Litecoin

Litecoin rallied by 5.87% on Monday. Reversing a 1.31% loss from Sunday, Litecoin ended the day at $44.03.

A mixed start to the day saw Litecoin fall to an early morning intraday low $41.53 before making a move.

Steering clear of the first major support level at $40.82, Litecoin rallied to a late afternoon high $44.22.

Litecoin broke through the first major resistance level at $42.29 and the second major resistance level at $42.99.

Coming within range of the third major resistance level at $44.46, Litecoin eased back to $43.3 levels before steadying.

At the time of writing, Litecoin was down by 0.11% to $43.98. A mixed start to the day saw Litecoin rise to an early morning high $44.46 before falling to a low $43.89.

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

For the day ahead

Litecoin would need to avoid a fall through the $43.28 pivot to support a run at the first major resistance level at $45.03.

Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $44.28.

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

Failure to avoid a fall through the $43.28 pivot would bring the first major support level at $42.28 into play.

Barring an extended crypto sell-off, however, Litecoin should continue to steer clear of sub-$40 levels. The second major support level at $40.53 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $42.28

Major Resistance Level: $45.03

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen rallied by 6.86% on Monday. Reversing a 0.95% decline from Sunday, Stellar’s Lumen ended the day at $0.071851.

A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.066712 before finding support.

Steering clear of the first major support level at $0.065650, Stellar’s Lumen rallied to a late intraday high $0.072022.

Stellar’s Lumen broke through the day’s major resistance levels before easing back to sub-$0.072 levels.

The third major resistance level at $0.07191 pinned Stellar’s Lumen back late in the day.

At the time of writing, Stellar’s Lumen was up by 0.08% to $0.071911. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.07178 to a high $0.072057.

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 $0.070 pivot to support a run at the first major resistance level at $0.07368.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.072022.

Barring another broad-based crypto rally, the first major resistance level at $0.07368 would likely limit any upside.

Failure to avoid a fall through the $0.070 pivot could see Stellar’s Lumen struggle throughout the day.

A pullback through to sub-$0.070 levels would bring the first major support level at $0.06837 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.06489.

Looking at the Technical Indicators

Major Support Level: $0.06837

Major Resistance Level: $0.07368

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 rallied by 6.53% on Monday. Following on from a 0.79% gain on Sunday, Tron’s TRX ended the day at $0.018089.

It was a particularly bullish day. Tron’s TRX rallied from an early morning intraday low $0.016980 to a late afternoon high $0.018161.

Steering well clear of the major support levels, Tron’s TRX broke through the day’s major resistance levels before easing back.

The ease back saw Tron’s TRX fall back through the third major support level at $0.01807 to $0.0176 levels. Finding late support, however, Tron’s TRX struck a final hour intraday high $0.018184.

Tron’s TRX broke back through the third major resistance level at $0.01807 to wrap up the day at $0.018 levels.

At the time of writing, Tron’s TRX was down by 1.30% to $0.017854. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.018150 before falling to a low $0.017854.

Tron’s TRX left the major support and resistance levels untested early on.

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the $0.01775 pivot level to support a run at the first major resistance level at $0.01852.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.018184.

Barring an extended crypto rally, the first major resistance level at $0.01852 would likely cap any upside.

Failure to avoid a fall through the $0.01775 pivot level would the first major support level at $0.01732 into play.

Barring an extended crypto sell-off, Tron’s TRX should steer well clear of sub-$0.017 support levels.

Looking at the Technical Indicators

Major Support Level: $0.01732

Major Resistance Level: $0.01852

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

More From FXEMPIRE:

(Excerpt) Read more Here | 2020-07-06 23:29:32
Image credit: source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.