In This Article:
Litecoin
Litecoin fell by 1.54% on Tuesday. Partially reversing a 3.06% gain from Monday, Litecoin ended the day at $57.65.
It was a mixed start to the day. Litecoin rose to an early morning intraday high $59.60 before hitting reverse.
Falling short of the first major resistance level at $60.52, Litecoin fell to an early afternoon intraday low $55.72.
Litecoin fell through the first major support level at $56.14 before briefly revisiting $58 levels.
At the time of writing, Litecoin was down by 0.29% to $57.48. A bearish start to the day saw Litecoin fall from an early morning high $57.85 to a low $56.73.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to move through the $57.86 pivot to support a run at the first major resistance level at $59.39.
Support from the broader market would be needed, however, for Litecoin to break back through to $59 levels.
Barring another crypto rally, the first major resistance level and Tuesday’s high $59.60 would likely cap any upside.
Failure to move through the $57.86 pivot would bring the first major support level at $56.12 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$54 levels. The second major support level at $54.59 and the 23.6% FIB of $54 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $56.12
First Major Resistance Level: $59.39
23.6% FIB Retracement Level: $54
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen rallied by 5.51% on Tuesday. Following on from a 3.14% gain on Monday, Stellar’s Lumen ended the day at $0.11077.
It was a bullish day. Stellar’s Lumen rallied from an early morning intraday low $0.10499 to a late intraday high $0.11143.
Stellar’s Lumen broke through the first major resistance level at $0.10891 and the second major resistance level at $0.11260.
A late pullback, however, saw Stellar’s Lumen fall back through the second major resistance level.
At the time of writing, Stellar’s Lumen was down by 2.67% to $0.10781. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.11134 to a low $0.10749.
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 $0.10906 pivot to support a run at the first major resistance level at $0.11314.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.11 levels.