In This Article:
Litecoin
Litecoin slid by 5.13% on Wednesday. Following on from a 2.62% loss on Tuesday, Litecoin ended the day at $62.12.
It was a mixed start to the day. Litecoin rose to an early morning intraday high $67.15 before hitting reverse.
Falling short of the first major resistance level at $68.25, Litecoin fell to a late intraday low $58.76.
Litecoin fell through the first major support level at $63.05 and the second major support level at $60.58.
Finding late support, Litecoin moved back through the second major support level to wrap up the day at $62 levels.
At the time of writing, Litecoin was up by 0.92% to $62.69. A bullish start to the day saw Litecoin rise from an early morning low $62.13 to a high $63.28.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $62.68 pivot to support a run at the first major resistance level at $66.59.
Support from the broader market would be needed, however, for Litecoin to break out from $65 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $67.15 would likely cap any upside.
Failure to avoid a fall through the $62.68 pivot would bring the first major support level at $58.20 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$55 levels. The second major support level sits at $54.29.
Looking at the Technical Indicators
First Major Support Level: $58.20
First Major Resistance Level: $66.59
23.6% FIB Retracement Level: $54
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen slid by 5.66% on Wednesday. Following on from a 4.90% loss on Tuesday, Stellar’s Lumen ended the day a $0.10214.
Tracking the broader market, Stellar’s Lumen rose to an early morning intraday high $0.10966 before hitting reverse.
Falling short of the first major resistance level at $0.11502, Stellar’s Lumen slid to a late intraday low $0.0.098625.
Stellar’s Lumen fell through the first major support level at $0.10931 before briefly revisiting $0.1027 levels.
A bearish end to the day, however, left Stellar’s Lumen at $0.1021 levels.
At the time of writing, Stellar’s Lumen was up by 1.03% $0.103192. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.10201 to a high $0.10351.
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 $0.10347 pivot to support a run at the first major resistance level at $0.10832.