Litecoin

Litecoin rose by 0.30% on Wednesday. Following on from a 0.23% gain on Tuesday, Litecoin ended the day at $44.02.

It was a mixed start to the day. Litecoin fell to an early morning low $43.43 before rallying to an early afternoon intraday high $45.05.

Litecoin broke through the first major resistance level at $44.27 and second major resistance level at $44.69 before hitting reverse.

The reversal saw Litecoin slide to a late intraday low $42.97 before bouncing back to $44 levels and into the green.

Falling through the first major support level at $43.38, Litecoin found support at the second major support level at $42.91.

At the time of writing, Litecoin was up by 0.14% to $44.08. A mixed start to the day saw Litecoin fall to an early morning low $43.90 before striking a high $44.09.

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

For the day ahead

Litecoin would need to avoid a fall back through the $44 pivot to support a run at the first major resistance level at $45.06.

Support from the broader market would be needed, however, for Litecoin to break back through to $45 levels.

Barring broad-based crypto rebound, the first major resistance level and Wednesday’s high $45.05 would likely cap any upside.

Failure to avoid a fall through the $44 pivot could see Litecoin struggle on the day.

A fall back through the morning low $43.90 would bring the first major support level at $42.98 into play.

In the event of another extended crypto sell-off, Litecoin should steer clear of sub-$42 levels. The second major support level sits at $41.93.

Looking at the Technical Indicators

Major Support Level: $42.98

Major Resistance Level: $45.06

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 0.91% on Wednesday. Following on from a 1.24% gain on Tuesday, Stellar’s Lumen ended the day at $0.071769.

It was a choppy day for Stellar’s Lumen and the broader market. Stellar’s Lumen fell to an early morning low $0.070303 before making a move.

Steering clear of the first major support level at $0.06985, Stellar’s Lumen rallied to an early afternoon intraday high $0.074263.

Stellar’s Lumen broke through the first major resistance level at $0.0719 and the second major resistance level at $0.07297.

A late sell-off, however, saw Stellar’s Lumen slide to an intraday low $0.069801 before rebounding.

Finding support at the first major support level at $0.06985, Stellar’s Lumen bounced back to a high $0.071875 before easing back.

The first major resistance level at $0.07190 pinned Stellar’s Lumen back late in the day.

At the time of writing, Stellar’s Lumen was up by 0.16% to $0.071883. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.071779 before rising to a high $0.071883.

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 $0.07194 pivot to support a run at the first major resistance level at $0.07409.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.074 levels.

Barring a broad-based crypto rally, the first major resistance level and Wednesday’s high $0.074263 would likely limit any upside.

Failure to move through the $0.07194 pivot could see Stellar’s Lumen struggle throughout the day.

A fall through to sub-$0.070 levels would the first major support level at $0.06963 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06748.

Looking at the Technical Indicators

Major Support Level: $0.06963

Major Resistance Level: $0.07409

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 rose by 1.00% on Wednesday. Following on from a 0.06% gain on Tuesday, Tron’s TRX ended the day at $0.016240.

It was a mixed start to the day. Tron’s TRX fell to an early morning low $0.016007 before making a move.

Finding support at the first major support level at $0.01601, Tron’s TRX rallied to an early afternoon intraday high $0.016460.

Tron’s TRX broke through the first major resistance level at $0.01629 before hitting reverse.

Coming up against the second major resistance level at $0.01642, Tron’s TRX slid to a late intraday low $0.015879.

The sell-off saw Tron’s TRX fall through the first major support level at $0.01601 before recovering.

Finding support at the second major support level at $0.01586, Tron’s TRX bounced back to a high $0.016240.

At the time of writing, Tron’s TRX was down by 0.10% to $0.016223. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.016223 to a low $0.016204.

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 through the $0.01620 pivot to support a run at the first major resistance level at $0.01651.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.01640 levels.

Barring a broad-based crypto rally, the first major resistance level and Wednesday’s high $0.01646 would likely cap any upside.

Failure to avoid a fall through the $0.01620 pivot would bring the first major support level at $0.01593 into play.

In the event of an extended crypto sell-off, Tron’s TRX would likely test the second major support level at $0.01561 before any recovery.

Looking at the Technical Indicators

Major Support Level: $0.01593

Major Resistance Level: $0.01651

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 | 2020-06-17 23:32:11
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