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Bob Mason
Bitcoin and Litecoin over dollar banknotes.

Litecoin

Litecoin rallied by 4.19% on Monday. Following on from a 5.51% breakout on Sunday, Litecoin ended the day at $58.44.

A mixed start to the day saw Litecoin rise to $57 levels before falling back to a late morning intraday low $55.83.

Steering clear of the first major support level at $53.71, Litecoin rallied to a mid-afternoon intraday high $59.53.

Litecoin broke through the first major resistance level at $57.49 and second major resistance level at $58.90 before easing back.

At the time of writing, Litecoin was up by 3.78% to $60.65. A particularly bullish start to the day saw Litecoin rally from an early morning low $58.47 to a high $60.95.

Litecoin broke through the first major resistance level at $60.05 early.

For the day ahead

Litecoin would need to break through to $61 levels to support a run at the second major resistance level at $61.66.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $60.95.

Barring an extended crypto rally, resistance at $61 would likely limit any upside. In the event of another crypto breakout, the 23.6% FIB of $62 could come into play later in the day.

Failure to move through to $61 levels would likely see Litecoin come under pressure.

A fall back through the morning low $58.47 to sub-$58 levels would bring the first major support level at $56.31 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$56 levels on the day.

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Looking at the Technical Indicators

Major Support Level: $56.31

Major Resistance Level: $60.05

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen rose by 1.87% on Monday. Following on from a 4.18% rally on Sunday, Stellar’s Lumen ended the day at $0.059695.

Tracking the broader market, Stellar’s Lumen fell to a late morning intraday low $0.058045 before making a move.

Steering clear of the first major support level at $0.05662, Stellar’s Lumen rallied to a late afternoon intraday high $0.06100.

Stellar’s Lumen broke through the first major resistance level at $0.05947 and the second major resistance level at $0.05947.

A late pullback saw Stellar’s Lumen wrap up the day at sub-$0.060 levels.

At the time of writing, Stellar’s Lumen was up by 1.27% to $0.060453. A bullish start to the day saw Stellar’s Lumen rally from an early morning low $0.059914 to a high $0.060651.

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

For the day ahead

Stellar’s Lumen would need to break back through to Monday’s high $0.0610 to support a run at the first major resistance level at $0.06112.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.060651.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.0610 should limit any upside.

Failure to move back through to Monday’s high $0.061 could see Stellar’s Lumen hit reverse.

A fall through to sub-$0.05960 levels would bring the first major support level at $0.05816 into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer well clear of sub-$0.058 levels.

Looking at the Technical Indicators

Major Support Level: $0.05816

Major Resistance Level: $0.06112

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 rose by 1.09% on Monday. Following on from a 4.32% rally on Sunday, Tron’s TRX ended the day at $0.017113.

A mixed start to the day saw Tron’s TRX rise to an early morning high 0.017065.  Coming up against the first major resistance level at $0.01707, Tron’s TRX fell to a late morning intraday low $0.016765.

Steering clear of the first major support level at $0.01633, Tron’s TRX rallied to a mid-afternoon intraday high $0.017340.

Tron’s TRX broke back through the first major resistance level to come up against the second major resistance level at $0.01732.

In spite of easing back late in the day, Tron’s TRX held above the first major resistance level until the day end.

At the time of writing, Tron’s TRX was up by 1.81% to $0.017422. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.017144 to a high $0.017493.

Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.01738.

For the Day Ahead

Tron’s TRX would need to move through to $0.01750 levels to support a run at the second major resistance level at $0.017650.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.017493.

Barring an extended crypto rally, first major resistance level, and Monday’s high would likely pin Tron’s TRX back.

Failure to move through to $0.01750 levels could see Tron’s TRX hit reverse.

A fall back through the morning low $0.017144 to sub-$0.01710 levels would bring the first major support level at $0.01681 into play.

Barring a crypto meltdown, however, Tron’s TRX should steer clear of the second major support level at $0.01650 on the day.

Looking at the Technical Indicators

Major Support Level: $0.01681

Major Resistance Level: $0.01738

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

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