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Bob Mason
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Bitcoin and Litecoin over dollar banknotes.

Litecoin

Litecoin rallied by 4.53% on Tuesday. Reversing a 1.69% loss from Monday, Litecoin ended the day at $43.83.

It was a bullish start to the day. Litecoin rallied from an early morning intraday low $41.89 to a mid-day intraday high $44.10.

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Litecoin broke through the first major resistance level at $42.72 and the second major resistance level at $43.48.

In the 2nd half of the day, Litecoin slipped back to sub-$43.50 levels before closing out the day at $43.80 levels. The second major resistance level at $43.48 limited the downside late in the day.

At the time of writing, Litecoin was down by 0.02% to $43.82. A mixed start to the day saw Litecoin fall to an early morning low $43.53 before rising to a high $44.00.

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 $43.27 pivot to support a run at the first major resistance level at $44.66.

Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $44.10.

Barring another crypto rally, the first major resistance level and Tuesday’s high $44.10 would likely cap any upside.

Failure to avoid a fall through the $43.27 pivot would bring the first major support level at $42.45 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$40 levels. The second major support level at $41.06 should limit any downside.

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Looking at the Technical Indicators

Major Support Level: $42.45

Major Resistance Level: $44.66

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 2.59% on Tuesday. Partially reversing a 5.63% slide from Monday, Stellar’s Lumen ended the day at $0.096744.

It was also a bullish start to the day. Stellar’s Lumen rose from an early morning low $0.09430 to a late morning intraday high $0.09863 before hitting reverse.

Falling short of the first major resistance level at $0.09980, Stellar’s Lumen slid to a late intraday low $0.094153.

Steering clear of the first major support level at $0.09165, Stellar’s Lumen moved back through to $0.096 levels.

At the time of writing, Stellar’s Lumen was down by 0.97% to $0.095806. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.09618 to a low $0.095503.

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 $0.09651 pivot to support a run at the first major resistance level at $0.09887.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.098 levels.

Barring another broad-based crypto rally, the first major resistance level and Tuesday’s high $0.09863 would likely limit any upside.

Failure to move through the $0.09651 pivot would bring the first major support level at $0.09439 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should avoid sub-$0.090 levels. The second major support level at $0.09203 should limit the downside.

Looking at the Technical Indicators

Major Support Level: $0.09439

Major Resistance Level: $0.09887

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 rallied by 2.42% on Tuesday. Reversing a 2.24% slide from Monday, Tron’s TRX ended the day at $0.01765.

It was a mixed start to the day. Tron’s TRX fell to an early morning intraday low $0.017209 before making a move.

Steering clear of the first major support level at $0.01689, Tron’s TRX rallied to a late morning intraday high $0.017746.

Tron’s TRX broke through the first major resistance level at $0.01755 before easing back to sub-$0.01760 levels.

Finding support at the first major resistance level, Tron’s TRX recovered to $0.0176 levels late in the day.

At the time of writing, Tron’s TRX was down by 0.25% to $0.017605. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.017571 before rising to a high $0.017605.

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 $0.01754 pivot level to support a run at the first major resistance level at $0.01786.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday high $0.017746.

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

Failure to avoid a fall through the $0.01754 pivot level would bring the first major support level at $0.01732 into play.

Barring another extended crypto sell-off, Tron’s TRX should steer clear of sub-$0.017 levels. The second major support level at $0.01700 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $0.01732

Major Resistance Level: $0.01786

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

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