It's a bearish start to the day. Failure to move back through the early highs will bring support levels into play after Tuesday's pullback.
Litecoin fell by 1.61% on Tuesday. Partially reversing a 2.09% gain from Monday, Litecoin ended the day at $42.29.
A mixed start to the day saw Litecoin rose to an early morning intraday high $43.07 before hitting reverse.
Falling short of the first major resistance level at $43.59, Litecoin slid to a late afternoon intraday low $41.79.
Litecoin fell through the first major support level at $42.04 before recovering to wrap up the day at $42 levels.
At the time of writing, Litecoin was up by 0.33% to $42.43. A bullish start to the day saw Litecoin rise from an early morning low $42.23 to a high $42.60.
Litecoin left the major support and resistance levels untested early on.
Litecoin would need to avoid sub-$42.40 levels to bring the first major resistance level at $42.98 into play.
Support from the broader market would be needed, however, for Litecoin to breakout from the morning high $42.60.
Barring an extended crypto rally, the first major resistance level would likely limit any upside.
Failure to avoid sub-$42.40 levels could see Litecoin hit reverse.
A fall back through the morning low $42.23 would bring the first major support level at $41.70 into play.
Barring another extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $41.10.
Major Support Level: $41.70
Major Resistance Level: $42.98
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen fell by 1.76% on Tuesday. Partially reversing a 3.26% rally from Monday, Stellar’s Lumen ended the day at $0.064880.
It was bearish through most of the day. Stellar’s Lumen fell from an early morning intraday low $0.066385 to a mid-afternoon intraday low $0.063970.
Stellar’s Lumen fell through the first major support level at $0.06447 before finding support late in the day.
The partial recovery saw Stellar’s Lumen briefly revisit $0.065 levels before easing back.
At the time of writing, Stellar’s Lumen was down by 0.55% to $0.064520. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.065225 before falling to a low $0.064520.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to move back through to $0.065 levels to bring the first major resistance level at $0.06619 into play.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.065225.
Barring a broad-based crypto rebound, the first major resistance level would likely limit any upside.
Failure to move back through to $0.065 levels could see Stellar’s Lumen fall deeper into the red.
A fall through to sub-$0.064 levels would bring the first major support level at $0.06377 into play.
Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06266.
Major Support Level: $0.06377
Major Resistance Level: $0.06619
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX fell by 0.74% on Tuesday. Partially reversing a 3.83% rally from Monday, Tron’s TRX ended the day at $0.01460.
It was a bearish start to the day. Tron’s TRX fell from an early morning intraday high $0.014709 to a mid-afternoon intraday low $0.014241.
Tron’s TRX fell through the first major support level at $0.01431 before finding support late in the day.
The late recovery saw Tron’s TRX move back through the first major support level to wrap up the day at $0.01460 levels
At the time of writing, Tron’s TRX was down by 0.35% to $0.014549. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.014625 to a low $0.014549.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to avoid sub-$0.01450 levels to support a run at the first major resistance level at $0.01479.
Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s high $0.014709.
Barring a broad-based crypto rebound, the first major resistance level would likely limit any upside.
Failure to avoid sub-$0.01450 levels could see Tron’s TRX fall deeper into the red.
A fall through to sub-$0.01450 levels would bring the first major support level at $0.01432 into play.
Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.014 levels. The second major support level at $0.01405 should limit any downside.
Major Support Level: $0.01432
Major Resistance Level: $0.01479
23.6% FIB Retracement Level: $0.0322
38.2% FIB Retracement Level: $0.0452
62% FIB Retracement Level: $0.0663
Please let us know what you think in the comments below
Thanks, Bob
With over 28 years of experience in the financial industry, Bob has worked with various global rating agencies and multinational banks. Currently he is covering currencies, commodities, alternative asset classes and global equities, focusing mostly on European and Asian markets.