FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
40,599,955Confirmed
1,122,093Deaths
30,327,296Recovered
Fetching Location Data…
Advertisement
Advertisement
Bob Mason
Crypto00 567

Litecoin

Litecoin fell by 2.55% on Sunday. Reversing a 2.15% gain from Saturday, Litecoin ended the week up by 0.30% to $56.97.

It was a mixed start to the day. Litecoin rose to an early morning intraday high $58.72 before hitting reverse.

Falling short of the first major resistance level at $59.21, Litecoin slid to an early afternoon intraday low $56.10.

Litecoin fell through the first major support level at $57.11 before briefly moving back through to $57.40 levels.

A pullback to sub-$57 levels saw Litecoin fall back through the first major support level.

At the time of writing, Litecoin was up by 0.74% to $57.39. A bullish start to the day saw Litecoin rise from an early morning low $56.97 to a high $57.55.

Litecoin left the major support and resistance levels untested early in the day.

For the day ahead

Litecoin would need to avoid a fall through the $57.26 pivot to support a run at the first major resistance level at $58.43.

Support from the broader market would be needed, however, for Litecoin to break back through to $58 levels.

Barring another crypto rally, the first major resistance level and Sunday’s high $58.72 would likely cap any upside.

A fall through the $57.26 pivot would bring the first major support level at $55.81 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$55 levels. The second major support level sits at $54.64.

Advertisement

Looking at the Technical Indicators

First Major Support Level: $55.81

First Major Resistance Level: $58.43

23.6% FIB Retracement Level: $54

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen rose by 2.03% on Sunday. Following on from a 0.97% gain from Saturday, Stellar’s Lumen ended the week up by 2.73% to $0.10481.

A bullish start to the day saw Stellar’s Lumen rise to a late morning intraday high $0.10696 before hitting reverse.

Stellar’s Lumen broke through the first major resistance level at $0.10449 and the second major resistance level at $0.10580.

The reversal saw Stellar’s Lumen slide to a mid-afternoon intraday low $0.10253 before finding support.

Steering clear of the first major support level at $0.10158, Stellar’s Lumen revisited $0.1050 levels before easing back.

Stellar’s Lumen broke back through the first major resistance level at $0.10449 in the recovery.

At the time of writing, Stellar’s Lumen was up by 1.84% to $0.10674. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.10533 to a high $0.10724.

Stellar’s Lumen tested the first major resistance level at $0.1070 early on.

For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.10477 pivot to support another run at the first major resistance level at $0.1070.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through the morning high $0.10724.

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

A fall through the $0.10477 pivot would bring the first major support level at $0.10257 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer of sub-$0.10 levels. The second major support level at $0.10034 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.10257

First Major Resistance Level: $0.1070

23.6% FIB Retracement Level: $0.09960

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX fell by 0.43% on Sunday. Partially reversing a 3.19% gain from Saturday, Tron’s TRX ended the week up by 7.38% to $0.020401.

It was a relatively bullish start to the day. Tron’s TRX rose to a late morning intraday high $0.020595 before hitting reverse.

Falling short of the first major resistance level at $0.02078, Tron’s TRX slid to a mid-afternoon intraday low $0.020067.

Steering clear of the first major support level at $0.01991, Tron’s TRX briefly revisited $0.02050 levels before falling back into the red.

At the time of writing, Tron’s TRX was up by 2.02% to $0.020814. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.020501 to a high $0.020828.

Tron’s TRX broke through the first major resistance level at $0.020640 early on.

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the first major resistance level at $0.02064 to support another run at the second major resistance level at $0.02088.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.020828.

Barring an extended crypto rally, the second major resistance level would likely cap any upside.

A fall back through the first major resistance level would bring the day’s pivot level at $0.02035 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should avoid the first major support level sits at $0.02011.

Looking at the Technical Indicators

First Major Support Level: $0.02011

First Major Resistance Level: $0.02064

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