Litecoin<\/p>\n
Litecoin tumbled by 14.81% on Wednesday. Following on from a 6.08% slide on Tuesday, Litecoin ended the day at $60.42.<\/p>\n
A bearish start to the day saw Litecoin fall from an early morning intraday high $72.16 to a late afternoon intraday low $57.52.<\/p>\n
Steering clear of the major resistance levels, Litecoin fell through the major support levels of the day. Litecoin also slid through the 23.6% FIB of $62.00.<\/p>\n
Late in the day, Litecoin briefly broke back through the third major support level at $58.49 and 23.6% FIB before wrapping up the day at $60 levels.<\/p>\n
At the time of writing, Litecoin was down by 0.22% to $60.29. A mixed start to the day saw Litecoin fall to an early morning low $57.10 before striking a high $61.02.<\/p>\n
Litecoin left the major support and resistance levels untested early on.<\/p>\n
Litecoin would need to move through to $63.40 levels to support a run the first major resistance level at $69.21.<\/p>\n
Support from the broader market would be needed, however, for Litecoin to break out from the 23.6% FIB of $62.<\/p>\n
Barring a broad-based crypto rebound, Litecoin would likely fall well short of the first major resistance level.<\/p>\n
Failure to move through to $63.40 levels could see Litecoin fall deeper into the red.<\/p>\n
A fall back through the morning low $57.10 would bring the first major support level at $54.57 into play.<\/p>\n
Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$50 support levels on the day.<\/p>\n
Major Support Level: $54.57<\/p>\n
Major Resistance Level: $69.21<\/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 7.57% on Wednesday. Following on from a 6.47% fall on Tuesday, Stellars Lumen ended the day at $0.059109.<\/p>\n
Tracking the broader market, Stellars Lumen slid from an early morning intraday high $0.064759 to a late afternoon intraday low $0.056106.<\/p>\n
Stellars Lumen fell through the first major support level at $0.06249 and the second major support level at $0.06024.<\/p>\n
Finding support late on, Stellars Lumen briefly moved back through the second major support level before wrapping up the day at sub-$0.060 levels.<\/p>\n
At the time of writing, Stellars Lumen was down by 1.73% to $0.058088. A bearish start to the day saw Stellars Lumen fall from an early morning high $0.058438 to a low $0.056181.<\/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 move through to $0.060 levels to support a run at the first major resistance level at $0.06388.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.058438.<\/p>\n
Barring a broad-based crypto rebound, resistance at $0.060 would likely leave Stellars Lumen short of the first major resistance level.<\/p>\n
Failure to move through to $0.060 levels could see Stellars Lumen struggle in the day.<\/p>\n
A fall back through the morning low $0.0561818 would bring the first major support level at $0.05522 into play.<\/p>\n
Barring another extended crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.055 support levels.<\/p>\n
Major Support Level: $0.05522<\/p>\n
Major Resistance Level: $0.06388<\/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 tumbled by 13.26% on Wednesday. Following on from a 4.65% fall on Tuesday, Trons TRX ended the day at $0.016410.<\/p>\n
Bearish through the day, Trons TRX fell from an early morning intraday high $0.019145 to a late afternoon intraday low $0.015610.<\/p>\n
The reversal saw Trons TRX slide through the major support levels of the day before finding support.<\/p>\n
Finding support late on, Trons TRX recovered to $0.0167 levels before easing back. The third major support level at $0.01670 pinned Trons TRX back late in the day.<\/p>\n
At the time of writing, Trons TRX was up by 1.83% to $0.016710. A mixed start to the day saw Trons TRX fall to an early morning low $0.015910 before striking a high $0.01680.<\/p>\n
Trons TRX left the major support and resistance levels untested early on.<\/p>\n
Trons TRX would need to move through to $0.0170 levels to support a run at the first major resistance level at $0.01850.<\/p>\n
Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.01680.<\/p>\n
Barring an extended crypto rebound, resistance at $0.018 would likely leave Trons TRX short of the first major resistance level.<\/p>\n
Failure to move through to $0.0170 levels could see Trons TRX slide back into the red.<\/p>\n
A fall back through to sub-$0.016 levels would bring the first major support level at $0.01497 into play.<\/p>\n
Barring an extended crypto sell-off, however, Trons TRX should steer clear of sub-$0.015 levels on the day.<\/p>\n
Major Support Level: $0.01497<\/p>\n
Major Resistance Level: $0.01850<\/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 27\/02\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin Litecoin tumbled by 14.81% on Wednesday. Following on from a 6.08% slide on Tuesday, Litecoin ended the day at $60.42. A bearish start to the day saw Litecoin fall from an early morning intraday high $72.16 to a late afternoon intraday low $57.52 Continue reading