Litecoin

Litecoin rallied by 5.54% on Sunday. Reversing a 1% decline from Saturday, Litecoin ended the week down 3.45% to $41.93.

A bearish start to the day saw Litecoin fall to an early morning intraday low $39.69 before making a move.

Steering clear of the first major support level at $39.43, Litecoin rallied to a late intraday high $42.27.

Litecoin broke through the days major resistance levels on the way. In spite of a late pullback, Litecoin held above the third major resistance level at $41.22 until the day end.

At the time of writing, Litecoin was up by 0.74% to $42.24. A bullish start to the day saw Litecoin rise from an early morning low $41.91 to a high $42.57 before easing back.

In spite of the early moves, Litecoin left the major support and resistance levels untested early on.

Litecoin would need to steer clear of sub-$42 levels to support another run at the first major resistance level at $42.90.

Litecoin would need the support of the broader market to break out from the morning high $42.57.

Barring an extended crypto rally, however, the first major resistance level and morning high would likely limit any upside.

Failure to steer clear of sub-$42 levels could see Litecoin hit reverse.

A fall back through the morning low $41.91 to $41.30 levels would bring the first major support level at $40.32 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$40 levels and the second major support level at $38.72.

Major Support Level: $40.32

Major Resistance Level: $42.90

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rallied by 3.99% on Sunday. Reversing a 1.89% fall from Saturday, Stellars Lumen ended the week down 7.23% at $0.047341.

Tracking the broader market, Stellars Lumen rallied from an early morning intraday low $0.045524 to a late intraday high $0.047365.

Steering clear of the major support levels, Stellars Lumen broke through the first major resistance level at $0.4623 and the second major resistance level at $0.4702.

At the time of writing, Stellars Lumen was down by 0.97% to $0.046883. A mixed start to the day saw Stellars Lumen rise to an early morning high $0.047655 before falling to a low $0.046883.

Stellars Lumen left the major support and resistance levels untested early on.

Story continues

Stellars Lumen would need to steer clear of sub-$0.4675 levels to support a run at the first major resistance level at $0.04796.

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.047655 levels.

Barring a broad-based crypto rally, however, the resistance at $0.048 levels would likely continue to limit any upside.

Failure to steer clear of sub-$0.04675 levels could see Stellars Lumen slide deeper into the red.

A fall through $0.04675 would bring the first major support level at $0.04612 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.045 levels.

Major Support Level: $0.046120

Major Resistance Level: $0.04796

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 9.9% on Sunday. Following on from a 0.3% gain on Saturday, Trons TRX ended the week up 6.61% to $0.014921.

A bearish start to the day saw Trons TRX fall to an early morning intraday low $0.013572 before making its move.

Steering clear of the major support levels, Trons TRX rallied to a late intraday high $0.15010.

Trons TRX broke through the days major resistance levels to hit $0.015 levels for the 1st time since 4th December.

In spite of a late pullback, Trons TRX held above the third major resistance level at $0.1392 until the day end.

At the time of writing, Trons TRX was up by 2.07% to $0.015230. A bullish start to the day saw Trons TRX rally from an early morning low $0.14933 to a high $0.16000.

Steering clear of the major support levels, Trons TRX broke through the first major resistance level at $0.01543 and the second major resistance level at $0.01594.

Trons TRX would need to steer clear of sub-$0.015 levels to support a move through the first major resistance level at $0.01543.

Support from the broader market would be needed, however, for Trons TRX to break back through the second major resistance level at $0.1594.

Barring an extended crypto rally, the first major resistance level would likely limit any upside later in the day.

Failure to steer clear of sub-$0.015 levels could see Trons TRX hit reverse.

A fall through to sub-$0.01450 levels would bring the first major support level at $0.01399 into play.

Barring an extended sell-off, however, Trons TRX should steer clear of sub-$0.014 levels.

Major Support Level: $0.01399

Major Resistance Level: $0.01543

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

Visit link:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 23/12/19 - Yahoo Finance