Litecoin<\/p>\n
Litecoin slid by 3.41% on Wednesday. Reversing a 0.97% gain from Tuesday, Litecoin ended the day at $44.21.<\/p>\n
A bullish start to the day saw Litecoin rise to an early morning intraday high $46.20 before easing back.<\/p>\n
Coming within range of the first major resistance level at $46.24, Litecoin slipped back to a morning low $45.20 before steadying.<\/p>\n
Steering clear of the major support levels, Litecoin recovered to an afternoon high $45.90 before hitting reverse.<\/p>\n
The reversal saw Litecoin slide to a mid-afternoon intraday low $42.94.<\/p>\n
Litecoin fell through the first major support level at $44.68 and the second major support level at $43.59.<\/p>\n
Finding late support, Litecoin broke back through the second major support level to wrap up the day at $44 levels.<\/p>\n
At the time of writing, Litecoin was down by 0.41% to $44.03. A mixed start to the day saw Litecoin rise to an early morning high $44.63 before falling to a low $43.72.<\/p>\n
Litecoin left the major support and resistance levels untested early on.<\/p>\n
Litecoin would need to move back through to $44.50 levels to bring the first major resistance level at $45.96 into play.<\/p>\n
Support from the broader market would be needed, however, for Litecoin to breakout from the morning high $44.63.<\/p>\n
Barring an extended crypto rally, the first major resistance level and Wednesdays high $46.20 would likely limit any upside.<\/p>\n
Failure to move back through to $44.50 levels could see Litecoin fall deeper into the red.<\/p>\n
A fall back through the morning low $43.72 would bring the first major support level at $42.70 into play.<\/p>\n
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$42 support levels.<\/p>\n
Major Support Level: $42.70<\/p>\n
Major Resistance Level: $45.96<\/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 1.59% on Wednesday. Reversing a 0.64% fall from Tuesday, Stellars Lumen ended the day at $0.070978.<\/p>\n
A mixed start to the day saw Stellars Lumen rise to an early afternoon intraday high $0.072218 before hitting reverse.<\/p>\n
Stellars Lumen broke through the first major resistance level at $0.07032 and the second major resistance level at $0.07094.<\/p>\n
The reversal saw Stellars Lumen slide to a mid-afternoon intraday low $0.067646 before finding support.<\/p>\n
Stellars Lumen fell through the first major support level at $0.06890 and the second major support level at $0.06811.<\/p>\n
Finding late support, Stellars Lumen broke back through the major support levels to wrap up the day in the green.<\/p>\n
The recovery also saw Stellars Lumen break back through the first and second major resistance levels.<\/p>\n
At the time of writing, Stellars Lumen was down by 1.72% to $0.069760. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.071649 before falling to a low $0.069760.<\/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 $0.07030 levels to bring the first major resistance level at $0.07292 into play.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to break out from Wednesdays high $0.072218.<\/p>\n
Barring a broad-based crypto rebound, resistance at $0.072 would likely leave Stellars Lumen short of the first major resistance level.<\/p>\n
Failure to move through to $0.07030 levels could see Stellars Lumen fall deeper into the red.<\/p>\n
A fall through to sub-$0.069 levels would bring the first major support level at $0.06834 into play.<\/p>\n
Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of the second major support level at $0.06571.<\/p>\n
Major Support Level: $0.06834<\/p>\n
Major Resistance Level: $0.07292<\/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 slid by 3.36% on Wednesday. Reversing a 2.29% rally from Tuesday, Trons TRX ended the day at $0.014980.<\/p>\n
A bearish start to the day saw Trons TRX slide from an early morning intraday high $0.015501 to a mid-afternoon intraday low $0.014634.<\/p>\n
Trons TRX slid through the first major support level at $0.01521 and the second major support level at $0.01483.<\/p>\n
Finding support late in the day, Trons TRX recovered to $0.015 levels before easing back.<\/p>\n
While breaking back through the second major support level, Trons TRX came up short of the first major support level at the day end.<\/p>\n
At the time of writing, Trons TRX was down by 0.22% to $0.014947. A mixed start to the day saw Trons TRX rise to an early morning high $0.015049 before falling to a low $0.014790.<\/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 $0.01505 levels to support a run at the first major resistance level at $0.01544.<\/p>\n
Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.015049.<\/p>\n
Barring a broad-based crypto rebound, the first major resistance level would likely limit any upside.<\/p>\n
Failure to move through to $0.01505 levels could see Trons TRX slide deeper into the red.<\/p>\n
A fall through the morning low $0.014790 would bring the first major support level at $0.01458 into play.<\/p>\n
Barring an extended crypto sell-off, however, Trons TRX should steer clear of the second major support level at $0.01417.<\/p>\n
Major Support Level: $0.01458<\/p>\n
Major Resistance Level: $0.01544<\/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 21\/05\/20 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin Litecoin slid by 3.41% on Wednesday. Reversing a 0.97% gain from Tuesday, Litecoin ended the day at $44.21. Continue reading