Litecoin<\/p>\n
Litecoin rose by 3.68% on Tuesday. Following on from a 4.19% rally on Monday, Litecoin ended the day at $60.62.<\/p>\n
A bullish start to the day saw Litecoin rally to an early morning intraday high $61.44 before hitting reverse.<\/p>\n
Litecoin broke through the first major resistance level at $60.05 before sliding to a late afternoon intraday low $57.17.<\/p>\n
In spite of the pullback, Litecoin steered clear of the first major support level at $56.31. Late in the day, Litecoin broke back through the first major resistance level to wrap up the day at $60 levels.<\/p>\n
At the time of writing, Litecoin was up by 0.28% to $60.79. A mixed start to the day saw Litecoin rise from an early morning low $60.25 to a high $62.40 before falling back.<\/p>\n
Litecoin broke through the 23.6% FIB of $62 and the first major resistance level at $62.32 early on.<\/p>\n
Litecoin would need to break back through 23.6% FIB to support a run at the first major resistance level at $62.32.<\/p>\n
Support from the broader market would be needed, however, for Litecoin to break back through to $61 levels.<\/p>\n
Barring an extended crypto rally, the 23.6% FIB and first major resistance level would likely limit any upside.<\/p>\n
In the event of another crypto breakout, the second major resistance level at $64.01 would likely limit any upside on the day.<\/p>\n
Failure to break back through the 23.6% FIB could see Litecoin come under pressure.<\/p>\n
A fall back through the morning low $60.25 to sub-$60 levels would bring the first major support level at $58.05 into play.<\/p>\n
Barring a crypto meltdown, however, Litecoin should steer clear of Tuesdays low $57.17.<\/p>\n
Major Support Level: $58.05<\/p>\n
Major Resistance Level: $62.32<\/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 rose by 0.78% on Tuesday. Following on from a 1.87% gain on Monday, Stellars Lumen ended the day at $0.060676.<\/p>\n
A choppy start to the day saw Stellars Lumen fall to a late morning intraday low $0.059087 before finding support.<\/p>\n
Steering clear of the first major support level at $0.05816, Stellars Lumen rallied to an early afternoon intraday high $0.061917.<\/p>\n
Stellars Lumen broke through the first major resistance level at $0.06112 before falling back to sub-$0.060 levels.<\/p>\n
Finding support late on, Stellars Lumen broke back through the first major resistance level before easing back to $0.060 levels.<\/p>\n
At the time of writing, Stellars Lumen was up by 0.80% to $0.061161. A bullish start to the day saw Stellars Lumen rise from an early morning low $0.060802 to a high $0.061544.<\/p>\n
Stellars Lumen left the major support and resistance levels untested early on.<\/p>\n
Story continues<\/p>\n
Stellars Lumen would need to break back through the morning high $0.061544 to support a run at the first major resistance level at $0.06203.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to break back through the Tuesdays high $0.061917.<\/p>\n
Barring an extended crypto rally, the first major resistance level at $0.06203 and Tuesdays high should limit any upside.<\/p>\n
Failure to move back through the morning high $0.061544 could see Stellars Lumen hit reverse.<\/p>\n
A fall through to sub-$0.06060 levels would bring the first major support level at $0.05920 into play.<\/p>\n
Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.059 levels.<\/p>\n
Major Support Level: $0.05920<\/p>\n
Major Resistance Level: $0.06203<\/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 surged by 8.97% on Tuesday. Following on from a 1.09% gain on Monday, Trons TRX end the day at $0.018681.<\/p>\n
Tracking the broader market, Trons TRX rallied from an early morning intraday low $0.017144 to an early afternoon intraday high $0.018942.<\/p>\n
Trons TRX broke through the major resistance levels before falling back to sub-$0.018 levels.<\/p>\n
Finding late support, Trons TRX broke back through the major resistance levels to close out the day at $0.018 levels.<\/p>\n
At the time of writing, Trons TRX was up by 1.37% to $0.018936. A mixed start to the day saw Trons TRX fall to an early morning low $0.018573 before striking a high $0.018936.<\/p>\n
Trons TRX left the major support and resistance levels untested early on.<\/p>\n
Trons TRX would need to move through Tuesdays high $0.018942 levels to support a run at the first major resistance level at $0.01937.<\/p>\n
Support from the broader market would be needed, however, for Trons TRX to break through to $0.019 levels.<\/p>\n
Barring an extended crypto rally, first major resistance level, and Tuesdays high would likely pin Trons TRX back.<\/p>\n
Failure to move through to Tuesdays high could see Trons TRX hit reverse.<\/p>\n
A fall back through the morning low $0.018573 to sub-$0.01830 levels would bring the first major support level at $0.01757 into play.<\/p>\n
Barring a crypto meltdown, however, Trons TRX should steer well clear of the second major support level at $0.01646 on the day.<\/p>\n
Major Support Level: $0.01757<\/p>\n
Major Resistance Level: $0.01937<\/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, Stellar's Lumen, and Tron's TRX Daily Analysis 29\/01\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin Litecoin rose by 3.68% on Tuesday. Following on from a 4.19% rally on Monday, Litecoin ended the day at $60.62 Continue reading