Litecoin

Litecoin rose by 1.09% on Tuesday. Partially reversing a 4.80% slide from Monday, Litecoin ended the day at $40.70.

It was a mixed start to the day. Litecoin rose to a mid-morning high $41.06 before sliding to a late morning intraday low $40.15.

Steering clear of the first major support level at $38.76, Litecoin rallied to a late afternoon intraday high $41.40.

Falling short of the first major resistance level at $42.56, Litecoin fell back to sub-$41 levels late in the day.

At the time of writing, Litecoin was flat at $40.70. A mixed start to the day saw Litecoin fall to an early morning low $40.33 before striking a high $40.96.

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

Litecoin would need to move back through to $40.80 levels to support a run the first major resistance level at $41.35.

Support from the broader market would be needed, however, for Litecoin to breakout out from the morning high $40.96.

Barring an extended crypto rally, the first major resistance level at $41.35 would likely limit any upside on the day.

Failure to move through to $40.80 levels could see Litecoin struggle later in the day.

A fall through the morning low $40.33 would bring the first major support level at $40.10 into play.

Barring a broad-based crypto sell-off, however, Litecoin should steer clear of the second major support level at $39.50.

Major Support Level: $40.10

Major Resistance Level: $41.35

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 1.52% on Tuesday. Following on from a 0.94% gain on Monday, Stellars Lumen end the day at $0.051014.

A mixed start to the day saw Stellars Lumen rise to an early morning high $0.050722 before hitting reverse.

Falling short of the first major resistance level at $0.05162, Stellars Lumen slid to a late morning intraday low $0.049320.

Steering clear of the first major support level at $0.04805, Stellars Lumen rallied to a late intraday high $0.051774.

Stellars Lumen broke through the first major resistance level at $0.05162 before easing back to sub-$0.05110 levels.

At the time of writing, Stellars Lumen was up by 1.54% to $0.051798. A bullish start to the day saw Stellars Lumen rise from an early morning low $0.050892 to a high $0.052117.

Steering clear of the major support levels, Stellars Lumen tested the first major resistance level at $0.05209 early on.

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Stellars Lumen would need to move back through the first major resistance level at $0.05209 to take a run at $0.053 levels.

Support from the broader market would be needed, however, for Stellars Lumen to breakout from the morning high $0.052117.

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

Failure to move back through the first major resistance level could see Stellars Lumen hit reverse.

A fall back through to sub-$0.05070 levels would bring the first major support level at $0.04963 into play.

Barring a broad-based crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.050 levels.

Major Support Level: $0.04963

Major Resistance Level: $0.05209

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rose by 0.84% on Tuesday. Partially reversing a 3.38% slide from Monday, Trons TRX ended the day at $0.012512.

A bullish start to the day saw Trons TRX rise to an early morning high $0.012611 before hitting reverse.

Falling short of the first major resistance level at $0.01303, Trons TRX tumbled to a late morning intraday low $0.012346.

Steering clear of the first major support level at $0.01208, Trons TRX rallied to a late afternoon intraday high $0.012715. Falling short of the first major resistance level at $0.01303, Trons TRX slid back to wrap up the day at $0.01250 levels.

At the time of writing, Trons TRX was up by 0.55% to $0.012581. A mixed start to the day saw Trons TRX fall to an early morning low $0.012462 before rising to a high $0.012592.

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

Trons TRX would need to move through to $0.012580 levels to support a run at the first major resistance level at $0.01270.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.012592.

Barring a crypto rally, the first major resistance level at $0.01270 would likely limit any upside.

Failure to move through to $0.012580 could see Trons TRX hit reverse.

A fall back through to sub-$0.01252 levels would bring the first major support level at $0.01233 into play.

Barring an extended crypto sell-off, however, Trons TRX should steer clear of sub-$0.012 levels. The second major support level at $0.01216 should limit any downside.

Major Support Level: $0.01222

Major Resistance Level: $0.01270

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

Link:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 22/04/20 - Yahoo Finance