In This Article:
Litecoin
Litecoin slid by 5.91% on Tuesday. Reversing a 2.36% gain from Monday, Litecoin ended the day at $58.38.
It was a mixed start to the day. Litecoin rose to an early morning intraday high $62.32 before hitting reverse.
Falling short of the first major resistance level at $63.34, Litecoin slid to a late afternoon intraday low $56.63.
Litecoin fell through the first major support level at $60.38 and the second major support level at $58.73.
Finding late support, Litecoin revisited $58.80 levels before easing back into the deep red. The second major support level at $58.73 pinned Litecoin back late in the day.
At the time of writing, Litecoin was down by 0.26% to $58.23. A bearish start to the day saw Litecoin fall from an early morning high $58.40 to a low $57.62.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $59.11 pivot to support a run at the first major resistance level at $61.59.
Support from the broader market would be needed, however, for Litecoin to break back through to $60 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the $59.11 pivot would bring the first major support level at $55.90 into play.
Barring another extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $53.42.
Looking at the Technical Indicators
First Major Support Level: $55.90
First Major Resistance Level: $61.59
23.6% FIB Retracement Level: $54
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Stellar’s Lumen
Stellar’s Lumen slid by 5.58% on Tuesday. Reversing a 0.14% gain from Monday, Stellar’s Lumen ended the day at $0.09727.
It was a mixed start to the day. Stellar’s Lumen rose to an early morning intraday high $0.10316 before hitting reverse.
Falling short of the first major resistance level at $0.10602, Stellar’s Lumen slid to a late afternoon intraday low $0.09508.
Stellar’s Lumen fell through the first major support level at $0.1005 and the second major support level at $0.09801.
Finding late support, Stellar’s Lumen briefly revisited $0.098 levels before easing back. The second major support level at $0.09801 pinned Stellar’s Lumen back late in the day.
At the time of writing, Stellar’s Lumen was up by 0.67% to $0.09793. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.09602 before rising to a high $0.09801.
Stellar’s Lumen left the major support and resistance levels untested early on.