Litecoin
Litecoin rose by 1.83% on Tuesday. Reversing a 1.38% fall from Monday, Litecoin ended the day at $42.26.
A bullish morning saw Litecoin rally to an early afternoon intraday high $42.87 before hitting reverse.
Falling short of the first major resistance level at $43.33, Litecoin slid to a late intraday low $41.31.
Steering clear of the first major support level at $39.53, Litecoin recovered to $42 levels to wrap up the day in the green.
At the time of writing, Litecoin was up by 0.09% to $42.30. A bullish start to the day saw Litecoin rise from an early morning low $41.99 to a high $42.44.
Litecoin left the major support and resistance levels untested early on.
Litecoin would need to move through to $42.50 levels to support a run at the first major resistance level at $42.98.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesdays high $42.87.
Barring an extended crypto rally, the first major resistance level, and Tuesdays high would likely limit any upside.
Failure to move through to $42.50 levels could see Litecoin struggle later in the day.
A fall through to sub-$42.15 levels would bring the first major support level at $41.42 into play.
Barring another extended crypto sell-off, however, Litecoin should steer clear the second major support level at $40.59.
Major Support Level: $41.42
Major Resistance Level: $42.98
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellars Lumen rallied by 12.16% on Tuesday. Reversing a 3.56% slide from Monday, Stellars Lumen ended the day at $0.069986.
A bullish day saw Stellars Lumen rally from an early intraday low $0.062399 to a late afternoon intraday high $0.070164.
Stellars Lumen broke through the first major resistance level at $0.06502 and the second major resistance level at $0.06741.
A late pullback saw Stellars Lumen fall to $0.06750 levels before wrapping up the day at $0.069 levels.
The second major resistance level at $0.06741 limited the downside late in the day.
At the time of writing, Stellars Lumen was 0.28% to $0.070181. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.070500 before falling to a low $0.069633.
Stellars Lumen left the major support and resistance levels untested early on.
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Stellars Lumen would need to move through to $0.07100 levels to bring the first major resistance level at $0.07274 into play.
Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.070500.
Barring an extended crypto rally, resistance at $0.071 would likely leave Stellars Lumen short of the first major resistance level.
Failure to move through to $0.07100 levels could see Stellars Lumen hit reverse.
A fall through to sub-$0.06760 levels would bring the first major support level at $0.06482 into play.
Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.060 levels on the day.
Major Support Level: $0.064820
Major Resistance Level: $0.072740
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Trons TRX rose by 3.23% on Tuesday. Reversing a 2.02% decline from Monday, Trons TRX ended the day at $0.014547.
A mixed start to the day saw Trons TRX fall to an early morning intraday low $0.013995 before making a move.
Steering clear of the first major support level at $0.01330, Trons TRX rallied to a late morning intraday high $0.014963.
Trons TRX broke through the first major resistance level at $0.01457 before sliding back to $0.01420 levels.
Finding late support from the broader market, however, Trons TRX moved back through to $0.0144 levels.
At the time of writing, Trons TRX was up by 1.63% to $0.014784. A bullish start to the day saw Trons TRX rise from an early morning low $0.014593 to a high $0.014784.
Trons TRX left the major support and resistance levels untested early on.
Trons TRX would need to avoid sub-$0.01450 levels to support a run at the first major resistance level at $0.01501.
Support from the broader market would be needed, however, for Trons TRX to break out from the Tuesdays high $0.014963.
Barring an extended crypto rebound, the first major resistance level and Tuesdays high $0.014963 would likely limit any upside.
Failure to move through to avoid sub-$0.01450 levels could see Trons TRX fall back into the red.
A fall through the morning low to sub-$0.01450 levels would bring the first major support level at $0.01404 into play.
Barring another crypto meltdown, however, Trons TRX should steer clear of the second major support level at $0.01353.
Major Support Level: $0.01404
Major Resistance Level: $0.01501
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
Read more from the original source:
Litecoin, Stellar's Lumen, and Tron's TRX Daily Analysis 13/05/20 - Yahoo Finance