Litecoin

Litecoin rose by 0.33% on Wednesday. Following on from a 0.41% gain on Tuesday, Litecoin ended the day at $39.33.

A bearish start to the day saw Litecoin slide to a late afternoon intraday low $37.17.

Litecoin fell through the first major support level at $38.55 and the second major support level at $37.95.

Finding support from the broader market, Litecoin rallied to a final hour intraday high $39.50.

While breaking back through the major support levels, the first major resistance level at $39.58 pinned Litecoin back late on.

At the time of writing, Litecoin was up by 0.74% to $39.62. A bullish start to the day saw Litecoin rise from an early morning low $39.12 to a high $39.93 before easing back.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to steer clear of sub-$39 levels to support another run the first major resistance level at $40.16

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $39.93.

Barring an extended crypto rally, the first major resistance would likely pin Litecoin back on the day.

Failure to avoid sub-$39 levels could see Litecoin slide back into the red.

A fall back through to sub-$38.70 levels would bring the first major support level at $37.83 into play.

Barring a crypto sell-off, however, Litecoin should steer clear of sub-$37 support levels.

Major Support Level: $37.83

Major Resistance Level: $40.16

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 1.40% on Wednesday. Following on from a 1.90% gain on Tuesday, Stellars Lumen ended the day at $0.041073.

Tracking the broader market, Stellars Lumen fell to a late afternoon intraday low $0.039138 before finding support.

The sell-off saw Stellars Lumen fall through the first major support level at $0.04016 and second major support level at $0.03940.

A late rebound saw Stellars Lumen rally to a final hour intraday high $0.041140.

While breaking back through the support levels, Stellars Lumen fell short of the first major resistance level at $0.04150.

At the time of writing, Stellars Lumen was down by 0.86% to $0.040718. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.041474 before falling to a low $0.040718.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to move back through the morning high $0.041474 to support a run at the first major resistance level at $0.041760.

Support from the broader market would be needed, however, for Stellars Lumen to break through to $0.04150 levels.

Barring a late morning rebound, resistance at $0.04150 would likely leave Stellars Lumen short of the first major resistance level.

Failure to move back through to $0.04140 levels could see Stellars Lumen struggle throughout the day.

A fall back through to sub-$0.04050 levels would bring the first major support level at $0.03976 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.039 support levels.

Major Support Level: $0.03976

Major Resistance Level: $0.04176

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rose by 0.36% on Wednesday. Following on from a 1.08% gain on Tuesday, Trons TRX ended the day at $0.011642.

Bearish through most of the day, Trons TRX fell to a late afternoon intraday low $0.011161.

Trons TRX slid through the first major support level at $0.01148 and the second major support level at $0.01132.

Finding support late on, Trons TRX broke back through the major support levels to strike an intraday high $0.011688.

In spite of the breakout, Trons TRX fell short of the first major resistance level at $0.01179 on the day.

At the time of writing, Trons TRX was down by 0.05% to $0.011636. It has been a mixed start to the day. Trons TRX rose to an early morning high $0.011783 before falling to a low $0.011590.

Trons TRX left the major support and resistance levels untested.

Trons TRX would need to move back through to $0.01170 levels to bring the first major resistance level at $0.01183 into play.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.011783.

Barring a broad-based crypto rally, the first major resistance at $0.01183 would likely cap any upside.

Failure to move back through to $0.01170 levels could see Trons TRX fall deeper into the red.

A fall through to sub-$0.01150 levels would bring the first major support level at $0.01131 into play.

Barring an extended crypto sell-off, however, Trons TRX should continue to steer clear of sub-0.011 levels.

Major Support Level: $0.01131

Major Resistance Level: $0.01183

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

This article was originally posted on FX Empire

View original post here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 02/04/20 - Yahoo Finance