It's a mixed start to the day for the majors. Failure to avoid the pivot levels would bring support levels into play.
Litecoin rose by 0.09% on Tuesday. Following a 1.92% decline from Monday, Litecoin ended the day at $43.88.
A bearish start to the day saw Litecoin fall to an early morning intraday low $42.89 before finding support.
Holding above the first major support level at $42.50, Litecoin rose to a late intraday high $44.00.
Falling short of the first major resistance level at $45.43 Litecoin slipped back to wrap up the day at sub-$44 levels.
At the time of writing, Litecoin was down by 0.05% to $43.86. A mixed start to the day saw Litecoin rise to an early morning high $44.00 before falling to a low $43.78.
Litecoin left the major support and resistance levels untested early in the day.
Litecoin would need to avoid a fall through the $43.59 pivot to support a run at the first major resistance level at $44.29.
Support from the broader market would be needed, however, for Litecoin to break back through to $44 levels.
Barring another crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $43.59 pivot would bring the first major support level at $43.18 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$42 levels. The second major support level at $42.48 should limit any downside.
Major Support Level: $43.18
Major Resistance Level: $44.29
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen rallied by 3.09% on Tuesday. Partially reversing Monday’s 5.15% slide, Stellar’s Lumen ended the day at $0.092340.
It was a bearish start to the day. Stellar’s Lumen fell to an early morning intraday low $0.085769 before making a move.
Finding support at the first major support level at $0.08575, Stellar’s Lumen rose to a late intraday high $0.092770.
Falling short of the first major resistance level at $0.09675, Stellar’s Lumen fell back to sub-$0.090 levels.
Finding late support, however, Stellar’s Lumen broke back through to $0.092 levels to end the day in the green.
At the time of writing, Stellar’s Lumen was down by 0.19% to $0.092160. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.094048 before falling to a low $0.091910.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to a fall through the $0.09029 pivot to support a run at the first major resistance level at $0.09482.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.094048.
Barring another broad-based crypto rally, the first major resistance level at $0.09482 would likely limit any upside.
Failure to avoid a fall through the $0.09029 pivot would bring the first major support level at $0.08782 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should avoid sub-$0.080 levels. The second major support level at $0.08329 should limit any downside.
Major Support Level: $0.08782
Major Resistance Level: $0.09482
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.14336518
62% FIB Retracement Level: $0.2050
Tron’s TRX rose by 0.85% on Tuesday. Following a 3.46% slide from Monday, Tron’s TRX ended the day at $0.017685.
It was also a bearish start to the day. Tron’s TRX fell to an early morning intraday low $0.017145 before finding support.
Steering clear of the first major support level at $0.01693, Tron’s TRX struck a late intraday high $0.017754.
Coming up short of the first major resistance level at $0.01834, slipped back to sub-$0.0177 levels.
At the time of writing, Tron’s TRX was up by 0.45% to $0.017742. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.017702 to a high $0.017742.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to avoid a fall through the $0.01753 pivot level to support a run at the first major resistance level at $0.01791.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s high $0.017754.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $0.01753 pivot level would bring the first major support level at $0.01730 into play.
Barring another extended crypto sell-off, Tron’s TRX should steer clear of sub-$0.017 levels. The second major support level sits at $0.01692.
Major Support Level: $0.01730
Major Resistance Level: $0.01791
23.6% FIB Retracement Level: $0.0322
38.2% FIB Retracement Level: $0.0452
62% FIB Retracement Level: $0.0663
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Thanks, Bob
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.