Litecoin<\/p>\n
Litecoin fell by 1.65% on Wednesday. Partially reversing a 3.68% gain from Tuesday, Litecoin ended the day at $59.62.<\/p>\n
A bullish start to the day saw Litecoin rally to an early morning intraday high $62.40 before hitting reverse.<\/p>\n
Litecoin broke through 23.6% FIB of $62 and the first major resistance level at $60.32 before sliding to a late afternoon intraday low $59.32.<\/p>\n
In spite of the pullback, Litecoin steered clear of the first major support level at $58.05.<\/p>\n
Late in the day, Litecoin broke back through to $60 levels before a final hour slide back to sub-$60.<\/p>\n
At the time of writing, Litecoin was down by 1.33% to $58.83. A bearish start to the day saw Litecoin fall from an early morning high $59.73 to a low $58.10.<\/p>\n
Litecoin fell through the first major support level at $58.49 early on.<\/p>\n
Litecoin would need to move back through to $60.50 levels to support a run at the first major resistance level at $61.57.<\/p>\n
Support from the broader market would be needed, however, for Litecoin to break out from the morning high $59.73.<\/p>\n
Barring an extended crypto rally, first major resistance level and the 23.6% FIB of $62 would likely limit any upside.<\/p>\n
In the event of another crypto breakout, the second major resistance level at $63.53 would likely limit any upside on the day.<\/p>\n
Failure to break back through to $60.50 levels could see Litecoin struggle throughout the day.<\/p>\n
A fall back through the first major support level at $58.49 would bring sub-$58 levels into play.<\/p>\n
Barring a crypto meltdown, however, Litecoin should steer clear of the second major support level at $57.37.<\/p>\n
Major Support Level: $58.49<\/p>\n
Major Resistance Level: $61.57<\/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 fell by 0.52% on Wednesday. Partially reversing a 0.78% gain from Tuesday, Stellars Lumen ended the day at $0.060581.<\/p>\n
A bullish start to the day saw Stellars Lumen rally to a mid-morning intraday high $0.063061 before hitting reverse.<\/p>\n
Story continues<\/p>\n
Stellars Lumen broke through the first major resistance level at $0.06203 before sliding to a mid-afternoon intraday low $0.060088.<\/p>\n
Steering clear of the first major support level at $0.05920, Stellars Lumen recovered to 0.06150 levels before a late pullback into the red.<\/p>\n
At the time of writing, Stellars Lumen was down by 0.71% to $0.060153. A bearish start to the day saw Stellars Lumen fall from an early morning high $0.060788 to a low $0.059893.<\/p>\n
Stellars Lumen left the major support and resistance levels untested early on.<\/p>\n
Stellars Lumen would need to move through to $0.06124 levels to support a run at the first major resistance level at $0.06240.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to break back through to $0.061 levels.<\/p>\n
Barring an extended crypto rally, the first major resistance level at $0.06240 would likely leave Stellars Lumen short of $0.063 levels.<\/p>\n
Failure to move through to $0.06124 could see Stellars Lumen slide deeper into the red.<\/p>\n
A fall back through to sub-$0.060 levels would bring the first major support level at $0.05943 into play.<\/p>\n
Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.059 levels.<\/p>\n
Major Support Level: $0.05943<\/p>\n
Major Resistance Level: $0.06240<\/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 slipped by 0.1% on Wednesday. Following an 8.97% surge on Tuesday, Trons TRX ended the day at $0.018619.<\/p>\n
A bullish start to the day saw Trons TRX rally to a mid-morning intraday high $0.019799 before hitting reverse.<\/p>\n
Trons TRX broke through the first major resistance level at $0.01937 before sliding back to a late morning intraday low $0.018561.<\/p>\n
Steering clear of the first major support level at $0.01747, Trons TRX recovered to $0.0192 levels before a final hour slide into the red.<\/p>\n
At the time of writing, Trons TRX was down by 2.67% to $0.018121. A bearish start to the day saw Trons TRX fall from an early morning high $0.018561 to a low $0.017748.<\/p>\n
Steering clear of the major resistance levels, Trons TRX fell through the first major support level at $0.01819. The second major support level at $0.01776 limited the downside early on.<\/p>\n
Trons TRX would need to break through the first major support level at $0.01819 and move through to $0.019 levels support a run at the first major resistance level at $0.01943.<\/p>\n
Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.018561.<\/p>\n
Barring a broad-based crypto rebound, resistance at $0.019 would likely limit any upside on the day.<\/p>\n
Failure to move through to $0.019 levels could see Trons TRX struggle throughout the day.<\/p>\n
A fall back through the second major support level at $0.01776 would bring sub-$0.017 levels into play.<\/p>\n
Barring a crypto meltdown, however, Trons TRX should steer well clear of the third major support level at $0.01652 on the day.<\/p>\n
Major Support Level: $0.01819<\/p>\n
Major Resistance Level: $0.01943<\/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 30\/01\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin Litecoin fell by 1.65% on Wednesday. Partially reversing a 3.68% gain from Tuesday, Litecoin ended the day at $59.62. A bullish start to the day saw Litecoin rally to an early morning intraday high $62.40 before hitting reverse. Continue reading