Litecoin, Stellar’s Lumen, and Tron’s TRX Daily Analysis June 29th, 2020
It’s a bullish start to the day for the majors. Steering clear of the pivot levels would bring the resistance levels into play.
Litecoin
Litecoin rose by 0.71% on Sunday. Partially reversing a 4.67% slide from Saturday, Litecoin ended the week down by 3.82% to $41.32.
A bearish start to the day saw Litecoin fall to an early morning intraday low $40.40 before making a move.
Steering clear of the first major support level at $39.12, Litecoin rallied to a late afternoon intraday high $42.04.
Falling well short of the first major resistance level at $43.01, Litecoin eased back to $41 levels.
At the time of writing, Litecoin was flat at $41.32. A mixed start to the day saw Litecoin fall to an early morning low $41.15 before rising to a high $41.48.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to avoid a fall through the $41.25 pivot to support a run at the first major resistance level at $42.11.
Support from the broader market would be needed, however, for Litecoin to break back through to $42 levels.
Barring another crypto rally, the first major resistance level and Sunday’s high $42.04 would likely cap any upside.
Failure to avoid a fall through the $41.25 pivot could see Litecoin struggle on the day.
A fall back through to sub-$41 levels would bring the first major support level at $40.47 into play.
Barring an extended crypto sell-off, Litecoin should steer clear of the second major support level at $39.61.
Looking at the Technical Indicators
Major Support Level: $40.47
Major Resistance Level: $42.1123.6%
FIB Retracement Level: $6238.2%
FIB Retracement Level: $7862%
FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen rose by 2.39% on Sunday. Partially reversing a 5.73% slide from Saturday, Stellar’s Lumen ended the week down by 7.25% to $0.064041.
Tracking the broader market, Stellar’s Lumen fell to an early morning intraday low $0.061872 before finding support.
Steering clear of the first major support level at $0.05883, Stellar’s Lumen rallied to a late afternoon intraday high $0.06506.
Falling short of the first major resistance level at $0.06712, Stellar’s Lumen fell back to sub-$0.065 levels.
At the time of writing, Stellar’s Lumen was up by 1.40% to $0.06494.
A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.064337 to a high $0.064940.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.06370 pivot to support a run at the first major resistance level at $0.06544.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Sunday’s high $0.06506.
Barring another broad-based crypto rally, the first major resistance level and Sunday’s high would likely limit any upside.
Failure to avoid a fall through the $0.06370 pivot could see Stellar’s Lumen struggle later in the day.
A fall back through to sub-$0.064 levels would bring the first major support level at $0.06226 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.060 levels.
The second major support level at $0.06047 should limit any downside on the day.
Read the full topic at
https://www.fxempire.com/forecasts/article/litecoin-stellars-lumen-and-trons-trx-daily-analysis-june-29th-2020-657965
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Litecoin
Litecoin rose by 0.71% on Sunday. Partially reversing a 4.67% slide from Saturday, Litecoin ended the week down by 3.82% to $41.32.
A bearish start to the day saw Litecoin fall to an early morning intraday low $40.40 before making a move.
Steering clear of the first major support level at $39.12, Litecoin rallied to a late afternoon intraday high $42.04.
Falling well short of the first major resistance level at $43.01, Litecoin eased back to $41 levels.
At the time of writing, Litecoin was flat at $41.32. A mixed start to the day saw Litecoin fall to an early morning low $41.15 before rising to a high $41.48.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to avoid a fall through the $41.25 pivot to support a run at the first major resistance level at $42.11.
Support from the broader market would be needed, however, for Litecoin to break back through to $42 levels.
Barring another crypto rally, the first major resistance level and Sunday’s high $42.04 would likely cap any upside.
Failure to avoid a fall through the $41.25 pivot could see Litecoin struggle on the day.
A fall back through to sub-$41 levels would bring the first major support level at $40.47 into play.
Barring an extended crypto sell-off, Litecoin should steer clear of the second major support level at $39.61.
Looking at the Technical Indicators
Major Support Level: $40.47
Major Resistance Level: $42.1123.6%
FIB Retracement Level: $6238.2%
FIB Retracement Level: $7862%
FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen rose by 2.39% on Sunday. Partially reversing a 5.73% slide from Saturday, Stellar’s Lumen ended the week down by 7.25% to $0.064041.
Tracking the broader market, Stellar’s Lumen fell to an early morning intraday low $0.061872 before finding support.
Steering clear of the first major support level at $0.05883, Stellar’s Lumen rallied to a late afternoon intraday high $0.06506.
Falling short of the first major resistance level at $0.06712, Stellar’s Lumen fell back to sub-$0.065 levels.
At the time of writing, Stellar’s Lumen was up by 1.40% to $0.06494.
A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.064337 to a high $0.064940.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.06370 pivot to support a run at the first major resistance level at $0.06544.
Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Sunday’s high $0.06506.
Barring another broad-based crypto rally, the first major resistance level and Sunday’s high would likely limit any upside.
Failure to avoid a fall through the $0.06370 pivot could see Stellar’s Lumen struggle later in the day.
A fall back through to sub-$0.064 levels would bring the first major support level at $0.06226 into play.
Barring another extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.060 levels.
The second major support level at $0.06047 should limit any downside on the day.
Read the full topic at
https://www.fxempire.com/forecasts/article/litecoin-stellars-lumen-and-trons-trx-daily-analysis-june-29th-2020-657965
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
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