixed start to the day. Litecoin fell to an early morning low $48.08 before striking a late morning intraday high $50.79.

Falling short of the first major resistance level at $51.22, Litecoin fell to a late morning intraday low $47.64.

Steering clear of the first major support level at $45.67, Litecoin recovered to $48 levels to limit the downside.

At the time of writing, Litecoin was up by 0.98% to $48.61. A mixed start to the day saw Litecoin fall to an early morning low $48.02 before striking a high $48.72.

Litecoin left the major support and resistance levels untested early in the day.

For the day ahead

Litecoin would need to move through the $48.86 pivot to support a run at the first major resistance level at $50.07.

Support from the broader market would be needed, however, for Litecoin to break back through to $50 levels.

Barring another crypto rally, the first major resistance level and Sunday’s high $50.79 would likely cap any upside.

Failure to move through the $48.86 pivot would bring the first major support level at $46.92 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$46 levels. The second major support level sits at $45.71.

Looking at the Technical Indicators

First Major Support Level: $46.92

First Major Resistance Level: $50.07

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 1.42% on Sunday. Partially reversing a 4.71% gain from Saturday, Stellar’s Lumen ended the week down by 0.99% to $0.09935.

It was a mixed start to the day. Stellar’s Lumen fell to an early morning low $0.09946 before striking a late morning intraday high $0.1058.

Stellar’s Lumen broke through the first major resistance level at $0.10286 and the second major resistance level at $0.10491.

Bearish through the remainder of the day, however, Stellar’s Lumen slid to a late intraday low $0.097719.

Steering clear of the first major support level at $0.09714, Stellar’s Lumen recovered to $0.099 levels to limit the loss.

At the time of writing, Stellar’s Lumen was down by 1.12% to $0.098239. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.09979 before falling to a low $0.098080.

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 $0.10096 pivot to support a run at the first major resistance level at $0.10419.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.1010 levels.

Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $0.10580 would likely limit any upside.

Failure to move through the $0.10096 pivot would bring the first major support level at $0.09611 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of second major support level sits at $0.09288.

Looking at the Technical Indicators

First Major Support Level: $0.09611

First Major Resistance Level: $0.10419

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX fell by 0.99% on Sunday. Partially reversing a 3.98% gain from Saturday, Tron’s TRX ended the week up by 5.73% to $0.018585.

It was a mixed start to the day. Tron’s TRX fell to an early morning low $0.018557 before striking a late morning intraday high $0.019392.

Tron’s TRX broke through the first major resistance level at $0.01908 and the second major resistance level at $0.01936.

A late morning sell-off, however, saw Tron’s TRX slide to a mid-day intraday low $0.018339.

Steering clear of the first major support level at $0.01828, Tron’s TRX revisited $0.01870 levels before easing back.

At the time of writing, Tron’s TRX was up by 0.51% to $0.018680. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.018557 before rising to a high $0.018714.

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 $0.01877 pivot level to support a run at the first major resistance level at $0.01921.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.019 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.019392 would likely cap any upside.

Failure to move through the $0.01877 pivot level would bring the first major support level at $0.01815 into play.

Barring an extended crypto sell-off, Tron’s TRX should steer clear of sub-$0.018 levels. The second major support level sits at $0.01772.

Looking at the Technical Indicators

First Major Support Level: $0.01815

First Major Resistance Level: $0.01921

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Thanks, Bob

This article was originally posted on FX Empire

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(Excerpt) Read more Here | 2020-07-26 23:20:43
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