It's a mixed start to the day for the majors. Failure to break back through Monday's highs could lead to a day in the red.
Litecoin fell by 1.13% on Monday. Following on from a 15.51% tumble on Sunday, Litecoin ended the day at $50.53.
A mixed start to the day saw Litecoin rise to an early morning intraday high $52.51 before hitting reverse.
Falling short of the first major resistance level at $57.63, Litecoin fell to a mid-afternoon intraday low $46.61.
Litecoin fell through the first major support level at $47.58 before recovering to $50 levels.
At the time of writing, Litecoin was down by 0.22% to $50.42. A mixed start to the day saw Litecoin fall to an early morning low $50.00 before striking a high $50.94.
Litecoin left the major support and resistance levels untested early on.
Litecoin would need to move through the morning high $50.94 to support a run the first major resistance level at $53.16.
Support from the broader market would be needed, however, for Litecoin to break out from this Monday’s high $52.51.
Barring an extended crypto rally, resistance at $52 would likely leave Litecoin short of the first major resistance level.
Failure to move through the morning high could see Litecoin fall deeper into the red.
A fall back through to sub-$50 levels would bring the first major support level at $47.26 into play.
Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$45 support levels.
Major Support Level: $47.26
Major Resistance Level: $53.16
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen rallied by 4.73% on Monday. Partially reversing a 15.07% tumble from Sunday, Stellar’s Lumen ended the day at $0.052386.
A choppy start to the day saw Stellar’s Lumen fall to a mid-morning low $0.048576 before finding support.
Steering clear of the first major support level at $0.04679, Stellar’s Lumen struck a late morning high $0.052246.
Falling well short of the first major resistance level at $0.05564, Stellar’s Lumen slid to a mid-afternoon intraday low $0.047837.
Steering clear of the first major support level at $0.04679, Stellar’s Lumen struck a final hour intraday high $0.052386. While wrapping up the day at $0.052 levels, Stellar’s Lumen fell short of the first major resistance level at $0.05564.
At the time of writing, Stellar’s Lumen was down by 0.36% to $0.05220. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.051944 before striking a high $0.052423.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move through to 0.05240 levels to support a run at the first major resistance level to $0.05390.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.052386.
Barring a broad-based crypto rebound, resistance at $0.052 would likely limit any upside on the day.
Failure to move through to $0.05240 levels could see Stellar’s Lumen fall deeper into the red
A fall back through the morning low $0.051944 to sub-$0.051 levels would bring the first major support level at $0.04935 into play.
Barring a broad-based crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.048 support levels.
Major Support Level: $0.04935
Major Resistance Level: $0.05390
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX rose by 2.97% on Monday. Partially reversing a 13.74% tumble from Sunday, Tron’s TRX ended the day at $0.015136.
A mixed start to the day saw Tron’s TRX fall to a mid-morning low $0.014280 before making a move.
Steering clear of the major support levels, Tron’s TRX struck a late morning intraday high $0.015350.
Falling short of the first major resistance level at $0.01627, Tron’s TRX fell back to a mid-afternoon intraday low $0.014097.
Steering clear of the first major support level at $0.01385, Tron’s TRX bounced back to wrap up the day at $0.0150 levels.
At the time of writing, Tron’s TRX was down by 0.54% to $0.015054. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.014956 before striking a high $0.015169.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to move through to $0.01520 levels to support another run at the first major resistance level at $0.01563.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the Monday’s high $0.015350.
Barring an extended crypto rally, the first major resistance at $0.01563 would likely cap any upside on the day.
Failure to move through to $0.01520 levels could see Tron’s TRX fall deeper into the red.
A fall back through the morning low to sub-$0.01490 levels would bring the first major support level at $0.01437 into play.
Barring an extended crypto sell-off, however, Tron’s TRX should steer sub-$0.014 levels on the day.
Major Support Level: $0.01437
Major Resistance Level: $0.01563
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
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.