Litecoin, Stellar’s Lumen, and Tron’s TRX Daily Analysis June 17th, 2020
Litecoin
Litecoin rose by 0.23% on Tuesday. Partially reversing a 0.50% fall from Monday, Litecoin ended the day at $43.86.
It was a mixed start to the day. Litecoin fell to an early morning low $43.43 before rising to an early intraday high $44.21.
Falling short of the first major resistance level at $44.63, Litecoin fell to a midday intraday low $43.32 Steering clear of the first major support level at $42.30, Litecoin found support late on to end the day in the green.
At the time of writing, Litecoin was down by 0.93% to $43.45. A bearish start to the day saw Litecoin fall from an early morning high $43.90 to a low $43.43.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to move through the $43.80 pivot to support a run at the first major resistance level at $44.27.
Support from the broader market would be needed, however, for Litecoin to break back through to $44 levels.
Barring broad-based crypto rebound, the first major resistance level would likely cap any upside. Failure to move back through the $43.80 pivot could see Litecoin fall further back into the red.
A fall back through the morning low $43.43 would bring the first major support level at $43.38 into play.
In the event of another extended crypto sell-off, the second major support level at $42.91 would likely come into play.
Looking at the Technical Indicators
Major Support Level: $43.38
Major Resistance Level: $44.27 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 1.24% on Tuesday. Reversing a 0.15% fall from Monday, Stellar’s Lumen ended the day at $0.070824. It was a bullish start to the day. Stellar’s Lumen rose from an early morning intraday low $0.069558 to a late morning intraday high $0.07200. Falling short of the first major resistance level at $0.07283, Stellar’s Lumen fell back to a low $0.070084.
Read the full topic at
https://www.fxempire.com/forecasts/article/litecoin-stellars-lumen-and-trons-trx-daily-analysis-june-17th-2020-655725
Follow me on
Linkedin: https://www.linkedin.com/in/crypto-expert20
If you wont me to post your cryptocurrency article on my blog From the link
https://www.fiverr.com/cryptoexpert20/post-your-cryptocurrency-article-on-my-blog
Litecoin rose by 0.23% on Tuesday. Partially reversing a 0.50% fall from Monday, Litecoin ended the day at $43.86.
It was a mixed start to the day. Litecoin fell to an early morning low $43.43 before rising to an early intraday high $44.21.
Falling short of the first major resistance level at $44.63, Litecoin fell to a midday intraday low $43.32 Steering clear of the first major support level at $42.30, Litecoin found support late on to end the day in the green.
At the time of writing, Litecoin was down by 0.93% to $43.45. A bearish start to the day saw Litecoin fall from an early morning high $43.90 to a low $43.43.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to move through the $43.80 pivot to support a run at the first major resistance level at $44.27.
Support from the broader market would be needed, however, for Litecoin to break back through to $44 levels.
Barring broad-based crypto rebound, the first major resistance level would likely cap any upside. Failure to move back through the $43.80 pivot could see Litecoin fall further back into the red.
A fall back through the morning low $43.43 would bring the first major support level at $43.38 into play.
In the event of another extended crypto sell-off, the second major support level at $42.91 would likely come into play.
Looking at the Technical Indicators
Major Support Level: $43.38
Major Resistance Level: $44.27 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 1.24% on Tuesday. Reversing a 0.15% fall from Monday, Stellar’s Lumen ended the day at $0.070824. It was a bullish start to the day. Stellar’s Lumen rose from an early morning intraday low $0.069558 to a late morning intraday high $0.07200. Falling short of the first major resistance level at $0.07283, Stellar’s Lumen fell back to a low $0.070084.
Read the full topic at
https://www.fxempire.com/forecasts/article/litecoin-stellars-lumen-and-trons-trx-daily-analysis-june-17th-2020-655725
Follow me on
Twitter: https://twitter.com/cryptoexpert20
If you wont me to post your cryptocurrency article on my blog From the link
https://www.fiverr.com/cryptoexpert20/post-your-cryptocurrency-article-on-my-blog
Comments
Post a Comment