In This Article:
Litecoin
Litecoin rallied by 10.37% on Sunday. Reversing a 0.71% decline from Saturday, Litecoin ended the week up by 3.76% to $62.89.
It was a bullish day. Litecoin rallied from an early morning intraday low $56.94 to a late intraday high $62.94.
Litecoin broke through the day’s major resistance levels to return to $60 levels for the first time since Monday.
At the time of writing, Litecoin was down by 0.22% to $62.75. A mixed start to the day saw Litecoin rise to an early morning high $63.73 before falling to a low $62.70.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $60.92 pivot to support a run at the first major resistance level at $64.91.
Support from the broader market would be needed, however, for Litecoin to break out from the morning high $63.73.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $60.92 pivot would bring the first major support level at $58.91 into play.
Barring an extended crypto sell-off, however, Litecoin should steer well clear of the second major support level at $54.92.
Looking at the Technical Indicators
First Major Support Level: $58.91
First Major Resistance Level: $64.91
23.6% FIB Retracement Level: $54
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Stellar’s Lumen
Stellar’s Lumen rose 2.01% on Sunday. Following on from a 0.59% gain on Saturday, Stellar’s Lumen ended the week down by 4.55% to $0.098204.
It was a mixed start to the day. Stellar’s Lumen rose to an early morning high $0.09750 before hitting reverse.
Falling short of the first major resistance level at $0.09775, Stellar’s Lumen fell to a late morning intraday low $0.096160.
Steering clear of the first major support level at $0.09461, Stellar’s Lumen rose to a late intraday high $0.098390.
Stellar’s Lumen broke through the first major resistance level at $0.09775 before falling back to sub-$0.09720 levels.
Finding late support, however, Stellar’s Lumen broke back through the first major resistance level to end the day at $0.098 levels.
At the time of writing, Stellar’s Lumen was up by 0.41% to $0.098602. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.098204 to a high $0.098881.
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 $0.09758 pivot to support a run at the first major resistance level at $0.09901.