A move back through the early morning highs would signal another breakout later in the day. Resistance levels will likely limit an upside, however.
Litecoin slid by 2.51% on Tuesday. Following on from a 0.40% fall from Monday, Litecoin ended the day at $67.84.
A bullish start to the day saw Litecoin rise to an early morning intraday high $70.46 before hitting reverse.
Falling short of the first major resistance level at $72.24, Litecoin slid to a mid-day intraday low $66.51.
The reversal saw Litecoin fall through the first major support level at $67.53 before recovering to $68 levels.
Late in the day, Litecoin fell back through the first major support level to $66 levels for a 2nd time before wrapping up the day at $67 levels.
At the time of writing, Litecoin was up by 0.25% to $68.01. A mixed start to the day saw Litecoin rise to an early morning high $68.48 before falling to a low $67.43.
Litecoin left the major support and resistance levels untested early on.
Litecoin would need to move back through to $68.30 levels to support another run at the first major resistance level at $70.03.
Support from the broader market would be needed, however, for Litecoin to breakout from the morning high $68.48.
Barring an extended crypto rally, first major resistance level and Tuesday’s high $70.46 would likely limit any upside.
In the event of another crypto breakout, the second major resistance level at $72.22 would likely come into play.
Failure to break back through to $68.30 levels could see Litecoin hit reverse.
A fall back through the morning low $67.43 would bring the first major support level at $66.08 into play.
Barring a crypto meltdown, however, Litecoin should steer clear of sub-$66 and the second major support level at $64.32.
Major Support Level: $66.08
Major Resistance Level: $70.03
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen rallied by 3.99% on Tuesday. Following on from a 1.61% gain on Monday, Stellar’s Lumen ended the day at $0.066442.
A bearish start to the day saw Stellar’s Lumen fall to an early afternoon intraday low $0.061513 before making a move.
Stellar’s Lumen fell through the first major support level at $0.06271 before striking an early evening intraday high 0.068408.
The rally saw Stellar’s Lumen break through the first major resistance level at $0.06585 and second major resistance level at $0.06742 before falling back to $0.06556 levels.
Finding support late in the day, Stellar’s Lumen broke back through the first major resistance level to wrap up the day at $0.066 levels.
At the time of writing, Stellar’s Lumen was up by 0.84% to $0.067000. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.067069 before falling to a low $0.066463.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move back through the morning high $0.067430 levels to support a run at the first major resistance level at $0.06940.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the Tuesday’s high $0.068408.
Barring an extended crypto rally, the resistance at $0.068 would likely leave Stellar’s Lumen short of the first major resistance level.
Failure to move through the morning high could see Stellar’s Lumen hit reverse.
A fall back through to sub-$0.06545 levels would bring the first major support level at $0.06250 into play.
Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of sub-$0.065 levels.
Major Support Level: $0.06250
Major Resistance Level: $0.06940
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX fell by 0.60% on Tuesday. Partially reversing a 1.05% gain from Monday, Tron’s TRX ended the day at $0.019264.
A mixed start to the day saw Tron’s TRX rise to an early morning high $0.01940 before sliding to an early afternoon intraday low $0.018412.
The sell-off saw Tron’s TRX fall through the first major support level at $0.01887 and second major support level at $0.01846.
Finding support late on, Tron’s TRX rallied to a late afternoon intraday high $0.019462 before easing back into the red.
Falling short of the first major resistance level at $0.01970, Tron’s TRX fell back to $0.01915 levels before wrapping up the day at $0.0192 levels.
At the time of writing, Tron’s TRX was up by 1.67% to $0.019585. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.019270 before striking a high $0.019587.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to move back through the morning high $0.019587 to support a run at the first major resistance level at $0.01968.
Support from the broader market would be needed, however, for Tron’s TRX to break through to $0.01960 levels.
Barring a broad-based crypto rally, the first major resistance at $0.01968 would likely limit any upside on the day.
Failure to move through the morning high $0.019587 levels could see Tron’s TRX struggle later in the day.
A fall back through the morning low $0.019270 to sub-$0.01910 levels would bring the first major support level at $0.01863 into play.
Barring a crypto meltdown, however, Tron’s TRX should steer clear of the second major support level at $0.01800.
Major Support Level: $0.01863
Major Resistance Level: $0.01968
23.6% FIB Retracement Level: $0.0322
38.2% FIB Retracement Level: $0.0452
62% FIB Retracement Level: $0.0663
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Thanks, Bob
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.