Litecoin

Litecoin rallied by 4.19% on Monday. Following on from a 5.51% breakout on Sunday, Litecoin ended the day at $58.44.

A mixed start to the day saw Litecoin rise to $57 levels before falling back to a late morning intraday low $55.83.

Steering clear of the first major support level at $53.71, Litecoin rallied to a mid-afternoon intraday high $59.53.

Litecoin broke through the first major resistance level at $57.49 and second major resistance level at $58.90 before easing back.

At the time of writing, Litecoin was up by 3.78% to $60.65. A particularly bullish start to the day saw Litecoin rally from an early morning low $58.47 to a high $60.95.

Litecoin broke through the first major resistance level at $60.05 early.

Litecoin would need to break through to $61 levels to support a run at the second major resistance level at $61.66.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $60.95.

Barring an extended crypto rally, resistance at $61 would likely limit any upside. In the event of another crypto breakout, the 23.6% FIB of $62 could come into play later in the day.

Failure to move through to $61 levels would likely see Litecoin come under pressure.

A fall back through the morning low $58.47 to sub-$58 levels would bring the first major support level at $56.31 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of sub-$56 levels on the day.

Major Support Level: $56.31

Major Resistance Level: $60.05

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 1.87% on Monday. Following on from a 4.18% rally on Sunday, Stellars Lumen ended the day at $0.059695.

Tracking the broader market, Stellars Lumen fell to a late morning intraday low $0.058045 before making a move.

Steering clear of the first major support level at $0.05662, Stellars Lumen rallied to a late afternoon intraday high $0.06100.

Stellars Lumen broke through the first major resistance level at $0.05947 and the second major resistance level at $0.05947.

A late pullback saw Stellars Lumen wrap up the day at sub-$0.060 levels.

At the time of writing, Stellars Lumen was up by 1.27% to $0.060453. A bullish start to the day saw Stellars Lumen rally from an early morning low $0.059914 to a high $0.060651.

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

Story continues

Stellars Lumen would need to break back through to Mondays high $0.0610 to support a run at the first major resistance level at $0.06112.

Support from the broader market would be needed, however, for Stellars Lumen to break out from the morning high $0.060651.

Barring an extended crypto rally, the first major resistance level and Mondays high $0.0610 should limit any upside.

Failure to move back through to Mondays high $0.061 could see Stellars Lumen hit reverse.

A fall through to sub-$0.05960 levels would bring the first major support level at $0.05816 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer well clear of sub-$0.058 levels.

Major Support Level: $0.05816

Major Resistance Level: $0.06112

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rose by 1.09% on Monday. Following on from a 4.32% rally on Sunday, Trons TRX ended the day at $0.017113.

A mixed start to the day saw Trons TRX rise to an early morning high 0.017065. Coming up against the first major resistance level at $0.01707, Trons TRX fell to a late morning intraday low $0.016765.

Steering clear of the first major support level at $0.01633, Trons TRX rallied to a mid-afternoon intraday high $0.017340.

Trons TRX broke back through the first major resistance level to come up against the second major resistance level at $0.01732.

In spite of easing back late in the day, Trons TRX held above the first major resistance level until the day end.

At the time of writing, Trons TRX was up by 1.81% to $0.017422. A bullish start to the day saw Trons TRX rise from an early morning low $0.017144 to a high $0.017493.

Steering clear of the major support levels, Trons TRX broke through the first major resistance level at $0.01738.

Trons TRX would need to move through to $0.01750 levels to support a run at the second major resistance level at $0.017650.

Support from the broader market would be needed, however, for Trons TRX to break out from the morning high $0.017493.

Barring an extended crypto rally, first major resistance level, and Mondays high would likely pin Trons TRX back.

Failure to move through to $0.01750 levels could see Trons TRX hit reverse.

A fall back through the morning low $0.017144 to sub-$0.01710 levels would bring the first major support level at $0.01681 into play.

Barring a crypto meltdown, however, Trons TRX should steer clear of the second major support level at $0.01650 on the day.

Major Support Level: $0.01681

Major Resistance Level: $0.01738

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

See more here:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 28/01/20 - Yahoo Finance