Litecoin<\/p>\n
Litecoin slid by 8.02% on Sunday. Reversing a 6.01% rally from Saturday, Litecoin ended the week up by 17.95% to $56.77.<\/p>\n
It was a mixed start to the day. Litecoin rallied to an early morning intraday high $65.31 before hitting reverse.<\/p>\n
Litecoin broke through the first major resistance level at $63.51 before tumbling to an early morning intraday low $52.70.<\/p>\n
The second major resistance level at $65.29 capped the upside in the early morning.<\/p>\n
Litecoin fell through the first major support level at $58.79 and the second major support level at $55.85.<\/p>\n
Avoiding sub-$55 support levels, Litecoin briefly revisited $59 levels before falling back through the first and second major support levels.<\/p>\n
A late move back through the second major support level reduced the deficit on the day.<\/p>\n
At the time of writing, Litecoin was up by 0.93% to $57.30. A mixed start to the day saw Litecoin fall to an early morning low $55.72 before striking a high $57.60.<\/p>\n
Litecoin left the major support and resistance levels untested early in the day.<\/p>\n
Litecoin would need to move through the $58.26 pivot to support a run at the first major resistance level at $63.82.<\/p>\n
Support from the broader market would be needed, however, for Litecoin to break back through to $60 levels.<\/p>\n
Barring another crypto rally, the first major resistance level would likely cap any upside.<\/p>\n
Failure to move through the $58.26 pivot would bring the 23.6% FIB of $54 and the first major support level at $51.21 into play.<\/p>\n
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$50 levels. The second major support level sits at $45.65.<\/p>\n
First Major Support Level: $51.21<\/p>\n
First Major Resistance Level: $63.82<\/p>\n
23.6% FIB Retracement Level: $54<\/p>\n
38.2% FIB Retracement Level: $78<\/p>\n
62% FIB Retracement Level: $104<\/p>\n
Stellars Lumen slid by 4.85% on Sunday. Partially reversing a 10.76% rally from Saturday, Stellars Lumen ended the week up by 3.29% to $0.10265.<\/p>\n
A mixed start to the day saw Stellars Lumen rise to an early morning intraday high $0.11585 before hitting reverse.<\/p>\n
Stellars Lumen broke through the first major resistance level at $0.11191 before sliding to an early morning intraday low $0.090025.<\/p>\n
The reversal saw Stellars Lumen fall through the first major support level at $0.10029 and the second major support level at $0.092920 and 23.6% FIB of $0.0928.<\/p>\n
Finding support, Stellars Lumen briefly revisited $0.1075 levels before falling back through the first major support level to sub-$0.10 levels.<\/p>\n
Finding late support, however, Stellars Lumen moved back through the first major support level to reduce the deficit.<\/p>\n
At the time of writing, Stellars Lumen was up by 2.21% to $0.10492. A mixed start to the day saw Stellars Lumen fall to an early morning low $0.10199 before striking a high $0.10573.<\/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 avoid a fall back through the $0.10284 pivot to support a run at the first major resistance level at $0.11566.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to break back through to $0.11 levels.<\/p>\n
Barring a broad-based crypto rally, the first major resistance level would likely limit any upside.<\/p>\n
Failure to avoid a fall back through the $0.0.10284 pivot would bring the first major support level at $0.08983 into play.<\/p>\n
Barring another extended crypto sell-off, however, Stellars Lumen should steer of sub-$0.090 levels on the day.<\/p>\n
The 23.6% FIB of $0.09280 should limit any downside on the day.<\/p>\n
First Major Support Level: $0.08983<\/p>\n
First Major Resistance Level: $0.11566<\/p>\n
23.6% FIB Retracement Level: $0.09960<\/p>\n
38% FIB Retracement Level: $0.14336518<\/p>\n
62% FIB Retracement Level: $0.2050<\/p>\n
Trons TRX slid by 7.24% on Sunday. Reversing a 3.92% gain from Saturday, Trons TRX ended the week up by 2.29% to $0.019013.<\/p>\n
Tracking the broader market, Trons TRX rallied to an early morning intraday high $0.021237 before hitting reverse.<\/p>\n
Coming up against the first major resistance level at $0.02101, Trons TRX tumbled to an early intraday low $0.017800.<\/p>\n
Trons TRX fell through the first major support level at $0.01969 and the second major support level at $0.01892.<\/p>\n
Steering clear of the third major support level at $0.01760, Trons TRX revisited $0.01960 levels before sliding back.<\/p>\n
The first major support level pinned Trons TRX back.<\/p>\n
At the time of writing, Trons TRX was up by 1.90% to $0.019375. A mixed start to the day saw Trons TRX fall to an early morning low $0.018847 before rising to a high $0.019375.<\/p>\n
Trons TRX left the major support and resistance levels untested early on.<\/p>\n
Trons TRX would need to avoid a fall back through the $0.01935 pivot level to support a run at the first major resistance level at $0.02090.<\/p>\n
Support from the broader market would be needed, however, for Trons TRX to break out back through to $0.020 levels.<\/p>\n
Barring an extended crypto rally, the first major resistance level would likely cap any upside.<\/p>\n
Failure to avoid a fall back through the $0.01935 pivot level would bring the first major support level at $0.01746 into play.<\/p>\n
Barring another extended crypto sell-off, however, Trons TRX should avoid a return to sub-$0.018 levels on the day.<\/p>\n
First Major Support Level: $0.01746<\/p>\n
First Major Resistance Level: $0.02090<\/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 August 3rd, 2020 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin Litecoin slid by 8.02% on Sunday. Reversing a 6.01% rally from Saturday, Litecoin ended the week up by 17.95% to $56.77. It was a mixed start to the day. Continue reading