It's a relatively bullish start to the day. Avoiding the day's pivot levels would bring the resistance levels into play.
Litecoin rose by 1.79% on Wednesday. Reversing a 1.23% fall from Tuesday, Litecoin ended the day at $46.71.
A mixed start to the day saw Litecoin rise to a mid-morning high $46.30 before hitting reverse.
Falling short of the first major resistance level at $46.74, Litecoin slid to a late morning intraday low $45.64.
Steering clear of the first major support level at $45.26, Litecoin rallied to a late afternoon intraday high $47.15.
Litecoin broke through the first major resistance level at $46.74 before falling back to a low $46.01.
Finding support late on, Litecoin moved back through to $46.70 levels to deliver the upside on the day. The first major resistance level at $46.74 pinned Litecoin back late on.
At the time of writing, Litecoin was up by 0.13% to $46.77. A mixed start to the day saw Litecoin fall to an early morning low $46.64 before rising to a high $46.85
Litecoin left the major support and resistance levels untested early on.
Litecoin would need to avoid sub-$46.50 levels to support a run at the first major resistance level at $47.36.
Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $47.15.
Barring another extended crypto rally, the first major resistance level at $47.36 and Wednesday high should limit any upside.
Failure to avoid sub-$46.50 levels could see Litecoin cough up Wednesday’s gain.
A fall back through the morning low to sub-$46.50 levels would bring the first major support level at $45.85 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of the second major support level at $44.99.
Major Support Level: $45.85
Major Resistance Level: $47.36
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen rose by 1.11% on Wednesday. Partially reversing a 1.76% fall from Tuesday, Stellar’s Lumen ended the day at $0.079034.
It was a mixed start to the day. Stellar’s Lumen fell to an early morning intraday low $0.077879 before finding support.
Steering clear of the first major support level at $0.07730, Stellar’s Lumen rose to a late morning high $0.078987.
Coming up short of the major resistance levels, Stellar’s Lumen fell back to sub-$0.078 levels before making a move.
Through the late afternoon, Stellar’s Lumen struck a high $0.079028 before easing back.
Falling short of the first major resistance level at $0.08007, Stellar’s Lumen fell back to sub-$0.078 levels before finding late support.
A relatively bullish end to the day delivered the upside on the day and a final hour intraday high $0.079034.
At the time of writing, Stellar’s Lumen was up by 0.43% to $0.079377. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.079218 to a high $0.079377.
Stellar’s Lumen left the major support and resistance levels untested early on.
Stellar’s Lumen would need to avoid sub-$0.07870 levels to support a run at the first major resistance level at $0.07942.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.079377.
In the event of an extended crypto rally, the second major resistance level at $0.07980 would likely limit any upside.
Failure to avoid sub-$0.07870 levels could see Stellar’s Lumen give up Wednesday’s gain.
A fall through the $0.07865 pivot would bring the first major support level at $0.07827 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear sub-$0.077 levels. The second major support level at $0.07750 should limit any downside.
Major Support Level: $0.07827
Major Resistance Level: $0.07942
23.6% FIB Retracement Level: $0.1051
38% FIB Retracement Level: $0.1433
62% FIB Retracement Level: $0.2050
Tron’s TRX rose by 0.60% on Wednesday. Partially reversing a 2.34% slide from Tuesday, Tron’s TRX ended the day at $0.017625.
A mixed start to the day saw Tron’s TRX rise to a mid-morning high $0.017669 before hitting reverse.
Falling short of the first major resistance level at $0.01787, Tron’s TRX slid to a late morning low $0.017351.
Steering clear of the major support levels, Tron’s TRX struck a late afternoon intraday high $0.017669 before easing back.
Coming up short of the first major resistance level at $0.01787, Tron’s TRX fell to a late intraday low $0.017249 and into the red.
Finding support at the first major support level at $0.017310, Tron’s TRX bounced back to wrap up the day at $0.0176 levels.
At the time of writing, Tron’s TRX was up by 0.27% to $0.017673. A relatively bullish start to the day saw Tron’s TRX rise from an early morning low $0.017612 to a high $0.017673.
Tron’s TRX left the major support and resistance levels untested early on.
Tron’s TRX would need to avoid sub-$0.01750 levels to support a run at the first major resistance level at $0.01778.
Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.017673.
Barring a broad-based crypto rally, the first major resistance level at $0.01778 would likely limit any upside.
Failure to avoid sub-$0.01750 levels would bring the first major support level at $0.01736 into play.
Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of sub-$0.017 levels. The second major support level at $0.01709 should limit any downside.
Major Support Level: $0.01736
Major Resistance Level: $0.01778
23.6% FIB Retracement Level: $0.0322
38.2% FIB Retracement Level: $0.0452
62% FIB Retracement Level: $0.0663
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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.