Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 12/03/20 – Yahoo Finance

Litecoin

Litecoin slid by 3.35% on Wednesday. Following on from a 0.69% decline on Tuesday, Litecoin ended the day at $48.54.

A mixed start to the day saw Litecoin rise to an early morning intraday high $50.72 before hitting reverse.

Falling short of the first major resistance level at $51.48, Litecoin slid to a late afternoon intraday low $45.44.

Litecoin fell through the first major support level at $48.82 and the second major support level at $47.50.

Finding late support, Litecoin broke back through the major support levels to hit $49 levels before easing back.

The pullback saw Litecoin fall back through the first major support level at $48.82.

At the time of writing, Litecoin was down by 1.71% to $47.71. A bearish start to the day saw Litecoin fall from an early morning high $48.79 to a low $47.71.

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

Litecoin would need to move back through to $48.20 levels to support a run the first major resistance level at $51.03.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesdays high $50.72.

Barring an extended crypto rally, the first major resistance level, and Wednesdays high would likely cap any upside.

Failure to move through to $48.20 levels could see Litecoin fall deeper into the red.

A fall back through to sub-$47 levels would bring the first major support level at $45.75 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$45 support levels.

Major Support Level: $45.75

Major Resistance Level: $51.03

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen fell by 2.52% on Wednesday. Following on from a 0.27% decline on Tuesday, Stellars Lumen ended the day at $0.050765.

Tracking the broader market, Stellars Lumen rose to an early morning intraday high $0.052531 before hitting reverse.

Falling short of the first major resistance level at $0.053410, Stellars Lumen slid to a late afternoon intraday low $0.047623.

The reversal saw Stellars Lumen fall through the first major support level at $0.05076 and second major support level at $0.04947.

Finding support late on, Stellars Lumen broke back through the second major support level.

Resistance at the first major support level at $0.05076 pinned Stellars Lumen back at the day end.

At the time of writing, Stellars Lumen was down by 1.47% to $0.050019. A bearish start to the day saw Stellars Lumen fall from an early morning high $0.050669 to a low $0.049973.

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

Story continues

Stellars Lumen would need to move back through to $0.05030 levels to support a run at the first major resistance level to $0.05299.

Support from the broader market would be needed, however, for Stellars Lumen to break back through to $0.052 levels.

Barring a broad-based crypto rebound, the first major resistance level and Wednesdays high $0.052531 would likely limit any upside on the day.

Failure to move through to $0.05030 levels could see Stellars Lumen fall deeper into the red.

A fall back through to sub-$0.050 levels would bring the first major support level at $0.04808 into play.

Barring a broad-based crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.047 support levels.

Major Support Level: $0.04808

Major Resistance Level: $0.05299

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX fell by 1.46% on Wednesday. Reversing a 0.49% gain from Tuesday, Trons TRX ended the day at $0.014959.

Tracking the broader market, Trons TRX rose to an early morning intraday high $0.015324 before hitting reverse.

Falling short of the first major resistance level at $0.01546, Trons TRX slid to a late afternoon intraday low $0.014120.

Trons TRX slide through the first major support level at $0.01472 and the second major support level at $0.01434.

Finding support late in the day, Trons TRX broke back through the major support levels to revisit $0.015 levels before easing back.

At the time of writing, Trons TRX was down by 1.33% to $0.014761. A bearish start to the day saw Trons TRX fall from an early morning high $0.014937 to a low $0.014761.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to move back through to $0.01480 levels to support a run at the first major resistance level at $0.01548.

Support from the broader market would be needed, however, for Trons TRX to break out from the Wednesdays high $0.015324.

Barring an extended crypto rally, the first major resistance at $0.01548 and Wednesdays high would likely cap any upside.

Failure to move through to $0.01480 levels could see Trons TRX struggle throughout the day.

A fall back through the morning low $0.014761 would bring the first major support level at $0.01428 into play.

Barring an extended crypto sell-off, however, Trons TRX should steer clear of sub-$0.014 levels on the day.

Major Support Level: $0.01428

Major Resistance Level: $0.01548

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

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 12/03/20 - Yahoo Finance

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