Litecoin<\/p>\n
Litecoin slid by 3.35% on Wednesday. Following on from a 0.69% decline on Tuesday, Litecoin ended the day at $48.54.<\/p>\n
A mixed start to the day saw Litecoin rise to an early morning intraday high $50.72 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $51.48, Litecoin slid to a late afternoon intraday low $45.44.<\/p>\n
Litecoin fell through the first major support level at $48.82 and the second major support level at $47.50.<\/p>\n
Finding late support, Litecoin broke back through the major support levels to hit $49 levels before easing back.<\/p>\n
The pullback saw Litecoin fall back through the first major support level at $48.82.<\/p>\n
At the time of writing, Litecoin was down by 1.71% to $47.71. A bearish start to the day saw Litecoin fall from an early morning high $48.79 to a low $47.71.<\/p>\n
Litecoin left the major support and resistance levels untested early on.<\/p>\n
Litecoin would need to move back through to $48.20 levels to support a run the first major resistance level at $51.03.<\/p>\n
Support from the broader market would be needed, however, for Litecoin to break out from Wednesdays high $50.72.<\/p>\n
Barring an extended crypto rally, the first major resistance level, and Wednesdays high would likely cap any upside.<\/p>\n
Failure to move through to $48.20 levels could see Litecoin fall deeper into the red.<\/p>\n
A fall back through to sub-$47 levels would bring the first major support level at $45.75 into play.<\/p>\n
Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$45 support levels.<\/p>\n
Major Support Level: $45.75<\/p>\n
Major Resistance Level: $51.03<\/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 2.52% on Wednesday. Following on from a 0.27% decline on Tuesday, Stellars Lumen ended the day at $0.050765.<\/p>\n
Tracking the broader market, Stellars Lumen rose to an early morning intraday high $0.052531 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $0.053410, Stellars Lumen slid to a late afternoon intraday low $0.047623.<\/p>\n
The reversal saw Stellars Lumen fall through the first major support level at $0.05076 and second major support level at $0.04947.<\/p>\n
Finding support late on, Stellars Lumen broke back through the second major support level.<\/p>\n
Resistance at the first major support level at $0.05076 pinned Stellars Lumen back at the day end.<\/p>\n
At the time of writing, Stellars Lumen was down by 1.47% to $0.050019. A bearish start to the day saw Stellars Lumen fall from an early morning high $0.050669 to a low $0.049973.<\/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 back through to $0.05030 levels to support a run at the first major resistance level to $0.05299.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to break back through to $0.052 levels.<\/p>\n
Barring a broad-based crypto rebound, the first major resistance level and Wednesdays high $0.052531 would likely limit any upside on the day.<\/p>\n
Failure to move through to $0.05030 levels could see Stellars Lumen fall deeper into the red.<\/p>\n
A fall back through to sub-$0.050 levels would bring the first major support level at $0.04808 into play.<\/p>\n
Barring a broad-based crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.047 support levels.<\/p>\n
Major Support Level: $0.04808<\/p>\n
Major Resistance Level: $0.05299<\/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 1.46% on Wednesday. Reversing a 0.49% gain from Tuesday, Trons TRX ended the day at $0.014959.<\/p>\n
Tracking the broader market, Trons TRX rose to an early morning intraday high $0.015324 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $0.01546, Trons TRX slid to a late afternoon intraday low $0.014120.<\/p>\n
Trons TRX slide through the first major support level at $0.01472 and the second major support level at $0.01434.<\/p>\n
Finding support late in the day, Trons TRX broke back through the major support levels to revisit $0.015 levels before easing back.<\/p>\n
At the time of writing, Trons TRX was down by 1.33% to $0.014761. A bearish start to the day saw Trons TRX fall from an early morning high $0.014937 to a low $0.014761.<\/p>\n
Trons TRX left the major support and resistance levels untested early on.<\/p>\n
Trons TRX would need to move back through to $0.01480 levels to support a run at the first major resistance level at $0.01548.<\/p>\n
Support from the broader market would be needed, however, for Trons TRX to break out from the Wednesdays high $0.015324.<\/p>\n
Barring an extended crypto rally, the first major resistance at $0.01548 and Wednesdays high would likely cap any upside.<\/p>\n
Failure to move through to $0.01480 levels could see Trons TRX struggle throughout the day.<\/p>\n
A fall back through the morning low $0.014761 would bring the first major support level at $0.01428 into play.<\/p>\n
Barring an extended crypto sell-off, however, Trons TRX should steer clear of sub-$0.014 levels on the day.<\/p>\n
Major Support Level: $0.01428<\/p>\n
Major Resistance Level: $0.01548<\/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 12\/03\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin Litecoin slid by 3.35% on Wednesday. Following on from a 0.69% decline on Tuesday, Litecoin ended the day at $48.54. A mixed start to the day saw Litecoin rise to an early morning intraday high $50.72 before hitting reverse. Continue reading