It's a mixed start to the day as the majors look to recover from Monday's slide. Failure to make a late morning move could lead to another slide...
Litecoin fell by 3.13% on Monday. Partially reversing a 5.54% rally from Sunday, Litecoin ended the day at $40.61.
Tracking the broader market, Litecoin rose to an early morning high $42.57 before sliding to a mid-morning low $41.66.
Leaving the major support and resistance levels untested early on, Litecoin rallied to a mid-afternoon intraday high $42.69.
Falling short of the first major resistance level at $42.90, Litecoin slid to a late intraday low $40.23.
The sell-off saw Litecoin fall through the first major support level at $40.32 before moving back through to $40.60 levels.
At the time of writing, Litecoin was down by 0.32% to $40.48. A range-bound start to the day saw Litecoin rise to an early morning high $40.68 before falling to a low $40.36.
Litecoin left the major support and resistance levels untested early on.
Litecoin would need to move through to $41.20 levels to support a run at the first major resistance level at $42.12.
Support from the broader market would be needed, for Litecoin to break through to $41.0 levels.
Barring an extended crypto rally, however, resistance at $42 would likely cap any upside on the day.
Failure to move through to $41.20 levels could see Litecoin slide deeper into the red.
A fall back through the morning low $40.36 would bring the first major support level at $39.66 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$39 levels and the second major support level at $38.72.
Major Support Level: $39.66
Major Resistance Level: $42.12
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen slid by 5.32% on Monday. Reversing a 3.99% gain from Sunday, Stellar’s Lumen ended the day at $0.044975.
A bullish start to the day saw Stellar’s Lumen strike an early morning intraday high $0.047655 before hitting reverse.
Falling short of the first major resistance level at $0.04796, Stellar’s Lumen slid to a late intraday low $0.044722.
Stellar’s Lumen fell through the first major support level at $0.04612 and the second major support level at $0.04490.
Finding support late on, Stellar’s Lumen managed to move back through the second major support level.
At the time of writing, Stellar’s Lumen was up by 0.07% to $0.045005. Range-bound early on, Stellar’s Lumen rose from an early morning low $0.044960 to a high $0.045020.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move through to $0.4578 levels to support a run at the first major resistance level at $0.04685.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.045 levels.
Barring a broad-based crypto rally, however, the resistance at $0.046 levels would likely pin Stellar’s Lumen back from Monday’s high $0.047655.
Failure to move through to $0.04578 levels could see Stellar’s Lumen slide back into the red.
A fall through the morning low $0.04496 would bring the first major support level at $0.04391 into play.
Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of sub-$0.043 levels.
Major Support Level: $0.04391
Major Resistance Level: $0.04685
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX tumbled by 8.63% on Monday. Partially reversing a 9.9% rally from Sunday, Tron’s TRX ended the day at $0.01370
A bullish start to the day saw Tron’s TRX strike an early morning intraday high $0.01600 before hitting reverse.
Tron’s TRX broke through the first major resistance level at $0.01543 and the second major resistance level at $0.01594.
Bearish through the rest of the day, Tron’s TRX tumbled to a late intraday low $0.01370.
The reversal saw Tron’s TRX fall through the first major support level at $0.01399.
At the time of writing, Tron’s TRX was down by 0.1% to $0.013686. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.013825 to a low $0.013430.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to move through to $0.01447 levels to support a move through the first major resistance level at $0.01523.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.014 levels.
Barring an extended crypto rally, the first major resistance level would likely limit any upside later in the day.
Failure to move through to $0.01447 levels could see Tron’s TRX fall deeper into the red.
A fall back through the morning low $0.013430 would bring the first major support level at $0.01293 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.013 levels on the day.
Major Support Level: $0.01293
Major Resistance Level: $0.01523
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.