FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
31,771,441Confirmed
975,315Deaths
23,386,714Recovered
Fetching Location Data…
Advertisement
Advertisement
Bob Mason
Ripple, Dash coin, Bitcoin, Monero and Ethereum

Litecoin

Litecoin fell by 1.92% on Monday. Following on from a 0.07% decline on Sunday, Litecoin ended the day at $43.90.

A bullish start to the day saw Litecoin rise to a mid-day intraday high $45.55 before hitting reverse.

Litecoin broke through the first major resistance level at $45.38 before sliding to a late intraday low $42.62.

The reversal saw Litecoin fall through the first major support level at $43.90 and the second major support level at $43.09.

Finding late support, Litecoin broke back through the major support levels to limit the loss on the day.

At the time of writing, Litecoin was down by 0.16% to $43.83. A bearish start to the day saw Litecoin fall from an early morning high $43.88 to a low $43.47.

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

For the day ahead

Litecoin would need to move through the $44 pivot to support a run at the first major resistance level at $45.43.

Support from the broader market would be needed, however, for Litecoin to break back through to $45 levels.

Barring another crypto rally, the first major resistance level and Monday’s high $45.55 would likely cap any upside.

Failure to move through the $44 pivot would bring the first major support level at $42.50 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$40 levels. The second major support level at $41.09 should limit any downside.

Advertisement

Looking at the Technical Indicators

Major Support Level: $45.43

Major Resistance Level: $42.50

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen slid by 5.15% on Monday. Reversing a 0.37% gain from Sunday, Stellar’s Lumen ended the day at $0.090535.

It was a mixed start to the day. Recovering from an early low $0.092589, Stellar’s Lumen rose to a mid-day intraday high $0.098188 before hitting reverse.

Falling short of the first major resistance level at $0.09876, Stellar’s Lumen fell to a late intraday low $0.08719.

Stellar’s Lumen fell through the first major support level at $0.09100 before finding support.

A recovery to $0.09174 levels was brief, however, with Stellar’s Lumen falling back through the first major support level late on.

At the time of writing, Stellar’s Lumen was down by 0.49% to $0.090094. A bearish start to the day saw Stellar’s Lumen fall to an early morning low $0.089569 before rising to a high $0.090094.

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

For the day ahead

Stellar’s Lumen would need to move through the $0.09197 pivot to support a run at the first major resistance level at $0.09675.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.095 levels.

Barring another broad-based crypto rally, the first major resistance level and Monday’s high $0.098188 would likely limit any upside.

Failure to move through the $0.09197 pivot would bring the first major support level at $0.08575 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should avoid sub-$0.080 levels. The second major support level at $0.08097 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $0.09675

Major Resistance Level: $0.08575

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX slid by 3.46% on Monday. Following on from a 0.85% loss on Sunday, Tron’s TRX ended the day at $0.01758.

It was also a mixed start to the day. Tron’s TRX recovered from an early morning low $0.017966 to strike a mid-day intraday high $0.018452 before hitting reverse.

Falling short of the first major resistance level at $0.01852, Tron’s TRX slid to a late intraday low $0.017046.

Tron’s TRX fell through the first major support level at $0.01791 and second major support level at $0.01761

Steering clear of the third major support level at $0.01701, Tron’s TRX moved back through to $0.01750 levels.

At the time of writing, Tron’s TRX was down by 1.13% to $0.017381. A bearish start to the day Tron’s TRX fall from an early morning high $0.017543 to a low $0.017209.

Tron’s TRX tested the first major support level at $0.01686 early on.

For the Day Ahead

Tron’s TRX would need to move through the $0.01770 pivot level to support a run at the first major resistance level at $0.01834.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.018 levels.

Barring another extended crypto rally, the first major resistance level and Monday’s high $0.018452 would likely cap any upside.

Failure to move through the $0.1770 pivot level would bring the first major support level at $0.01693 into play.

Barring another extended crypto sell-off, Tron’s TRX should steer clear of the second major support level at $0.01629.

Looking at the Technical Indicators

Major Support Level: $0.01693

Major Resistance Level: $0.01834

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

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk