Litecoin<\/p>\n
Litecoin rose by 0.33% on Wednesday. Following on from a 0.41% gain on Tuesday, Litecoin ended the day at $39.33.<\/p>\n
A bearish start to the day saw Litecoin slide to a late afternoon intraday low $37.17.<\/p>\n
Litecoin fell through the first major support level at $38.55 and the second major support level at $37.95.<\/p>\n
Finding support from the broader market, Litecoin rallied to a final hour intraday high $39.50.<\/p>\n
While breaking back through the major support levels, the first major resistance level at $39.58 pinned Litecoin back late on.<\/p>\n
At the time of writing, Litecoin was up by 0.74% to $39.62. A bullish start to the day saw Litecoin rise from an early morning low $39.12 to a high $39.93 before easing back.<\/p>\n
Litecoin left the major support and resistance levels untested early on.<\/p>\n
Litecoin would need to steer clear of sub-$39 levels to support another run the first major resistance level at $40.16<\/p>\n
Support from the broader market would be needed, however, for Litecoin to break out from the morning high $39.93.<\/p>\n
Barring an extended crypto rally, the first major resistance would likely pin Litecoin back on the day.<\/p>\n
Failure to avoid sub-$39 levels could see Litecoin slide back into the red.<\/p>\n
A fall back through to sub-$38.70 levels would bring the first major support level at $37.83 into play.<\/p>\n
Barring a crypto sell-off, however, Litecoin should steer clear of sub-$37 support levels.<\/p>\n
Major Support Level: $37.83<\/p>\n
Major Resistance Level: $40.16<\/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 1.40% on Wednesday. Following on from a 1.90% gain on Tuesday, Stellars Lumen ended the day at $0.041073.<\/p>\n
Tracking the broader market, Stellars Lumen fell to a late afternoon intraday low $0.039138 before finding support.<\/p>\n
The sell-off saw Stellars Lumen fall through the first major support level at $0.04016 and second major support level at $0.03940.<\/p>\n
A late rebound saw Stellars Lumen rally to a final hour intraday high $0.041140.<\/p>\n
While breaking back through the support levels, Stellars Lumen fell short of the first major resistance level at $0.04150.<\/p>\n
At the time of writing, Stellars Lumen was down by 0.86% to $0.040718. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.041474 before falling to a low $0.040718.<\/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 the morning high $0.041474 to support a run at the first major resistance level at $0.041760.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to break through to $0.04150 levels.<\/p>\n
Barring a late morning rebound, resistance at $0.04150 would likely leave Stellars Lumen short of the first major resistance level.<\/p>\n
Failure to move back through to $0.04140 levels could see Stellars Lumen struggle throughout the day.<\/p>\n
A fall back through to sub-$0.04050 levels would bring the first major support level at $0.03976 into play.<\/p>\n
Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.039 support levels.<\/p>\n
Major Support Level: $0.03976<\/p>\n
Major Resistance Level: $0.04176<\/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 rose by 0.36% on Wednesday. Following on from a 1.08% gain on Tuesday, Trons TRX ended the day at $0.011642.<\/p>\n
Bearish through most of the day, Trons TRX fell to a late afternoon intraday low $0.011161.<\/p>\n
Trons TRX slid through the first major support level at $0.01148 and the second major support level at $0.01132.<\/p>\n
Finding support late on, Trons TRX broke back through the major support levels to strike an intraday high $0.011688.<\/p>\n
In spite of the breakout, Trons TRX fell short of the first major resistance level at $0.01179 on the day.<\/p>\n
At the time of writing, Trons TRX was down by 0.05% to $0.011636. It has been a mixed start to the day. Trons TRX rose to an early morning high $0.011783 before falling to a low $0.011590.<\/p>\n
Trons TRX left the major support and resistance levels untested.<\/p>\n
Trons TRX would need to move back through to $0.01170 levels to bring the first major resistance level at $0.01183 into play.<\/p>\n
Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.011783.<\/p>\n
Barring a broad-based crypto rally, the first major resistance at $0.01183 would likely cap any upside.<\/p>\n
Failure to move back through to $0.01170 levels could see Trons TRX fall deeper into the red.<\/p>\n
A fall through to sub-$0.01150 levels would bring the first major support level at $0.01131 into play.<\/p>\n
Barring an extended crypto sell-off, however, Trons TRX should continue to steer clear of sub-0.011 levels.<\/p>\n
Major Support Level: $0.01131<\/p>\n
Major Resistance Level: $0.01183<\/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 02\/04\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin Litecoin rose by 0.33% on Wednesday. Following on from a 0.41% gain on Tuesday, Litecoin ended the day at $39.33 Continue reading