Litecoin
Litecoin fell by 1.32% on Wednesday. Reversing a 0.09% gain from Tuesday, Litecoin ended the day at $43.30.
A bearish start to the day saw Litecoin fall to a late morning low $43.18 before finding support.
Finding support at the first major support level at $43.18 Litecoin rose to a late morning intraday high $44.00.
Falling short of the first major resistance level at $44.29 Litecoin fell to a mid-afternoon intraday low $42.84.
Litecoin fell through the first major support level at $43.18 before a move back through to $43.30 levels.
At the time of writing, Litecoin was up by 0.05% to $43.32. A mixed start to the day saw Litecoin fall to an early morning low $43.00 before striking a high $43.34.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to move through the $43.40 pivot to support a run at the first major resistance level at $43.92.
Support from the broader market would be needed, however, for Litecoin to break out from $43.50 levels.
Barring another crypto rally, the first major resistance level and Wednesday’s high $44.00 would likely cap any upside.
Failure to move through the $43.40 pivot would bring the first major support level at $42.76 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$42 levels. The second major support level at $42.22 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $42.76
Major Resistance Level: $43.92
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 2.56% on Wednesday. Following on from a 3.09% on Tuesday, Stellar’s Lumen ended the day at $0.094719.
It was a choppy start to the day. Stellar’s Lumen rose to an early morning high $0.094048 before hitting reverse.
Falling short of the major resistance levels, Stellar’s Lumen slid to a mid-afternoon intraday low $0.087799.
Finding support at the first major support level at $0.08782, Stellar’s Lumen rose to a late afternoon intraday high $0.097069.
Stellar’s Lumen broke through the first major resistance level at $0.09482 before falling back to $0.091 levels.
Finding late support, Stellar’s Lumen wrapped up the day at $0.094 levels. The second major resistance level at $0.09729 had limited the upside on the day.
At the time of writing, Stellar’s Lumen was up by 1.77% to $0.096400. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.093521 before striking a high $0.096400.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.09320 pivot to support a run at the first major resistance level at $0.098590.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.097069.
Barring another broad-based crypto rally, the first major resistance level at $0.09859 would likely limit any upside.
Failure to avoid a fall through the $0.09320 pivot would bring the first major support level at $0.08932 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should avoid sub-$0.080 levels. The second major support level at $0.08393 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $0.08932
Major Resistance Level: $0.09859
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 fell by 0.82% on Wednesday. Reversing a 0.85% gain from Tuesday, Tron’s TRX ended the day at $0.01760.
It was also a bearish start to the day. Tron’s TRX fell to a late morning intraday low $0.017501 before finding support.
Steering clear of the first major support level at $0.01730, Tron’s TRX struck an early afternoon intraday high $0.017768.
Coming up short of the first major resistance level at $0.01791, slipped back to sub-$0.0177 levels.
At the time of writing, Tron’s TRX was up by 0.18% to $0.017632. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.017533 before rising to a high $0.017632.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to avoid a fall through the $0.01760 pivot level to support a run at the first major resistance level at $0.01775.
Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0177 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.017768 would likely cap any upside.
Failure to avoid a fall through the $0.01760 pivot level would bring the first major support level at $0.01748 into play.
Barring another extended crypto sell-off, Tron’s TRX should steer clear of sub-$0.017 levels. The third major support level at $0.01736 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $0.01748
Major Resistance Level: $0.01775
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
