Litecoin

Litecoin rose by 3.68% on Tuesday. Following on from a 4.19% rally on Monday, Litecoin ended the day at $60.62.

A bullish start to the day saw Litecoin rally to an early morning intraday high $61.44 before hitting reverse.

Litecoin broke through the first major resistance level at $60.05 before sliding to a late afternoon intraday low $57.17.

In spite of the pullback, Litecoin steered clear of the first major support level at $56.31. Late in the day, Litecoin broke back through the first major resistance level to wrap up the day at $60 levels.

At the time of writing, Litecoin was up by 0.28% to $60.79. A mixed start to the day saw Litecoin rise from an early morning low $60.25 to a high $62.40 before falling back.

Litecoin broke through the 23.6% FIB of $62 and the first major resistance level at $62.32 early on.

Litecoin would need to break back through 23.6% FIB to support a run at the first major resistance level at $62.32.

Support from the broader market would be needed, however, for Litecoin to break back through to $61 levels.

Barring an extended crypto rally, the 23.6% FIB and first major resistance level would likely limit any upside.

In the event of another crypto breakout, the second major resistance level at $64.01 would likely limit any upside on the day.

Failure to break back through the 23.6% FIB could see Litecoin come under pressure.

A fall back through the morning low $60.25 to sub-$60 levels would bring the first major support level at $58.05 into play.

Barring a crypto meltdown, however, Litecoin should steer clear of Tuesdays low $57.17.

Major Support Level: $58.05

Major Resistance Level: $62.32

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellars Lumen rose by 0.78% on Tuesday. Following on from a 1.87% gain on Monday, Stellars Lumen ended the day at $0.060676.

A choppy start to the day saw Stellars Lumen fall to a late morning intraday low $0.059087 before finding support.

Steering clear of the first major support level at $0.05816, Stellars Lumen rallied to an early afternoon intraday high $0.061917.

Stellars Lumen broke through the first major resistance level at $0.06112 before falling back to sub-$0.060 levels.

Finding support late on, Stellars Lumen broke back through the first major resistance level before easing back to $0.060 levels.

At the time of writing, Stellars Lumen was up by 0.80% to $0.061161. A bullish start to the day saw Stellars Lumen rise from an early morning low $0.060802 to a high $0.061544.

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

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Stellars Lumen would need to break back through the morning high $0.061544 to support a run at the first major resistance level at $0.06203.

Support from the broader market would be needed, however, for Stellars Lumen to break back through the Tuesdays high $0.061917.

Barring an extended crypto rally, the first major resistance level at $0.06203 and Tuesdays high should limit any upside.

Failure to move back through the morning high $0.061544 could see Stellars Lumen hit reverse.

A fall through to sub-$0.06060 levels would bring the first major support level at $0.05920 into play.

Barring a crypto meltdown, however, Stellars Lumen should steer clear of sub-$0.059 levels.

Major Support Level: $0.05920

Major Resistance Level: $0.06203

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX surged by 8.97% on Tuesday. Following on from a 1.09% gain on Monday, Trons TRX end the day at $0.018681.

Tracking the broader market, Trons TRX rallied from an early morning intraday low $0.017144 to an early afternoon intraday high $0.018942.

Trons TRX broke through the major resistance levels before falling back to sub-$0.018 levels.

Finding late support, Trons TRX broke back through the major resistance levels to close out the day at $0.018 levels.

At the time of writing, Trons TRX was up by 1.37% to $0.018936. A mixed start to the day saw Trons TRX fall to an early morning low $0.018573 before striking a high $0.018936.

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

Trons TRX would need to move through Tuesdays high $0.018942 levels to support a run at the first major resistance level at $0.01937.

Support from the broader market would be needed, however, for Trons TRX to break through to $0.019 levels.

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

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

A fall back through the morning low $0.018573 to sub-$0.01830 levels would bring the first major support level at $0.01757 into play.

Barring a crypto meltdown, however, Trons TRX should steer well clear of the second major support level at $0.01646 on the day.

Major Support Level: $0.01757

Major Resistance Level: $0.01937

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

Excerpt from:

Litecoin, Stellars Lumen, and Trons TRX Daily Analysis 29/01/20 - Yahoo Finance