FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
19,115,986Confirmed
713,901Deaths
12,258,913Recovered
Fetching Location Data…
Advertisement
Advertisement
Bob Mason
Cryptocurrency trading screen, Bitcoin exchange screen of tradin

Litecoin

Litecoin rose by 0.39% on Sunday. Partially reversing a 2.68% slide from Saturday, Litecoin ended the week down by 4.80% to $43.41.

A bearish start to the day saw Litecoin slide to an early morning intraday low $42.88 before finding support.

Steering clear of the first major support level at $42.75, Litecoin bounced back to a mid-afternoon intraday high $44.04.

Falling short of the first major resistance level at $44.19, Litecoin fell back to $43.2 levels before finding late support to end the day in the green.

At the time of writing, Litecoin was down by 1.34% to $42.83. A bearish start to the day saw Litecoin slide from an early morning high $43.51 to a low $42.73.

Steering clear of the major resistance levels, Litecoin fell through the first major support level at $42.85.

For the day ahead

A move through the first major support level at $42.85 to $43.45 levels would support another day in the green.

Litecoin would need the support of the broader market, however, to take a run at the first major resistance level at $44.01.

Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $44.04 would likely limit any upside.

Failure to move through to $43.45 levels could see Litecoin slide deeper into the red.

A fall back through the morning low $42.73 would bring the second major support level at $42.28 into play.

Barring an extended sell-off, however, Litecoin should steer clear of the third major support level at $41.12.

Advertisement

Looking at the Technical Indicators

Major Support Level: $42.85

Major Resistance Level: $44.01

23.6% FIB Retracement Level: $67

38.2% FIB Retracement Level: $82

62% FIB Retracement Level: $107

Stellar’s Lumen

Stellar’s Lumen rose 0.38% on Sunday. Partially reversing a 3.46% slide from Saturday, Stellar’s Lumen ended the week down 9.03% to $0.05110.

A bearish start to the day saw Stellar’s Lumen fall to a mid-morning intraday low $0.050654 before finding support.

Steering clear of the first major support level at $0.05042, Stellar’s Lumen recovered to an early afternoon intraday high $0.051624.

Falling short of the first major resistance level at $0.05234, Stellar’s Lumen eased back to $0.051 levels to limit the upside on the day.

At the time of writing, Stellar’s Lumen was down by 0.8% to $0.050687. A mixed start to the day saw Stellar’s Lumen rose to an early morning high $0.051101 before falling to a low $0.050687.

Steering clear of the major resistance levels, Stellar’s Lumen came within range of the first major support level at $0.05066.

For the day ahead

Stellar’s Lumen would need to move back through to $0.051 levels to support a run at the first major resistance level at $0.05158.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.051101.

Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $0.051624 would likely limit any upside.

Failure to move through to $0.051 levels could see Stellar’s Lumen struggle throughout the day.

A fall through the first major support level at $0.05066 would bring the second major support level at $0.05022 into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of sub-$0.050 levels.

Looking at the Technical Indicators

Major Support Level: $0.0507

Major Resistance Level: $0.0516

23.6% FIB Retracement Level: $0.1114

38% FIB Retracement Level: $0.1484

62% FIB Retracement Level: $0.2082

Tron’s TRX

Tron’s TRX rose by 0.86% on Saturday. Partially reversing a 1.80% slide from Saturday, Tron’s TRX ended the week down by 5.14% to $0.01400.

A choppy start to the day saw Tron’s TRX fall to an early morning intraday low $0.0138 before finding support.

Steering clear of the first major support level at $0.01353, Tron’s TRX recovered to a mid-morning intraday high $0.014083.

Falling short of the first major resistance level at $0.01451, Tron’s TRX fell back to sub-$0.0140 levels before finding late support to end the day in the green.

At the time of writing, Tron’s TRX was down by 0.71% to $0.01390. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.0140 to a low $0.013899.

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

For the Day Ahead

Tron’s TRX would need to move back through to $0.0140 levels to support a run at the first major resistance level at $0.01412.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.0140.

Barring a broad-based crypto rebound, the first major resistance level and Sunday’s high $0.014083 would likely cap any upside.

Failure to move back through to $0.0140 levels could see Tron’s TRX slide deeper into the red.

A fall back through the morning low $0.013899 would bring the first major support level at $0.01384 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.01380 levels.

Looking at the Technical Indicators

Major Support Level: $0.01410

Major Resistance Level: $0.01450

23.6% FIB Retracement Level: $0.0663

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0322

Please let us know what you think in the comments below

Thanks, Bob

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk