Litecoin

Litecoin slid by 3.41% on Wednesday. Reversing a 0.97% gain from Tuesday, Litecoin ended the day at $44.21.

A bullish start to the day saw Litecoin rise to an early morning intraday high $46.20 before easing back.

Coming within range of the first major resistance level at $46.24, Litecoin slipped back to a morning low $45.20 before steadying.

Steering clear of the major support levels, Litecoin recovered to an afternoon high $45.90 before hitting reverse.

The reversal saw Litecoin slide to a mid-afternoon intraday low $42.94.

Litecoin fell through the first major support level at $44.68 and the second major support level at $43.59.

Finding late support, Litecoin broke back through the second major support level to wrap up the day at $44 levels.

At the time of writing, Litecoin was down by 0.41% to $44.03. A mixed start to the day saw Litecoin rise to an early morning high $44.63 before falling to a low $43.72.

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

Litecoin would need to move back through to $44.50 levels to bring the first major resistance level at $45.96 into play.

Support from the broader market would be needed, however, for Litecoin to breakout from the morning high $44.63.

Barring an extended crypto rally, the first major resistance level and Wednesdays high $46.20 would likely limit any upside.

Failure to move back through to $44.50 levels could see Litecoin fall deeper into the red.

A fall back through the morning low $43.72 would bring the first major support level at $42.70 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$42 support levels.

Major Support Level: $42.70

Major Resistance Level: $45.96

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 1.59% on Wednesday. Reversing a 0.64% fall from Tuesday, Stellars Lumen ended the day at $0.070978.

A mixed start to the day saw Stellars Lumen rise to an early afternoon intraday high $0.072218 before hitting reverse.

Stellars Lumen broke through the first major resistance level at $0.07032 and the second major resistance level at $0.07094.

The reversal saw Stellars Lumen slide to a mid-afternoon intraday low $0.067646 before finding support.

Stellars Lumen fell through the first major support level at $0.06890 and the second major support level at $0.06811.

Finding late support, Stellars Lumen broke back through the major support levels to wrap up the day in the green.

The recovery also saw Stellars Lumen break back through the first and second major resistance levels.

At the time of writing, Stellars Lumen was down by 1.72% to $0.069760. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.071649 before falling to a low $0.069760.

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

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Stellars Lumen would need to move back through to $0.07030 levels to bring the first major resistance level at $0.07292 into play.

Support from the broader market would be needed, however, for Stellars Lumen to break out from Wednesdays high $0.072218.

Barring a broad-based crypto rebound, resistance at $0.072 would likely leave Stellars Lumen short of the first major resistance level.

Failure to move through to $0.07030 levels could see Stellars Lumen fall deeper into the red.

A fall through to sub-$0.069 levels would bring the first major support level at $0.06834 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of the second major support level at $0.06571.

Major Support Level: $0.06834

Major Resistance Level: $0.07292

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX slid by 3.36% on Wednesday. Reversing a 2.29% rally from Tuesday, Trons TRX ended the day at $0.014980.

A bearish start to the day saw Trons TRX slide from an early morning intraday high $0.015501 to a mid-afternoon intraday low $0.014634.

Trons TRX slid through the first major support level at $0.01521 and the second major support level at $0.01483.

Finding support late in the day, Trons TRX recovered to $0.015 levels before easing back.

While breaking back through the second major support level, Trons TRX came up short of the first major support level at the day end.

At the time of writing, Trons TRX was down by 0.22% to $0.014947. A mixed start to the day saw Trons TRX rise to an early morning high $0.015049 before falling to a low $0.014790.

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

Trons TRX would need to move back through to $0.01505 levels to support a run at the first major resistance level at $0.01544.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.015049.

Barring a broad-based crypto rebound, the first major resistance level would likely limit any upside.

Failure to move through to $0.01505 levels could see Trons TRX slide deeper into the red.

A fall through the morning low $0.014790 would bring the first major support level at $0.01458 into play.

Barring an extended crypto sell-off, however, Trons TRX should steer clear of the second major support level at $0.01417.

Major Support Level: $0.01458

Major Resistance Level: $0.01544

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

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Thanks, Bob

This article was originally posted on FX Empire

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 21/05/20 - Yahoo Finance