Litecoin

Litecoin rose by 2.41% on Wednesday. Following on from a by 1.83% gain on Tuesday, Litecoin ended the day at $43.26.

Bullish throughout the day, Litecoin rallied from an early morning intraday low $41.99 to a late intraday high $43.82.

Steering clear of the major support levels, Litecoin broke through the first major resistance level at $42.98.

In spite of a late pullback, Litecoin avoided a return to sub-$43 levels to deliver the upside on the day.

At the time of writing, Litecoin was down by 0.60% to $43.00. A mixed start to the day saw Litecoin rise to an early morning high $43.41 before falling to a low $42.86.

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

Litecoin would need to move through to $43.10 levels to support a run the first major resistance level at $44.06.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesdays high $43.82.

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

Failure to move through to $43.10 levels could see Litecoin struggle later in the day.

A fall back through the morning low $42.86 would bring the first major support level at $42.23 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear the second major support level at $41.19.

Major Support Level: $42.23

Major Resistance Level: $44.06

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen fell by 0.71% on Wednesday. Following a 12.16% rally on Tuesday, Stellars Lumen ended the day at $0.069707.

A mixed start to the day saw Stellars Lumen rise to an early morning high $0.070639 before visiting the red.

Falling short of the major resistance levels, Stellars Lumen fell to a mid-morning intraday low $0.068157.

Steering clear of the first major support level at $0.06482, Stellars Lumen rallied to a late intraday high $0.070736.

Falling well short of the first major resistance level at $0.07274, Stellars Lumen slid back to sub-$0.070 and into the red.

At the time of writing, Stellars Lumen was down by 0.39% to $0.069437. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.070037 before falling to a low $0.069437.

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

Story continues

Stellars Lumen would need to move back through to $0.06955 levels to bring the first major resistance level at $0.07091 into play.

Support from the broader market would be needed, however, for Stellars Lumen to break out from Wednesdays high $0.070736.

Barring an extended crypto rebound, the first major resistance level would likely limit any upside.

Failure to move through to $0.06955 levels could see Stellars Lumen fall deeper into the red.

A fall through to sub-$0.06900 levels would bring the first major support level at $0.06833 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of the second major support level at $0.06695.

Major Support Level: $0.06833

Major Resistance Level: $0.07091

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 3.41% on Wednesday. Following on from a 3.23% gain on Tuesday, Trons TRX ended the day at $0.015091.

A choppy start to the day saw Trons TRX rally from an intraday low $0.014593 to an early morning intraday high $0.015319.

Trons TRX broke through the first major resistance level at $0.01501 and second major resistance level at $0.01547 before pulling back.

The pullback saw Trons TRX return to sub-$0.015 levels before revisiting $0.01520 levels late in the day.

While breaking back through the first major resistance level, Trons TRX failed to retest the second major resistance level.

A late pullback limited the upside on the day, though Trons TRX managed to wrap up the day at $0.015 levels.

At the time of writing, Trons TRX was down by 0.85% to $0.014963. A mixed start to the day saw Trons TRX rise to an early morning high $0.015098 before falling to a low $0.014946.

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

Trons TRX would need to move back through to $0.015 levels to support a run at the first major resistance level at $0.01541.

Support from the broader market would be needed, however, for Trons TRX to break out from the Wednesdays high $0.015319.

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

Failure to move through to move back through to $0.015 levels could see Trons TRX slide deeper into the red.

A fall through the morning low to sub-$0.014900 levels would bring the first major support level at $0.01468 into play.

Barring another crypto meltdown, however, Trons TRX should steer clear of the second major support level at $0.01428.

Major Support Level: $0.01468

Major Resistance Level: $0.01541

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

Excerpt from:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 14/05/20 - Yahoo Finance