Litecoin<\/p>\n
Litecoin rose by 1.06% on Wednesday. Following on from a 0.65% gain on Tuesday, Litecoin ended the day at $58.10.<\/p>\n
A mixed start to the day saw Litecoin fall to an early morning intraday low $57.03 before making a move.<\/p>\n
Steering clear of the first major support level at $56.91, Litecoin rallied to a mid-morning intraday high $59.13.<\/p>\n
Litecoin broke through the first major resistance level at $58.03 and second major resistance level at $58.56 before easing back.<\/p>\n
At the time of writing, Litecoin was down by 2.03% to $56.92. A bearish start to the day saw Litecoin slide from an early morning high $58.20 to a low $56.89.<\/p>\n
Steering clear of the major resistance levels, Litecoin fell through the first major support level at $57.04.<\/p>\n
Litecoin would need to break back through the first major support level to $58 levels to bring the first major resistance level at $59.14 into play.<\/p>\n
Support from the broader market would be needed, however, for Litecoin to break back through to $59 levels.<\/p>\n
Barring a broad-based crypto rally, resistance at $58 would likely limit any upside.<\/p>\n
Failure to move through to $58 levels would likely see Litecoin spend the day in the red.<\/p>\n
A fall back through the morning low $56.89 would bring the second major support level at $55.99 into play.<\/p>\n
Barring a crypto meltdown, however, Litecoin should steer clear of sub-$55 levels on the day.<\/p>\n
Major Support Level: $57.04<\/p>\n
Major Resistance Level: $59.14<\/p>\n
23.6% FIB Retracement Level: $62<\/p>\n
38.2% FIB Retracement Level: $78<\/p>\n
62% FIB Retracement Level: $104<\/p>\n
Stellars Lumen slid by 2.47% on Wednesday. Reversing a 0.32% gain from Tuesday, Stellars Lumen end the day at $0.061391.<\/p>\n
A relatively bullish start to the day saw Stellars Lumen rise to a late morning intraday high $0.063584 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $0.06439, Stellars Lumen slid to a late intraday low $0.060850.<\/p>\n
Stellars Lumen fell through the first major support level at $0.061420 before finding support to move back through to $0.061 levels.<\/p>\n
In spite of the late support, Stellars Lumen failed to break back through the first major support level at the day end.<\/p>\n
At the time of writing, Stellars Lumen was down by 1.82% to $0.060273. A bearish start to the day saw Stellars Lumen fall from an early morning high $0.061139 to a low $0.060120.<\/p>\n
Steering clear of the major resistance levels, Stellars Lumen fell through the first major support level at $0.06030.<\/p>\n
Story continues<\/p>\n
Stellars Lumen would need to break back through the first major support level and move through to $0.062 levels to support a run at the first major resistance level at $0.06303.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to break back through to $0.062 levels.<\/p>\n
Barring a broad-based crypto rally, the first major resistance level and Tuesdays high $0.063584 should limit any upside.<\/p>\n
Failure to move back through to sub-$0.062 levels could see Stellars Lumen struggle throughout the day.<\/p>\n
A fall through to sub-$0.060 levels would bring the second major support level at $0.05921 into play.<\/p>\n
Barring a crypto meltdown, however, Stellars Lumen should steer well clear of the third major support level at $0.05647.<\/p>\n
Major Support Level: $0.06030<\/p>\n
Major Resistance Level: $0.06303<\/p>\n
23.6% FIB Retracement Level: $0.1051<\/p>\n
38% FIB Retracement Level: $0.1433<\/p>\n
62% FIB Retracement Level: $0.2050<\/p>\n
Trons TRX fell by 0.14% on Wednesday. Following a 4.39% rally on Tuesday, Trons TRX ended the day at $0.017414<\/p>\n
A bullish start to the day saw Trons TRX rise to a mid-morning intraday high $0.01750 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $0.01774, Trons TRX fell to an early evening intraday low $0.01705.<\/p>\n
Steering clear of the first major support level at $0.01673, Trons TRX recovered to $0.0174 levels to limit the loss on the day.<\/p>\n
At the time of writing, Trons TRX was down by 1.36% to $0.017177. A bearish start to the day saw Trons TRX fall from an early morning high $0.017514 to a low $0.017075.<\/p>\n
Trons TRX fell through the first major support level at $0.01714 early, whilst leaving the major resistance levels untested.<\/p>\n
Trons TRX would need to move back through the first major support level to $0.01730 levels to support a run at the first major resistance level at $0.01759.<\/p>\n
Support from the broader market would be needed, however, for Trons TRX to break through to $0.01730 levels.<\/p>\n
Barring a broad-based crypto rally, Wednesdays high $0.01750 and first major resistance level would likely cap any upside.<\/p>\n
Failure to move through to $0.01730 levels could see Trons TRX slide deeper into the red.<\/p>\n
A fall back through the morning low $0.017075 would bring the sub-$0.017 levels into play before any recovery.<\/p>\n
Barring a crypto meltdown, however, Trons TRX should steer well clear of sub-$0.016 levels. The second major support level at $0.01687 should limit any downside on the day.<\/p>\n
Major Support Level: $0.01714<\/p>\n
Major Resistance Level: $0.01759<\/p>\n
23.6% FIB Retracement Level: $0.0322<\/p>\n
38.2% FIB Retracement Level: $0.0452<\/p>\n
62% FIB Retracement Level: $0.0663<\/p>\n
Please let us know what you think in the comments below<\/p>\n
Thanks, Bob<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 23\/01\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin Litecoin rose by 1.06% on Wednesday. Following on from a 0.65% gain on Tuesday, Litecoin ended the day at $58.10. Continue reading