Litecoin, Stellar’s Lumen, and Tron’s TRX Daily Analysis July 13th, 2020
Litecoin
Litecoin fell by 0.07% on Sunday. Reversing a 0.92% gain from Saturday, Litecoin ended the week up by 7.50% to $44.71.
A bullish start to the day saw Litecoin rise to an early morning intraday high $45.24 before easing back.
Litecoin broke through the first major resistance level at $45.03 before falling back to sub$44.70 levels.
A second rally in the afternoon saw Litecoin break back through the first major resistance level before hitting reverse.
The reversal saw Litecoin slide through the first major support level at $44.16 to an intraday low $43.76.
Steering clear of the second major support level at $43.59, Litecoin found late support to wrap up the day at $44 levels.
At the time of writing, Litecoin was down by 0.08% to $44.63.
A mixed start to the day saw Litecoin rise to an early morning high $44.83 before falling to a low $44.53.
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 $44.57 pivot to support a run at the first major resistance level at $45.38.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $45.24.
Barring another crypto rally, the first major resistance level and Sunday’s high $45.24 would likely cap any upside.
Failure to avoid a fall through the $44.57 pivot would bring the first major support level at $43.90 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$43 levels. The second major support level at $43.09 should limit any downside.
Read the full topic at
https://finance.yahoo.com/news/litecoin-stellar-lumen-tron-trx-020419107.html
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Litecoin fell by 0.07% on Sunday. Reversing a 0.92% gain from Saturday, Litecoin ended the week up by 7.50% to $44.71.
A bullish start to the day saw Litecoin rise to an early morning intraday high $45.24 before easing back.
Litecoin broke through the first major resistance level at $45.03 before falling back to sub$44.70 levels.
A second rally in the afternoon saw Litecoin break back through the first major resistance level before hitting reverse.
The reversal saw Litecoin slide through the first major support level at $44.16 to an intraday low $43.76.
Steering clear of the second major support level at $43.59, Litecoin found late support to wrap up the day at $44 levels.
At the time of writing, Litecoin was down by 0.08% to $44.63.
A mixed start to the day saw Litecoin rise to an early morning high $44.83 before falling to a low $44.53.
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 $44.57 pivot to support a run at the first major resistance level at $45.38.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $45.24.
Barring another crypto rally, the first major resistance level and Sunday’s high $45.24 would likely cap any upside.
Failure to avoid a fall through the $44.57 pivot would bring the first major support level at $43.90 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$43 levels. The second major support level at $43.09 should limit any downside.
Read the full topic at
https://finance.yahoo.com/news/litecoin-stellar-lumen-tron-trx-020419107.html
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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