Litecoin

Litecoin gained 0.65% on Tuesday. Partially reversing a 0.76% decline from Monday, Litecoin ended the day at $57.49.

A bullish start to the day saw Litecoin rise to an early morning intraday high $57.98 before hitting reverse.

Falling short of the first major resistance level at $58.29, Litecoin slid to an early evening intraday low $55.76.

Litecoin found support at the first major support level at $55.81 to move back through to $57 levels and into the green.

At the time of writing, Litecoin was down by 0.05% to $57.46. A mixed start to the day saw Litecoin fall to an early morning low $57.37 before striking a high $57.81.

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

Litecoin would need to move back through the morning high $57.81 to support a run at the first major resistance level at $58.03.

Support from the broader market would be needed, however, for Litecoin to break back through Tuesdays high $57.98.

Barring a broad-based crypto rally, the first major resistance level at $58.03 and Tuesdays high $57.98 would likely limit any upside.

Failure to move back through the morning high could likely see Litecoin spend the day in the red.

A fall back through to sub-$57.40 levels would bring the first major support level at $56.91 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$56 levels on the day. The second major support level at $56.32 should limit any downside.

Major Support Level: $56.91

Major Resistance Level: $58.03

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 0.32% on Tuesday. Following on from a 4.19% rally on Monday, Stellars Lumen ended the day at $0.062868.

A relatively bullish start to the day saw Stellars Lumen rise to an early afternoon intraday high $0.06446 before hitting reverse.

Falling short of the first major resistance level at $0.06521, Stellars Lumen slid to an early evening intraday low $0.061496.

Holding above the first major support level at $0.05980, Stellars Lumen bounced back to $0.064 levels before easing back.

At the time of writing, Stellars Lumen was up by 0.14% to $0.062955. A range-bound start to the day saw Stellars Lumen rise from an early morning low $0.062943 to a high $0.062955.

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

Story continues

Stellars Lumen would need to move through to $0.063 levels to support a run at the first major resistance level at $0.06439.

Support from the broader market would be needed, however, for Stellars Lumen to break back through to $0.064 levels.

Barring a broad-based crypto rally, the first major resistance level and Tuesdays high $0.06446 should limit any upside.

Failure to move back through to sub-$0.063 levels could see Stellars Lumen struggle throughout the day.

A fall back through to sub-$0.06290 levels would bring the first major support level at $0.06142 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer well clear of sub-$0.0600 levels.

Major Support Level: $0.06142

Major Resistance Level: $0.06439

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 4.39% on Tuesday. Following a flat Monday, Trons TRX ended the day at $0.017308.

A bullish start to the day saw Trons TRX rally from an early morning intraday low $0.01658 to an early afternoon intraday high $0.017591.

Steering clear of the major support levels, Trons TRX broke through the first major resistance level at $0.01686 and the second major resistance level at $0.01708.

Coming within range of the third major resistance level at $0.01763, Trons TRX fell back to sub-$0.017 levels.

Finding support at the first major resistance level at $0.01686, Trons TRX broke back through the second major resistance level to wrap the day at $0.017 levels.

At the time of writing, Trons TRX was up by 0.76% to $0.017439. A relatively bullish start to the day saw Trons TRX rise from an early morning low $0.017395 to a high $0.017439.

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

Trons TRX would need to move back through Tuesdays high $0.017591 to support a run at the first major resistance level at $0.01774.

Support from the broader market would be needed, however, for Trons TRX to break through to $0.0177 levels.

Barring a broad-based crypto rally, Tuesdays high $0.017591 and first major resistance level would likely cap any upside.

Failure to move through to Tuesdays high could see Trons TRX hit reverse.

A fall back through to sub-$0.01716 levels would bring the first major support level at $0.01673 into play

Barring a crypto meltdown, however, Trons TRX should steer clear of sub-$0.016 levels. The second major support level at $0.01615 should limit any downside on the day.

Major Support Level: $0.01673

Major Resistance Level: $0.01774

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

Read more:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 22/01/20 - Yahoo Finance