Yahoo Finance Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 27/01/20
Litecoin
Litecoin rallied by 5.51% on Sunday. Reversing a 2.04% loss from Saturday, Litecoin end the week down by 2.54% to $56.08.
A bearish start to the day saw Litecoin fall to an early morning intraday low $52.75 before making a move.
Steering clear of the first major support level at $52.17, Litecoin rallied to a late afternoon intraday high $56.53.
Litecoin broke through the first major resistance level at $54.30 and the second major resistance level at $55.38.
In spite of a late pullback, Litecoin held above the second major resistance level through to the day end.
At the time of writing, Litecoin was up by 0.95% to $56.61. A bullish start to the day saw Litecoin rise from an early morning low $56.09 to a high $57.11.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to break back through to $57 levels to support another run at the first major resistance level to $57.49 levels.
Support from the broader market would be needed, however, for Litecoin to break back through to the morning high $57.11.
Barring an extended crypto rally, the first major resistance level at $57.49 would likely limit any upside.
Failure to move through to $57 levels would likely see Litecoin hit reverse.
A fall back through the morning low $56.09 to sub-$55.10 levels would bring the first major support level at $53.71 into play.
Barring a crypto meltdown, however, Litecoin should steer clear of sub-$55 levels on the day.
Looking at the Technical Indicators
Major Support Level: $53.71
Major Resistance Level: $57.49
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 4.18% on Sunday. Reversing a 1.05% fall from Saturday, Stellar’s Lumen ended the week down by 2.84% to $0.058444.
A bearish start to the day saw Stellar’s Lumen fall to an early morning intraday low $0.055834 before finding support.
Steering clear of the first major support level at $0.05548, Stellar’s Lumen rallied to a late afternoon intraday high $0.058682.
Stellar’s Lumen broke through the first major resistance level at $0.05709 and the second major resistance level at $0.05793.
A pullback late in the day saw Stellar’s Lumen fall back through the second major resistance level before breaking back through to wrap up the day at $0.058 levels.
At the time of writing, Stellar’s Lumen was up by 0.87% to $0.058950. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.058597 to a high $0.059230.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to break back through to $0.059 levels to support a run at the first major resistance level at $0.05947.
Support from the broader market would be needed, however, for Stellar’s Lumen to break back through the morning high $0.059230.
Barring an extended crypto rally, the first major resistance level should limit any upside.
Failure to move back through to $0.059 levels could see Stellar’s Lumen give up the morning gains.
A fall through the morning low $0.058597 to sub-$0.05770 levels would bring the first major support level at $0.05662 into play.
Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of sub-$0.057 levels
Looking at the Technical Indicators
Major Support Level: $0.05662
Major Resistance Level: $0.05947
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 4.32% on Sunday. Reversing a 0.61% loss from Saturday, Tron’s TRX ended the week up by 1.01% to $0.016817.
Tracking the broader market, Tron’s TRX slipped to an early morning intraday low $0.016096 before making a move.
Steering clear of the first major support level at $0.01601, Tron’s TRX rallied to a late intraday high $0.016837.
Tron’s TRX broke through the first major resistance level at $0.01635 and the second major resistance level at $0.01653.
While easing back late in the day, Tron’s TRX avoided a pullback through the second major resistance level to close out the day at $0.0168 levels.
At the time of writing, Tron’s TRX was up by 1.34% to $0.017043. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.016891 to a high $0.017065.
Steering clear of the major support levels, Tron’s TRX came up against the first major resistance level at $0.01707 early on.
For the Day Ahead
Tron’s TRX would need to move back through the morning high $0.017065 to support a breakout from the first major support level to $0.01707.
Support from the broader market would be needed, however, for Tron’s TRX to break back through the morning high $0.017065.
Barring a broad-based crypto rally, the first major resistance level would likely cap any upside.
Failure to move through the morning high $0.01765 could see Tron’s TRX hit reverse.
A fall back through the morning low $0.016891 to sub-$0.01658 levels would bring the first major support level at $0.01633 into play.
Barring a crypto meltdown, however, Tron’s TRX should steer well clear of the second major support level at $0.01584.
Looking at the Technical Indicators
Major Support Level: $0.01633
Major Resistance Level: $0.01707
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
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