Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 25/02/20 – Yahoo Finance

Litecoin

Litecoin slid by 5.31% on Monday. Partially reversing a 6.58% rally from Sunday, Litecoin ended the day at $75.55.

Bearish through the day, Litecoin slid from an early morning intraday high $80.04 to a late afternoon intraday low $71.80.

Litecoin fell through the first major support level at $76.08 and the second major support level at $72.37.

Of greater significance, however, was a fall through the 38.2% FIB of $78.

Finding support late on, Litecoin broke back through the second major support level to wrap up the day at $75.55.

At the time of writing, Litecoin was down by 2.63% to $73.56. A bearish start to the day saw Litecoin fall from an early morning high $76.12 to a low $73.26.

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

Litecoin would need to move through to $75.80 levels to support a run the first major resistance level at $79.79.

Support from the broader market would be needed, however, for Litecoin to breakout from the 38.2% FIB of $78.

Barring a broad-based crypto rally, the 38.2% FIB would likely leave Litecoin short of the first major resistance level.

Failure to move through to $75.80 levels could see Litecoin fall deeper into the red.

A fall back through the morning low $73.26 would bring the first major support level at $71.55 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$70 levels on the day.

Major Support Level: $71.55

Major Resistance Level: $79.79

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen slid by 5.82% on Monday. Reversing a 4.42% gain from Sunday, Stellars Lumen ended the day at $0.069148.

Tracking the broader market, Stellars Lumen slid from an early morning intraday high $0.073827 to a late intraday low $0.067507.

Stellars Lumen fell through the first major support level at $0.07093 and the second major support level at $0.068450.

Story continues

Finding support late on, Stellars Lumen moved back through the second major support level to wrap up the day at $0.069 levels.

At the time of writing, Stellars Lumen was down by 2.37% to $0.067509. A bearish start to the day saw Stellars Lumen fall from an early morning high $0.069264 to a low $0.067509.

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

Stellars Lumen would need to move through to $0.07020 levels to support a run at the first major resistance level at $0.07281.

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.069264.

Barring a broad-based crypto rebound, resistance at $0.070 would likely leave Stellars Lumen short of the first major resistance level.

Failure to move through to $0.07020 levels could see Stellars Lumen struggle later in the day.

A fall back through Mondays low $0.067507 would bring the first major support level at $0.06649 into play.

Barring another crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.0660 levels on the day.

Major Support Level: $0.06649

Major Resistance Level: $0.07281

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX slid by 6.94% on Monday. Reversing a 6.54% rally from Sunday, Trons TRX ended the day at $0.019875.

A bearish start to the day saw Trons TRX slide from an early morning intraday high $0.021398 to a late afternoon intraday low $0.019200.

Trons TRX fell through the first major support level at $0.02053 and the second major support level at $0.01961.

Steering clear of sub-$0.019 support levels, Trons TRX broke back through the second major support level late on.

At the time of writing, Trons TRX was down by 0.73% to $0.019729. A bearish start to the day saw Trons TRX fall from an early morning high $0.019921 to a low $0.019552.

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

Trons TRX would need to move through to $0.02020 levels to support a run at the first major resistance level at $0.02112.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.019921.

Barring an extended crypto rally, resistance at $0.020 would likely leave Trons TRX short of the first major resistance level.

Failure to move through to $0.02020 levels could see Trons TRX slide deeper into the red.

A fall back through the morning low $0.019552 would bring the first major support level at $0.01892 into play.

Barring an extended crypto sell-off, however, Trons TRX should continue to steer clear of sub-$0.019 levels on the day.

Major Support Level: $0.01892

Major Resistance Level: $0.02112

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

Originally posted here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 25/02/20 - Yahoo Finance

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