Litecoin
Litecoin slid by 2.26% on Monday. Following on from a 2.25% decline on Sunday, Litecoin ended the day at $47.07.
It was a very bearish begin to the day. Litecoin slid from an early morning intraday excessive $48.27 to a mid-morning intraday low $45.26.
Steering away from the key resistance ranges, Litecoin fell by way of the primary main assist stage at $46.58 earlier than recovering to $46 ranges.
The restoration was temporary, nevertheless, with Litecoin falling again by way of to $45 ranges going into the afternoon.
Within the 2nd half of the day, Litecoin broke again by way of the primary main assist stage to strike a excessive $47.46 earlier than easing again.
On the time of writing, Litecoin was up by 0.11% to $47.12. A combined begin to the day noticed Litecoin rise to an early morning excessive $47.25 earlier than falling to a low $46.96.
Litecoin left the key assist and resistance ranges untested early on.
For the day forward
Litecoin would want to maneuver by way of to $48 ranges to assist a run the primary main resistance stage at $48.47.
Help from the broader market could be wanted, nevertheless, for Litecoin to interrupt out from Monday’s excessive $48.27.
Barring a broad-based crypto rally, the primary main resistance stage at $48.47 and Monday’s excessive would probably restrict any upside.
Failure to maneuver by way of to $48 ranges may see Litecoin wrestle all through the day.
A fall by way of the morning low to sub-$46.90 ranges would convey the primary main assist stage at $45.46 into play.
Barring a broad-based crypto sell-off, nevertheless, Litecoin ought to keep away from the second main assist stage at $43.86.
Trying on the Technical Indicators
Main Help Degree: $45.46
Main Resistance Degree: $48.47
23.6% FIB Retracement Degree: $62
38.2% FIB Retracement Degree: $78
62% FIB Retracement Degree: $104
Stellar’s Lumen
Stellar’s Lumen slipped by 0.40% on Monday. Following on from a 3.57% slide on Sunday, Stellar’s Lumen ended the day at $0.072893.
Monitoring the broader market, Stellar’s Lumen slid from an early excessive $0.073264 to an early morning intraday low $0.067642.
Stellar’s Lumen fell by way of the primary main assist stage at $0.07075 and the second main assist stage at $0.06857.
Discovering assist mid-morning, Stellar’s Lumen recovered to $0.07090 ranges earlier than sliding again into the deep purple.
Via the twond half of the day, Stellar’s Lumen discovered robust assist to strike a late intraday excessive $0.073668.
Stellar’s Lumen broke again by way of the primary main assist stage to go to the inexperienced earlier than easing again into the purple.
On the time of writing, Stellar’s Lumen was up by 0.86% to $0.073519. A bullish begin to the day noticed Stellar’s Lumen rise from an finish of Monday 0.072893 to an early morning excessive $0.073519.
Stellar’s Lumen left the key assist and resistance ranges untested early on.
For the day forward
Stellar’s Lumen would want to maneuver by way of to $0.0740 ranges to convey the primary main resistance stage to convey $0.07516 ranges into play.
Help from the broader market could be wanted, nevertheless, for Stellar’s Lumen to breakout from Monday’s excessive $0.073668.
Barring a broad-based crypto rally, the primary main resistance stage at $0.07516 would probably restrict any upside on the day.
Failure to maneuver by way of to $0.0740 ranges may see Stellar’s Lumen hit reverse.
A fall by way of to sub-$0.07140 ranges would convey the primary main assist stage at $0.06913 into play.
Barring an prolonged crypto sell-off, nevertheless, Stellar’s Lumen ought to keep away from the second main assist stage at $0.06538.
Trying on the Technical Indicators
Main Help Degree: $0.06913
Main Resistance Degree: $0.07516
23.6% FIB Retracement Degree: $0.1051
38% FIB Retracement Degree: $0.1433
62% FIB Retracement Degree: $0.2050
Tron’s TRX
Tron’s TRX rose by 1.16% on Monday. Partially reversing a 2.37% decline from Sunday, Tron’s TRX ended the day at $0.016190.
Bearish by way of the morning, Tron’s TRX slid from an early morning intraday excessive $0.016054 to a mid-morning intraday low $0.015132.
Tron’s TRX fell by way of the primary main assist stage at $0.01551 earlier than making a transfer.
Discovering assist going into the afternoon, Tron’s TRX rallied to a late afternoon intraday excessive $0.016384.
Whereas breaking again by way of the primary main assist stage, Tron’s TRX fell wanting the primary main resistance stage at $0.01655 earlier than easing again.
On the time of writing, Tron’s TRX was up by 1.17% to $0.016380. A bullish begin to the day noticed Tron’s TRX rise from an finish of Monday 0.01619 to an early morning excessive $0.016380.
Tron’s TRX left the key assist and resistance ranges untested early on.
For the Day Forward
Tron’s TRX would want to maneuver by way of to $0.01650 ranges to assist a run on the first main resistance stage at $0.01667.
Help from the broader market could be wanted, nevertheless, for Tron’s TRX to interrupt out from Monday’s excessive $0.016384.
Barring a broad-based crypto rally, the primary main resistance stage at $0.01667 would probably restrict any upside.
Failure to maneuver by way of to $0.01650 ranges may see Tron’s TRX fall into the purple.
A fall by way of to sub-$0.01590 ranges would convey the primary main assist stage at $0.01542 into play.
Barring an prolonged crypto sell-off, nevertheless, Tron’s TRX ought to proceed to keep away from sub-$0.015 ranges.
Trying on the Technical Indicators
Main Help Degree: $0.01542
Main Resistance Degree: $0.01667
23.6% FIB Retracement Degree: $0.0322
38.2% FIB Retracement Degree: $0.0452
62% FIB Retracement Degree: $0.0663
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Thanks, Bob
This article was initially posted on FX Empire
