The Future Coin

Bitcoin

$35,172.85

BTC -1.94%

Ethereum

$1,199.06

ETH -2.01%

XRP

$0.27

XRP -2.18%

Litecoin

$139.87

LTC -1.74%

EOS

$2.72

EOS -1.53%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Litecoin News

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 04/06/20

by The Future Coin
June 4, 2020
in Litecoin News
0
Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 04/06/20
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Litecoin

Litecoin rose by 2.37% on Wednesday. Partially reversing a 4.68% slide from Tuesday, Litecoin ended the day at $47.13.

A bearish start to the day saw Litecoin fall to an early morning intraday low $45.28 before finding support.

Steering clear of the first major support level at $43.73, Litecoin rallied to a late afternoon intraday high $47.44.

Coming up short of the first major resistance level at $49.11, Litecoin eased back to $46.6 levels before wrapping up the day at $47 levels.

At the time of writing, Litecoin was up by 0.40% to $47.32. A mixed start to the day saw Litecoin fall to an early morning low $47.02 before striking a high $47.33.

Litecoin left the major support and resistance levels untested early on.

For the day ahead

Litecoin would need to avoid sub-$46.60 levels to support a run at the first major resistance level at $47.95.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $47.44.

Barring another extended crypto rally, the first major resistance level should limit any upside.

Failure to avoid sub-$46.60 levels could see Litecoin give up Wednesday’s gains.

A fall back through the morning low $47.02 to sub-$46.60 levels would bring the first major support level at $45.79 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$45 and the second major support level at $44.46.

Looking at the Technical Indicators

Major Support Level: $45.79

Major Resistance Level: $47.95

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen rallied by 4.69% on Wednesday. Following on from a trend-bucking 3.42% gain on Tuesday, Stellar’s Lumen ended the day at $0.082848.

A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.077058 before making a move.

Steering clear of the first major support level at $0.07383, Stellar’s Lumen rallied to a late afternoon intraday high $0.083151.

Falling short of the first major resistance level at $0.08443, Stellar’s Lumen fell back to $0.081 levels before wrapping up the day at $0.082 levels.

At the time of writing, Stellar’s Lumen was up by 3.19% to $0.085489. A bullish start to the day saw Stellar’s Lumen rally from an early morning low $0.083322 to a high $0.0855064

Stellar’s Lumen broke through the first major resistance level at $0.084980 early on.

For the day ahead

Stellar’s Lumen would avoid sub-0.085 levels to take a run at the second major resistance level at $0.08711.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.085506.

Barring another broad-based crypto rally, resistance at $0.086 would likely limit any upside on the day.

Failure to avoid sub-$0.085 levels could see Stellar’s Lumen hit reverse.

A fall through the morning low $0.083322 to sub-$0.081 levels would bring the first major support level at $0.07889 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.080 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.07889

Major Resistance Level: $0.08498

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX rallied by 3.21% on Wednesday. Partially reversing a 4.57% slide from Tuesday, Tron’s TRX ended the day at $0.016890.

Tracking the broader market, Tron’s TRX fell to an early morning intraday low $0.016043 before making a move.

Steering clear of the first major support level at $0.01540, Tron’s TRX rallied to a late intraday high $0.016936.

Falling short of the first major resistance level at $0.01737, Tron’s TRX eased back to wrap up the day at $0.01680 levels.

At the time of writing, Tron’s TRX was up by 1.59% to $0.017159. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.016918 to a high $0.017252.

Tron’s TRX came up against the first major resistance level at $0.017252 early on.

For the Day Ahead

Tron’s TRX would need to avoid sub-$0.01662 levels to support another run at the first major resistance level at $0.01721.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.01720 levels.

Barring a broad-based crypto rally, the first major resistance level would likely limit any upside.

Failure to avoid sub-$0.01662 levels would bring the first major support level at $0.01631 into play.

Barring an extended crypto sell-off, however, Tron’s TRX should steer well clear of the second major support level at $0.01573.

Looking at the Technical Indicators

Major Support Level: $0.01631

Major Resistance Level: $0.01721

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

This article was originally posted on FX Empire

More From FXEMPIRE:

Source link

EDITOR’S CHOICE

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 18th, 2021

Ripples over aviation bail out disbursement formula

Why DeFi plus asset tokenization will take crypto to new heights

Deliveroo Valued At $7B Ahead Of Potential IPO

Goldman Sachs could explore entering crypto market

QAnon's 'Meme Queen' Marches On – The New York Times

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 34,942.00
ethereum
Ethereum (ETH) $ 1,189.33
tether
Tether (USDT) $ 0.998770
polkadot
Polkadot (DOT) $ 17.22
ripple
XRP (XRP) $ 0.272115
cardano
Cardano (ADA) $ 0.371584
litecoin
Litecoin (LTC) $ 138.98
chainlink
Chainlink (LINK) $ 21.87
bitcoin-cash
Bitcoin Cash (BCH) $ 470.03
binancecoin
Binance Coin (BNB) $ 44.94
stellar
Stellar (XLM) $ 0.296008
usd-coin
USD Coin (USDC) $ 1.00
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 34,937.00
bitcoin-cash-sv
Bitcoin SV (BSV) $ 197.30
monero
Monero (XMR) $ 153.89
eos
EOS (EOS) $ 2.71
aave
Aave (AAVE) $ 181.48
tezos
Tezos (XTZ) $ 2.88
tron
TRON (TRX) $ 0.029687
havven
Synthetix Network Token (SNX) $ 14.95
cosmos
Cosmos (ATOM) $ 8.65
theta-token
Theta Network (THETA) $ 1.99
nem
NEM (XEM) $ 0.219731
uniswap
Uniswap (UNI) $ 8.47
crypto-com-chain
Crypto.com Coin (CRO) $ 0.077343
celsius-degree-token
Celsius Network (CEL) $ 4.57
okb
OKB (OKB) $ 6.44
vechain
VeChain (VET) $ 0.026399
neo
NEO (NEO) $ 23.15
compound-usd-coin
cUSDC (CUSDC) $ 0.021504
dai
Dai (DAI) $ 0.999432
compound-ether
cETH (CETH) $ 23.84
leo-token
LEO Token (LEO) $ 1.37
maker
Maker (MKR) $ 1,388.56
dash
Dash (DASH) $ 121.42
iota
IOTA (MIOTA) $ 0.419278
binance-usd
Binance USD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.008978
yearn-finance
yearn.finance (YFI) $ 37,133.00
zcash
Zcash (ZEC) $ 101.45
filecoin
Filecoin (FIL) $ 23.71
huobi-token
Huobi Token (HT) $ 5.39
solana
Solana (SOL) $ 3.74
avalanche-2
Avalanche (AVAX) $ 12.72
kusama
Kusama (KSM) $ 104.00
ftx-token
FTX Token (FTT) $ 9.95
sushi
Sushi (SUSHI) $ 6.91
ethereum-classic
Ethereum Classic (ETC) $ 7.48
compound-governance-token
Compound (COMP) $ 209.64
zilliqa
Zilliqa (ZIL) $ 0.071079