Litecoin
Litecoin fell by 1.88% on Monday. Reversing a 0.87% gain on Sunday, Litecoin ended the day at $42.23.
A bullish start to the day saw Litecoin rally to a mid-morning intraday high $44.02 before hitting reverse.
Litecoin broke through the first major resistance level at $43.85 before sliding to a mid-afternoon intraday low $41.72.
The reversal saw Litecoin fall through the first major support level at $42.18 before recovering to $42 levels.
At the time of writing, Litecoin was down by 0.33% to $42.09. A mixed start to the day saw Litecoin rise from an early morning low $41.99 to a high $42.56.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move back through to $42.70 levels to support a run at the first major resistance level at $43.59.
Support from the broader market would be needed for Litecoin to break back through to $43 levels.
Barring a crypto rebound, however, the first major resistance level would likely cap any upside.
Failure to move through the $42.70 could see Litecoin fall deeper into the red.
A fall back through the morning low $41.99 would bring the first major support level at $41.29 into play.
Barring an extended sell-off, however, Litecoin should steer clear the second major support level at $40.36.
Looking at the Technical Indicators
Major Support Level: $41.29
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 fell by 1.09% on Monday. Reversing a 1.21% gain from Sunday, Stellar’s Lumen ended the day at $0.04575.
A bullish start to the day saw Stellar’s Lumen rally to a late morning intraday high $0.046999.
Stellar’s Lumen came up against the first major resistance level at $0.04700 before sliding to a late afternoon intraday low $0.04555.
The reversal saw Stellar’s Lumen fall through the first major support level at $0.04593 before recovering to $0.046 levels.
A late pullback saw Stellar’s Lumen slide back through the first major support level ahead of the day end.
At the time of writing, Stellar’s Lumen was down by 0.30% to $0.045612. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.045554 before striking a high $0.045884.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move back through to $0.4610 levels to support a run at the first major resistance level at $0.04665.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.045884.
Barring a broad-based crypto rally, the first major resistance level at $0.04665 would likely pin Stellar’s Lumen back on the day.
Failure to move through to $0.04610 levels could see Stellar’s Lumen slide deeper into the red.
A fall through the morning low $0.045554 would bring the first major support level at $0.04520 into play.
Barring a crypto meltdown, however, Stellar’s Lumen should steer clear the second major support level at $0.04465.
Looking at the Technical Indicators
Major Support Level: $0.04520
Major Resistance Level: $0.04665
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 slid by 2.53% on Monday. Reversing a 2.63% rally from Sunday, Tron’s TRX ended the day at $0.013353.
Tracking the broader market, Tron’s TRX rallied to an early morning intraday high $0.013838 before hitting reverse.
Falling short of the first major resistance level at $0.01400, Tron’s TRX slid to a late afternoon intraday low $0.013178.
The reversal saw Tron’s TRX fall through the first major support level at $0.01351 and the second major support level at $0.01321.
Finding support late on, Tron’s TRX recovered to $0.0133 levels to limit the downside on the day.
At the time of writing, Tron’s TRX was down by 0.19% to $0.013328. A mixed start to the day saw Tron’s TRX rise from an early morning low $0.013270 to a high $0.013348.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move through to $0.01350 levels to support a run at the first major resistance level at $0.013730.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.013348.
Barring an extended crypto rally, the first major resistance level and Monday’s high $0.013838 would likely pin Tron’s TRX back on the day.
Failure to move back through to $0.01350 levels could see Tron’s TRX struggle throughout the day.
A fall back through the morning low $0.013270 would bring the first major support level at $0.01307 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.01280.
Looking at the Technical Indicators
Major Support Level: $0.01307
Major Resistance Level: $0.01373
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
