Litecoin<\/p>\n
Litecoin rose by 2.29% on Wednesday. Reversing a 1.54% decline from Tuesday, Litecoin ended the day at $58.97.<\/p>\n
It was a mixed start to the day. Litecoin fell to an early morning intraday low $56.73 before making a move.<\/p>\n
Steering clear of the first major support level at $56.12, Litecoin rallied to a late intraday high $59.92.<\/p>\n
Litecoin broke through the first major resistance level at $59.39 before falling back to end the day at $58 levels.<\/p>\n
At the time of writing, Litecoin was down by 1.42% to $58.13. A bearish start to the day saw Litecoin fall from an early morning high $59.22 to a low $57.78.<\/p>\n
Litecoin left the major support and resistance levels untested early in the day.<\/p>\n
Litecoin would need to move through the $58.54 pivot to support a run at the first major resistance level at $60.35.<\/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 $58.54 pivot would bring the first major support level at $57.16 into play.<\/p>\n
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$55 levels. The second major support level at $55.35 should limit any downside.<\/p>\n
First Major Support Level: $57.16<\/p>\n
First Major Resistance Level: $60.35<\/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 fell by 2.66% on Wednesday. Partially reversing a 5.51% rally from Tuesday, Stellars Lumen ended the day at $0.10760.<\/p>\n
It was a bearish day. Stellars Lumen fell from an early morning intraday high $0.11134 to a late intraday low $0.10666.<\/p>\n
Late in the day, the first major support level at $0.10670 limited the downside.<\/p>\n
At the time of writing, Stellars Lumen was down by 0.65% to $0.10690. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.10768 before falling to a low $0.10574.<\/p>\n
Stellars Lumen tested the first major support level at $0.10573 early on.<\/p>\n
Stellars Lumen would need to move through the $0.10853 pivot to support a run at the first major resistance level at $0.11041.<\/p>\n
Support from the broader market would be needed, however, for Stellars Lumen to break back through to $0.11 levels.<\/p>\n
Story continues<\/p>\n
Barring a broad-based crypto rally, the first major resistance level and Wednesdays high $0.11134 would likely limit any upside.<\/p>\n
Failure to move through the $0.10853 pivot would bring the first major support level at $0.10573 back into play.<\/p>\n
Barring another extended crypto sell-off, however, Stellars Lumen should steer of sub-$0.10 levels. The second major support level at $0.10385 should limit any downside.<\/p>\n
First Major Support Level: $0.10573<\/p>\n
First Major Resistance Level: $0.11041<\/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 fell by 0.68% on Wednesday. Partially reversing a 2.35% gain from Tuesday, Trons TRX ended the day at $0.020309.<\/p>\n
It was a mixed start to the day. Trons TRX fell to an early morning low $0.020112 before striking a late morning intraday high $0.020649.<\/p>\n
Falling short of the first major resistance level at $0.02072, Trons TRX slid to a late intraday low $0.019991.<\/p>\n
Finding support at the first major support level at $0.01997, Trons TRX recovered to $0.020 levels to limit the loss.<\/p>\n
At the time of writing, Trons TRX was down by 1.89% to $0.019926. A bearish start to the day saw Trons TRX fall from an early morning high $0.020316 to a low $0.019926.<\/p>\n
Trons TRX fell through the first major support level at $0.01996 early on.<\/p>\n
Trons TRX would need to move through the first major support level and the $0.02034 pivot level to support a run at the first major resistance level at $0.02068.<\/p>\n
Support from the broader market would be needed, however, for Trons TRX to break 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 move through the first major support level would bring the second major support level at $0.01962 into play.<\/p>\n
Barring another extended crypto sell-off, however, Trons TRX should avoid a return to sub-$0.019 levels on the day. The third major support level sits at $0.01889.<\/p>\n
First Major Support Level: $0.01996<\/p>\n
First Major Resistance Level: $0.02068<\/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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The rest is here: <\/p>\n
Litecoin, Stellars Lumen, and Trons TRX Daily Analysis August 6th, 2020 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin Litecoin rose by 2.29% on Wednesday. Reversing a 1.54% decline from Tuesday, Litecoin ended the day at $58.97 Continue reading