Litecoin<\/p>\n
Litecoin rose by 2.92% on Wednesday. Following on from a 1.09% gain on Tuesday, Litecoin ended the day at $41.88.<\/p>\n
A bearish start to the day saw Litecoin fall to an early morning intraday low $40.33 before making a move.<\/p>\n
Steering clear of the first major support level at $40.10, Litecoin rallied to a late afternoon intraday high $42.38.<\/p>\n
Litecoin broke through the first major resistance level at $41.35 and the second major resistance level at $42.00.<\/p>\n
A late pullback saw Litecoin fall back through the second major resistance level to wrap up the day at sub-$42.00.<\/p>\n
At the time of writing, Litecoin was down by 0.17% to $41.81. A mixed start to the day saw Litecoin fall to an early morning low $41.65 before striking a high $42.30.<\/p>\n
Litecoin left the major support and resistance levels untested early on.<\/p>\n
Litecoin would need to move back through to $42 levels to support a run the first major resistance level at $42.73.<\/p>\n
Support from the broader market would be needed, however, for Litecoin to breakout out from Wednesdays high $42.38.<\/p>\n
Barring an extended crypto rally, the first major resistance level at $42.73 would likely limit any upside on the day.<\/p>\n
Failure to move back through to $42 levels could see Litecoin fall deeper into the red.<\/p>\n
A fall through to sub-$41.50 levels would bring the first major support level at $40.68 into play.<\/p>\n
Barring a broad-based crypto sell-off, however, Litecoin should steer clear of the second major support level at $39.48.<\/p>\n
Major Support Level: $40.68<\/p>\n
Major Resistance Level: $42.73<\/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 rallied by 7.88% on Wednesday. Following on from a 1.52% gain on Tuesday, Stellars Lumen ended the day at $0.05490.<\/p>\n
Bullish throughout the day, Stellars Lumen rallied from an early morning intraday low $0.050892 to an early afternoon intraday high $0.05497.<\/p>\n
Stellars Lumen broke through the first major resistance level at $0.05209 and the second major resistance level at $0.05316.<\/p>\n
In spite of a brief pullback to sub-$0.054 levels, Stellars Lumen held above the second major resistance level before breaking back through to $0.054 levels.<\/p>\n
At the time of writing, Stellars Lumen was up by 2.91% to $0.056497. A bullish start to the day saw Stellars Lumen rally from an early morning low $0.05500 to a high $0.057648.<\/p>\n
Stellars Lumen broke through the first major resistance level at $0.05628 to test the second major resistance level at $0.05767.<\/p>\n
Story continues<\/p>\n
Stellars Lumen would need to hold above the first major resistance level at $0.05628 to take a run at the second major resistance level at $0.05767.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to breakout from the morning high $0.057648.<\/p>\n
Barring a broad-based crypto rebound, the second major resistance level would likely limit any upside on the day.<\/p>\n
Failure to hold above the first major resistance level could see Stellars Lumen hit reverse.<\/p>\n
A fall back through to sub-$0.05360 levels would bring the first major support level at $0.05220 into play.<\/p>\n
Barring a broad-based crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.050 levels.<\/p>\n
Major Support Level: $0.05220<\/p>\n
Major Resistance Level: $0.05628<\/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 3.92% on Wednesday. Following on from a 0.84% gain on Tuesday, Trons TRX ended the day at $0.012991.<\/p>\n
A bearish start to the day saw Trons TRX fall to an early morning intraday low $0.012462 before making a move.<\/p>\n
Steering clear of the first major support level at $0.01233, Trons TRX rallied to a late afternoon intraday high $0.013129.<\/p>\n
Trons TRX broke through the first major resistance level at $0.01270 and the second major resistance level at $0.01289.<\/p>\n
In spite of a late pullback, Trons TRX held above the second major resistance level until the day end.<\/p>\n
At the time of writing, Trons TRX was up by 1.38% to $0.013170. A mixed start to the day saw Trons TRX fall to an early morning low $0.012976 before striking a high $0.013170.<\/p>\n
Trons TRX left the major support and resistance levels untested early on.<\/p>\n
Trons TRX would need to avoid sub-$0.01290 levels to support a run at the first major resistance level at $0.01326.<\/p>\n
Support from the broader market would be needed, however, for Trons TRX to break through to $0.01320 levels.<\/p>\n
Barring an extended crypto rally, the first major resistance level at $0.01326 would likely limit any upside.<\/p>\n
Failure to avoid sub-$0.01290 levels could see Trons TRX struggle later in the day.<\/p>\n
A fall back through to sub-$0.01290 levels would bring the first major support level at $0.01259 into play.<\/p>\n
Barring an extended crypto sell-off, however, Trons TRX should steer clear of sub-$0.012 levels. The second major support level at $0.01219 should limit any downside.<\/p>\n
Major Support Level: $0.01259<\/p>\n
Major Resistance Level: $0.01326<\/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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See the original post here:<\/p>\n
Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 23\/04\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin Litecoin rose by 2.92% on Wednesday. Following on from a 1.09% gain on Tuesday, Litecoin ended the day at $41.88. A bearish start to the day saw Litecoin fall to an early morning intraday low $40.33 before making a move. Continue reading