Litecoin rose by 0.87% on Sunday. Following on from a 4.37% rally on Saturday Litecoin ended the week up by 2.74% to $43.07.
A choppy morning saw Litecoin recover from an early morning intraday low $42.06 to strike a morning high $43.00.
Steering clear of the major support and resistance levels, Litecoin fell back to $42.1 levels before finding support.
Through the 2nd half of the day, Litecoin rallied to a late intraday high $43.73 before sliding back to sub-$43 levels.
While falling short of the first major resistance level at $43.96, Litecoin did manage to wrap up the day at $43 levels.
At the time of writing, Litecoin was up by 0.16% to $43.14. A mixed start to the day saw Litecoin fall to an early morning low $42.70 before striking a high $43.26.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move back through to the morning high $43.26 to support a run at the first major resistance level at $43.85.
Litecoin would need the support of the broader market to break out from Sunday’s high $43.73.
Barring a crypto rebound, however, the first major resistance level and Sunday’s high $43.73 would likely cap any upside.
Failure to move back through the morning high $43.26 could see Litecoin fall back into the red.
A fall back through to sub-$42.95 levels would bring the first major support level at $42.18 into play.
Barring an extended sell-off, however, Litecoin should steer clear the second major support level at $41.28.
Looking at the Technical Indicators
Major Support Level: $42.18
Major Resistance Level: $43.85
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen rose by 1.21% on Sunday. Partially reversing a 2.18% slide from Saturday, Stellar’s Lumen ended the week down 2.11% to $0.046497.
Tracking the broader market, Stellar’s Lumen fell to an early morning intraday low $0.045866 before making a move.
Steering clear of the first major support level at $0.045560, Stellar’s Lumen rallied to a late intraday high $0.46940.
Stellar’s Lumen broke through the first major resistance level at $0.046670 before easing back to $0.04620 levels.
While finding support late on, Stellar’s Lumen failed to break back through the first major resistance level.
At the time of writing, Stellar’s Lumen was down by 0.02% to $0.046487. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.046119 before striking a high $0.046514.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to move back through to $0.4650 levels to support a run at the first major resistance level at $0.04700.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.046514.
Barring a broad-based crypto rally, however, the first major resistance level at $0.04700 levels would likely pin Stellar’s Lumen back on the day.
Failure to move through to $0.04650 levels could see Stellar’s Lumen slide deeper into the red.
A fall through the morning low $0.046119 would bring the first major support level at $0.04593 into play.
Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of sub-$0.04500 levels. The second major support level at $0.04536 should limit any downside on the day.
Looking at the Technical Indicators
Major Support Level: $0.04593
Major Resistance Level: $0.04700
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX
Tron’s TRX rallied by 2.63% on Sunday. Following on from a 1.43% gain on Saturday, Tron’s TRX ended the week down by 7.88% to $0.013812.
A bearish start to the day saw Tron’s TRX fall to an early morning intraday low $0.01340 before making a move.
Steering clear of the first major support level at $0.01328, Tron’s TRX rallied to a late intraday high $0.013895.
Tron’s TRX broke through the first major resistance level at $0.013770 to wrap up the day at $0.0138 levels.
It was the 6th consecutive day, however, that Tron’s TRX fell short of $0.0140 levels.
At the time of writing, Tron’s TRX was up by 0.02% to $0.013815. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.013641 before striking a high $0.013838.
Tron’s TRX left the major support and resistance levels untested early on.
For the Day Ahead
Tron’s TRX would need to move back through the morning high $0.013838 to support a move through the first major resistance level at $0.01400.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.013838.
Barring an extended crypto rally, the first major resistance level would likely pin Tron’s TRX back on the day.
Failure to move back through the morning high could see Tron’s TRX hit reverse.
A fall through to sub-$0.01370 levels would bring the first major support level at $0.01351 into play.
Barring an extended sell-off, however, Tron’s TRX should steer clear of sub-$0.013 levels. The second major support level at $0.01321 should limit any downside on the day.
Looking at the Technical Indicators
Major Support Level: $0.01351
Major Resistance Level: $0.01400
23.6% FIB Retracement Level: $0.0322
38.2% FIB Retracement Level: $0.0452
62% FIB Retracement Level: $0.0663
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