Litecoin<\/p>\n
Litecoin tumbled by 10.22% on Sunday. Following on from a 1.66% fall on Saturday, Litecoin ended the week down 12.48% to $42.15.<\/p>\n
It was a particularly bearish start to the day. Litecoin slumped from an intraday high $47.00 to a 1st hour low $40.03.<\/p>\n
Litecoin fell through the major support levels before briefly recovering to $43 levels.<\/p>\n
The partial recovery saw Litecoin break back through the third major support level at $42.65 before sliding to a late afternoon intraday low $39.98.<\/p>\n
Litecoin fell back through the third major support level before wrapping up the day at $42 levels. The third major support level pinned Litecoin back late on.<\/p>\n
At the time of writing, Litecoin was up by 0.28% to $42.27. A mixed start to the day saw Litecoin rise from an early morning low $42.03 to a high $43.14.<\/p>\n
Litecoin left the major support and resistance levels untested early on.<\/p>\n
Litecoin would need to move back through to $43 levels to support a run the first major resistance level at $46.11.<\/p>\n
Support from the broader market would be needed, however, for Litecoin to break out from the morning high $43.14.<\/p>\n
Barring an extended crypto rally, resistance at $45 would likely leave Litecoin short of the first major resistance level.<\/p>\n
Failure to move through to $43 levels could see Litecoin struggle later in the day.<\/p>\n
A fall through the morning low $42.03 would bring the first major support level at $39.09 into play.<\/p>\n
Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$40 on the day.<\/p>\n
Major Support Level: $39.09<\/p>\n
Major Resistance Level: $46.11<\/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 tumbled by 10.00% on Sunday. Following on from a 0.66% fall on Saturday, Stellars Lumen ended the week down 12.28% to $0.064198.<\/p>\n
Tracking the broader market, Stellars Lumen slid from an intraday high $0.071329 to a 1st-hourintraday low $0.058794.<\/p>\n
Stellars Lumen slid through the major support levels before recovering through the morning to $0.065 levels.<\/p>\n
A 2nd sell-off, however, saw Stellars Lumen slide back to $0.060 levels before finding late support.<\/p>\n
Stellars Lumen failed to break back through the third major support level at $0.06815 on the day.<\/p>\n
At the time of writing, Stellars Lumen was up by 0.33% to $0.064411. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.065014 before falling to a low $0.064000.<\/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 $0.06480 levels to bring the first major resistance level at $0.07077 into play.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.065014.<\/p>\n
Barring an extended crypto rebound, resistance at $0.070 would likely leave the first major resistance level out of play.<\/p>\n
Failure to move back through to $0.06480 levels could see Stellars Lumen hit reverse.<\/p>\n
A fall through the morning low $0.06400 would bring the first major support level at $0.05819 into play.<\/p>\n
Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.060 levels on the day.<\/p>\n
Major Support Level: $0.05819<\/p>\n
Major Resistance Level: $0.07077<\/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 10.77% on Sunday. Following on from a 0.43% decline on Saturday, Trons TRX ended the week down 10.50% to $0.014323.<\/p>\n
The Sunday meltdown saw Trons TRX slide from an intraday high $0.016052 to a 1st-hour intraday low $0.01300.<\/p>\n
Trons TRX fell through the days major support levels before recovering to $0.014 levels.<\/p>\n
Falling short of the third major support level at $0.01522, Trons TRX slid back to $0.01350 levels before finding late support.<\/p>\n
At the time of writing, Trons TRX was up by 0.14% to $0.014343. A mixed start to the day saw Trons TRX rise to an early morning high $0.014441 before falling to a low $0.014258.<\/p>\n
Trons TRX left the major support and resistance levels untested early on.<\/p>\n
Trons TRX would need to move through to $0.01450 levels to support a run at the first major resistance level at $0.01592.<\/p>\n
Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.014441.<\/p>\n
Barring an extended crypto rebound, resistance at $0.015 would likely leave Trons TRX short of the first major resistance level.<\/p>\n
Failure to move through to $0.01450 levels could see Trons TRX fall slide into the red.<\/p>\n
A fall through the morning low $0.014258 would bring sub-$0.014 levels into play before any recovery.<\/p>\n
Barring another crypto meltdown, however, Trons TRX should steer clear of the first major support level at $0.01286.<\/p>\n
Major Support Level: $0.01286<\/p>\n
Major Resistance Level: $0.01592<\/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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Read the original:<\/p>\n
Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 11\/05\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin Litecoin tumbled by 10.22% on Sunday. Following on from a 1.66% fall on Saturday, Litecoin ended the week down 12.48% to $42.15. It was a particularly bearish start to the day Continue reading