It's a bullish start to the day as the majors find further support following Tuesday's gains. A move back through early highs would bring resistance levels into play.
Litecoin rose by 2.4% on Tuesday. Partially reversing an 8% slide from Monday, Litecoin ended the day at $34.17.
A bullish start to the day saw Litecoin rise from an early morning intraday low $32.58 to a mid-morning intraday high $36.05.
Falling short of the first major resistance level at $36.68, Litecoin fell back to an early afternoon low $33.12.
Finding support from the broader, market, Litecoin recovered to $35 levels before a final hour pullback.
At the time of writing, Litecoin was up by 1.29% to $34.61. A mixed start to the day saw Litecoin fall to an early morning low $34.02 before striking a high $34.81.
Litecoin left the major support and resistance levels untested early on.
Litecoin would need to move through to $35 levels to support a run the first major resistance level at $35.95.
Support from the broader market would be needed, however, for Litecoin to break out from the morning high $34.81.
Barring an extended crypto rally, the first major resistance at $35.95 would likely limit any upside on the day.
Failure to move through to $35 levels could see Litecoin hit reverse.
A fall back through to sub-$34.30 levels would bring the first major support level at $32.48 into play.
Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$30 levels.
The second major support level at $32.48 would likely limit any downside.
Major Support Level: $32.48
Major Resistance Level: $35.95
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen rose by 4.43% on Tuesday. Partially reversing a 5.82% fall from Monday, Stellar’s Lumen ended the day at $0.037198.
A bullish start to the day saw Stellar’s Lumen rise from an early morning intraday low $0.035431 to an early morning intraday high $0.038231.
Falling short of the first major resistance level at $0.03851, Stellar’s Lumen fell back to an afternoon low $0.035754.
Finding support from the broader market, Stellar’s Lumen recovered to $0.038 levels before a final hour pullback.
At the time of writing, Stellar’s Lumen was up by 1.68% to $0.037823. A mixed start to the day saw Stellar’s Lumen fall to a morning low $0.037354 before striking a high $0.037864.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move back through to $0.038 levels to support a run at the first major resistance level to $0.03848.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.038231.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through to $0.038 levels could see Stellar’s Lumen give up the morning gains.
A fall back through the morning low to sub-$0.037 levels would bring the first major support level at $0.03568 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.035 levels.
Major Support Level: $0.03568
Major Resistance Level: $0.03848
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX rose by 4.43% on Tuesday. Partially reversing a 6.07% slide from Monday, Tron’s TRX ended the day at $0.010082.
A bullish start to the day saw Tron’s TRX rally from an early morning intraday low $0.009566 to a mid-morning intraday high $0.010425.
Falling short of the first major resistance level at $0.01050, Tron’s TRX fell back to sub-$0.010 levels before finding support.
Tron’s TRX recovered to $0.01030 levels before a final hour pullback. In spite of the pullback, Tron’s TRX managed to hold onto $0.010 levels.
At the time of writing, Tron’s TRX was up by 1.63% to $0.010246. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.010022 before striking a high $0.010246.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to move back through to $0.01020 levels to support a run at the first major resistance level at $0.01048.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.010246.
Barring an extended crypto rally, the first major resistance at $0.01048 would likely cap any upside.
Failure to move through to $0.01020 levels could see Tron’s TRX struggle later in the day.
A fall through the morning low to sub-$0.010 levels would bring the first major support level at $0.00962 into play.
Barring another crypto meltdown, however, Tron’s TRX should steer clear of the second major support level at $0.00917.
Major Support Level: $0.00962
Major Resistance Level: $0.01048
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.