Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 31/03/20 – Yahoo Finance

Litecoin

Litecoin rallied by 5.09% on Monday. Reversing a 4.68% slide from Sunday, Litecoin ended the day at $38.99.

It was a bullish start to the week. Litecoin rallied from an early morning intraday low $37.10 to a late intraday high $39.79.

Litecoin broke through the first major resistance level at $38.53 to revisit $39 levels before a late pullback.

The second major resistance level at $39.95 limited the upside on the day.

At the time of writing, Litecoin was down by 0.8% to $38.68. A mixed start to the day saw Litecoin rise to an early morning high $39.41 before falling to a low $38.38.

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

Litecoin would need to move back through to $39 levels to support another run the first major resistance level at $40.15.

Support from the broader market would be needed, however, for Litecoin to break out from Mondays high $39.79.

Barring an extended crypto rally, the first major resistance at $40.15 would likely limit any upside on the day.

Failure to move back through to $39 levels could see Litecoin fall deeper into the red.

A fall back through to sub-$38.60 levels would bring the first major support level at $37.46 into play.

Barring a crypto sell-off, however, Litecoin should steer clear of the second major support level at $35.94.

Major Support Level: $37.46

Major Resistance Level: $40.15

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rallied by 6.03% on Monday. Reversing a 5.62% slide from Sunday, Stellars Lumen ended the day at $0.040118.

Tracking the broader market, Stellars Lumen rallied from an early morning intraday low $0.037837 to a late intraday high $0.041070.

Stellars Lumen broke through the first major resistance level at $0.03947 to come up against the second major resistance level at $0.04113.

In spite of a late pullback, Stellars Lumen avoided a return to sub-$0.040 levels.

At the time of writing, Stellars Lumen was up by 0.71% to $0.040404. A mixed start to the day saw Stellars Lumen rise from an early morning low $0.040148 to a high $0.040622.

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

Story continues

Stellars Lumen would need to move back through the morning high $0.040622 to support a run at the first major resistance level at $0.04151.

Support from the broader market would be needed, however, for Stellars Lumen to break out from Mondays high $0.041070.

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

Failure to move back through the morning high $0.040622 could see Stellars Lumen hit reverse.

A fall back through to sub-$0.040 levels would bring the first major support level at $0.03828 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of the second major support level at $0.03644.

Major Support Level: $0.03828

Major Resistance Level: $0.04151

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 7.55% on Monday. Reversing a 6.08% slide from Sunday, Trons TRX ended the day at $0.011508.

Bullish throughout the day, Trons TRX rallied from an early morning intraday low $0.010672 to a late intraday high $0.011861.

Trons TRX broke through the first major resistance level at $0.01118 and the second major resistance level at $0.01164.

Falling short of $0.012 levels, Trons TRX fell back through the second major resistance level late in the day.

At the time of writing, Trons TRX was down by 0.81% to $0.011415. A mixed start to the day saw Trons TRX rise to an early morning high $0.011669 before falling to a low $0.011415.

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

Trons TRX would need to move back through the morning high $0.011669 to bring the first major resistance level at $0.01202 into play.

Support from the broader market would be needed, however, for Trons TRX to break out from Mondays high $0.011861.

Barring an extended crypto rally, the first major resistance at $0.01202 would likely cap any upside.

Failure to move back through the morning high $0.011669 could see Trons TRX fall deeper into the red.

A fall through to sub-$0.01135 levels would bring the first major support level at $0.01083 into play.

Barring another crypto meltdown, however, Trons TRX should steer clear of the second major support level at $0.01016.

Major Support Level: $0.01083

Major Resistance Level: $0.01202

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 31/03/20 - Yahoo Finance

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