Litecoin
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.
For the day ahead
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.
Looking at the Technical Indicators
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
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.
For the day ahead
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.
Looking at the Technical Indicators
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
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.
For the Day Ahead
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.
Looking at the Technical Indicators
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
Please let us know what you think in the comments below
Thanks, Bob
This article was originally posted on FX Empire
