FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
40,625,427Confirmed
1,122,706Deaths
30,338,643Recovered
Fetching Location Data…
Advertisement
Advertisement
Bob Mason
Depositphotos_166797044_s-2019

Litecoin

Litecoin rose by 2.09% on Monday. Partially reversing 4.08% slide from Sunday, Litecoin ended the day at $42.96.

A bearish start to the day saw Litecoin fall to an early morning intraday low $41.76 before finding support.

Steering clear of the first major support level at $41.21, Litecoin rose to a late morning intraday high $43.31.

Falling short of the first major resistance level at $43.73, Litecoin fell back to $42 levels going into the afternoon.

A late afternoon return to $43 levels was brief, with Litecoin wrapping up the day at $42 levels.

At the time of writing, Litecoin was down by 0.79% to $42.62. A mixed start to the day saw Litecoin rise to an early morning high $43.07 before falling to a low $42.35.

Litecoin left the major support and resistance levels untested early on.

LTC/USD 26/05/20 Daily Chart

For the day ahead

Litecoin would need to move back through to $42.70 levels to bring the first major resistance level at $43.59 into play.

Support from the broader market would be needed, however, for Litecoin to breakout from Monday’s high $43.31.

Barring an extended crypto rally, the first major resistance level would likely limit any upside.

Failure to move back through to $42.70 levels could see Litecoin fall deeper into the red.

A fall back through the morning low $42.35 would bring the first major support level at $42.04 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $41.13.

Advertisement

Looking at the Technical Indicators

Major Support Level: $42.04

Major Resistance Level: $43.59

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen rallied by 3.26% on Monday. Partially reversing a 4.74% slide from Sunday, Stellar’s Lumen ended the day at $0.066044.

A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.063783 before making a move.

Steering clear of the first major support level at $0.06249, Stellar’s Lumen rose to an early evening intraday high $0.066240 before.

Falling short of the first major resistance level at $0.06684 Stellar’s Lumen wrapped up the day at $0.066 levels.

At the time of writing, Stellar’s Lumen was up by 0.52% to $0.066385. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.066042 to a high $0.066385.

Stellar’s Lumen left the major support and resistance levels untested early on.

XLM/USD 26/05/20 Daily Chart

For the day ahead

Stellar’s Lumen would need to avoid sub-$0.06540 levels to bring the first major resistance level at $0.06693 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.066385.

Barring a broad-based crypto rally, the first major resistance level would likely limit any upside.

Failure to avoid sub-$0.06540 levels could see Stellar’s Lumen give up Monday’s gains.

A fall through to sub-$0.06540 levels would bring the first major support level at $0.06447 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06290.

Looking at the Technical Indicators

Major Support Level: $0.06447

Major Resistance Level: $0.06693

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX rallied by 3.83% on Monday. Partially reversing a 5.15% slide from Sunday, Tron’s TRX ended the day at $0.014710.

A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.014117 before finding support.

Steering clear of the first major support level at $0.01383, Tron’s TRX rose to a final hour intraday high $0.014710.

In spite of the support throughout the day, Tron’s TRX came up short of the first major resistance level at $0.01493.

At the time of writing, Tron’s TRX was down by 1.01% to $0.014561. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.014709 to a low $0.014561.

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

TRX/USD 26/05/20 Daily Chart

For the Day Ahead

Tron’s TRX would need to avoid sub-$0.01450 levels to support a run at the first major resistance level at $0.01491.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Monday’s high $0.014710.

Barring a broad-based crypto rally, the first major resistance level would likely limit any upside.

Failure to avoid sub-$0.01450 levels could see Tron’s TRX fall deeper into the red.

A fall through to sub-$0.01450 levels would bring the first major support level at $0.01431 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.01392.

Looking at the Technical Indicators

Major Support Level: $0.01431

Major Resistance Level: $0.01491

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

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

Trade With A Regulated Broker

  • Your capital is at risk
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US