Home Litecoin Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 21st, 2020

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 21st, 2020

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Litecoin

Litecoin slid by 2.89% on Sunday. Following on from a 0.14% decline on Saturday, Litecoin ended the week down by 2.28% to $47.09.

It was a bearish end to the week. Litecoin fell from an early morning intraday high $48.52 to a late afternoon intraday low $46.20.

Litecoin fell through the first major support level at $47.64 and the second major support level at $46.81.

Finding late support, Litecoin broke back through the second major support level to wrap up the day at $47 levels.

At the time of writing, Litecoin was up by 0.23% to $47.20. A mixed start to the day saw Litecoin fall to an early morning low $46.80 before rising to a high $47.40.

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

For the day ahead

Litecoin would need to move through the $47.27 pivot to support a run at the first major resistance level at $48.34.

Support from the broader market would be needed, however, for Litecoin to break back through to $48 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $48.52 would likely cap any upside.

Failure to move through the $47.27 pivot level would bring the first major support level at $46.02 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $44.95.

Looking at the Technical Indicators

First Major Support Level: $46.02

First Major Resistance Level: $48.34

23.6% FIB Retracement Level: $

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Stellar’s Lumen

Stellar’s Lumen slid by 2.16% on Sunday. Reversing a 0.24% gain from Saturday, Stellar’s Lumen ended the week down by 3.85% to $0.07689.

It was also a bearish end to the week. Stellar’s Lumen fell from an early morning intraday high $0.078615 to a late afternoon intraday low $0.075229.

The reversal saw Stellar’s Lumen slide through the first major support level at $0.07722 and the second major support level at $0.07595.

Finding late support, Stellar’s Lumen broke back through the second major support level to wrap up the day at $0.076 levels.

At the time of writing, Stellar’s Lumen was up by 0.14% to $0.076994. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.076377 before rising to a high $0.077383.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would avoid a fall back through the $0.07691 pivot to support a run at the first major resistance level at $0.07859.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.078 levels.

Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $0.078615 would like cap any upside.

Failure to avoid a fall back through the $0.07691 pivot level would bring the first major support level at $0.07521 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer of the second major support level at $0.07353.

Looking at the Technical Indicators

First Major Support Level: $0.07521

First Major Resistance Level: $0.07859

23.6% FIB Retracement Level: $0.09280

38% FIB Retracement Level: $0.1333

62% FIB Retracement Level: $0.1989

Tron’s TRX

Tron’s TRX fell by 2.12% on Sunday. Following on from a 4.8% tumble on Saturday, Tron’s TRX ended the week down by 11.84% to $0.026981.

It was a mixed start to the day. Tron’s TRX fell to an early morning low $0.02685 before making a move.

Steering clear of the first major support level at $0.02655, Tron’s TRX struck a late morning intraday high $0.02781.

Tron’s TRX fell well short of the 23.6% FIB of $0.0291 and the first major resistance level at $0.02940, however.

A reversal through the afternoon saw Tron’s TRX slide to a late afternoon intraday low $0.026268.

Tron’s TRX fell through the first major support level at $0.02655 before recovering to wrap up the day at $0.0269 levels.

At the time of writing, Tron’s TRX was up by 1.13% to $0.027286. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.026793 before rising to a high $0.02754.

Tron’s TRX left the major support and resistance levels untested early on.

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the $0.02702 pivot level to support another run at the first major resistance level at $0.02777.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.027754.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.02781 would likely cap any upside.

Failure to avoid a fall back through the $0.02702 pivot level would bring the first major support level at $0.02623 into play.

Barring an extended crypto sell-off, however, Tron’s TRX would likely steer clear of sub-$0.025 levels. The second major support level at $0.02548 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.02623

First Major Resistance Level: $0.02777

23.6% FIB Retracement Level: $0.0291

38.2% FIB Retracement Level: $0.0428

62% FIB Retracement Level: $0.0648

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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