In This Article:
Litecoin
Litecoin rose by 2.36% on Monday. Following on from a 0.53% gain on Sunday, Litecoin ended the day at $62.04.
It was a mixed start to the day. Litecoin fell to an early morning intraday low $60.03 before making a move.
Steering clear of the first major support level at $58.58, Litecoin rallied to a late afternoon intraday high $62.99.
Litecoin broke through the first major resistance level at $62.11 before falling back to sub-$61.60 levels.
Finding late support, however, Litecoin broke back through the first major resistance level at $62.11 before easing back to $62.04.
At the time of writing, Litecoin was down by 0.31% to $61.85. A mixed start to the day saw Litecoin rise to an early morning high $62.32 before falling to a low $61.65.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $61.69 pivot to support a run at the first major resistance level at $63.34.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $62.99.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $61.69 pivot would bring the first major support level at $60.38 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $58.73.
Looking at the Technical Indicators
First Major Support Level: $60.38
First Major Resistance Level: $63.34
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 0.14% on Monday. Following on from a 0.60% gain on Sunday, Stellar’s Lumen ended the day at $0.103023.
It was a bearish start to the day. Stellar’s Lumen fell to an early morning intraday low $0.1010 before making a move.
Steering clear of the first major support level at $0.09985 and 23.6% FIB of $0.09280, Stellar’s Lumen rallied to a late morning intraday high $0.1065.
Stellar’s Lumen broke through the first major resistance level at $0.10455 before sliding to $0.1023 levels and into the red.
Finding late support, however, Stellar’s Lumen recovered to $0.1030 levels to end the day in the green.
At the time of writing, Stellar’s Lumen was down by 0.90% to $0.10209. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.10316 before falling to a low $0.10164.
Stellar’s Lumen left the major support and resistance levels untested early on.