Litecoin

Litecoin tumbled by 14.81% on Wednesday. Following on from a 6.08% slide on Tuesday, Litecoin ended the day at $60.42.

A bearish start to the day saw Litecoin fall from an early morning intraday high $72.16 to a late afternoon intraday low $57.52.

Steering clear of the major resistance levels, Litecoin fell through the major support levels of the day. Litecoin also slid through the 23.6% FIB of $62.00.

Late in the day, Litecoin briefly broke back through the third major support level at $58.49 and 23.6% FIB before wrapping up the day at $60 levels.

At the time of writing, Litecoin was down by 0.22% to $60.29. A mixed start to the day saw Litecoin fall to an early morning low $57.10 before striking a high $61.02.

Litecoin left the major support and resistance levels untested early on.

Litecoin would need to move through to $63.40 levels to support a run the first major resistance level at $69.21.

Support from the broader market would be needed, however, for Litecoin to break out from the 23.6% FIB of $62.

Barring a broad-based crypto rebound, Litecoin would likely fall well short of the first major resistance level.

Failure to move through to $63.40 levels could see Litecoin fall deeper into the red.

A fall back through the morning low $57.10 would bring the first major support level at $54.57 into play.

Barring another extended crypto sell-off, however, Litecoin should steer clear of sub-$50 support levels on the day.

Major Support Level: $54.57

Major Resistance Level: $69.21

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen slid by 7.57% on Wednesday. Following on from a 6.47% fall on Tuesday, Stellars Lumen ended the day at $0.059109.

Tracking the broader market, Stellars Lumen slid from an early morning intraday high $0.064759 to a late afternoon intraday low $0.056106.

Stellars Lumen fell through the first major support level at $0.06249 and the second major support level at $0.06024.

Finding support late on, Stellars Lumen briefly moved back through the second major support level before wrapping up the day at sub-$0.060 levels.

At the time of writing, Stellars Lumen was down by 1.73% to $0.058088. A bearish start to the day saw Stellars Lumen fall from an early morning high $0.058438 to a low $0.056181.

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

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Stellars Lumen would need to move through to $0.060 levels to support a run at the first major resistance level at $0.06388.

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.058438.

Barring a broad-based crypto rebound, resistance at $0.060 would likely leave Stellars Lumen short of the first major resistance level.

Failure to move through to $0.060 levels could see Stellars Lumen struggle in the day.

A fall back through the morning low $0.0561818 would bring the first major support level at $0.05522 into play.

Barring another extended crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.055 support levels.

Major Support Level: $0.05522

Major Resistance Level: $0.06388

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX tumbled by 13.26% on Wednesday. Following on from a 4.65% fall on Tuesday, Trons TRX ended the day at $0.016410.

Bearish through the day, Trons TRX fell from an early morning intraday high $0.019145 to a late afternoon intraday low $0.015610.

The reversal saw Trons TRX slide through the major support levels of the day before finding support.

Finding support late on, Trons TRX recovered to $0.0167 levels before easing back. The third major support level at $0.01670 pinned Trons TRX back late in the day.

At the time of writing, Trons TRX was up by 1.83% to $0.016710. A mixed start to the day saw Trons TRX fall to an early morning low $0.015910 before striking a high $0.01680.

Trons TRX left the major support and resistance levels untested early on.

Trons TRX would need to move through to $0.0170 levels to support a run at the first major resistance level at $0.01850.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.01680.

Barring an extended crypto rebound, resistance at $0.018 would likely leave Trons TRX short of the first major resistance level.

Failure to move through to $0.0170 levels could see Trons TRX slide back into the red.

A fall back through to sub-$0.016 levels would bring the first major support level at $0.01497 into play.

Barring an extended crypto sell-off, however, Trons TRX should steer clear of sub-$0.015 levels on the day.

Major Support Level: $0.01497

Major Resistance Level: $0.01850

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

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Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 27/02/20 - Yahoo Finance