Home Litecoin Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 26/12/19 – Yahoo Finance

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 26/12/19 – Yahoo Finance

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Litecoin

Litecoin fell by 0.62% on Wednesday. Following on from a 0.59% decline on Tuesday, Litecoin ended the day at $40.08.

A bearish start to the day saw Litecoin fall from an early morning high $40.38 to a late morning intraday low $39.36.

Steering clear of the major resistance levels, Litecoin fell through the first major support level at $39.50 before striking a mid-day intraday high $40.39.

Through the 2nd half of the day, Litecoin found support at the first major support level for a 2nd time before recovering to $40 levels to limit the loss on the day.

At the time of writing, Litecoin was down by 0.6% to $39.84. A bearish start to the day saw Litecoin fall from an early morning high $40.13 to a low $39.76.

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

For the day ahead

Litecoin would need to move back through to $40.00 levels to support a run at the first major resistance level at $40.53.

Litecoin would need the support of the broader market to break out from the morning high $40.13.

Barring a crypto rally, however, the first major resistance at $40.53 and Wednesday’s high $40.39 would likely cap any upside.

Failure to move back through to $40.00 levels could see Litecoin slide deeper into the red.

A fall back through the morning low $39.76 would bring the first major support level at $39.50 into play.

Barring an extended sell-off, however, Litecoin should steer clear the second major support level at $38.91.

Looking at the Technical Indicators

Major Support Level: $39.50

Major Resistance Level: $40.53

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen fell by 1.17% on Wednesday. Reversing a 0.24% gain from Tuesday, Stellar’s Lumen ended the day at $0.044534.

A bullish start to the day saw Stellar’s Lumen strike an early morning intraday high $0.045080 before hitting reverse.

Falling short of the first major resistance level at $0.04565, Stellar’s Lumen slid to a mid-afternoon intraday low $0.044037.

Stellar’s Lumen fell through the first major support level at $0.04461 and the second major support level at $0.04413 before finding support.

In the late part of the day, Stellar’s Lumen broke back through the major support levels before falling back through the first major support level.

At the time of writing, Stellar’s Lumen down by 0.33% to $0.044388. A bearish start to the day saw Stellar’s Lumen fall to an early morning low $0.044284 before striking a high $0.044388

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

For the day ahead

Stellar’s Lumen would need to move through to $0.04455 levels to support a run at the first major resistance level at $0.04506.

Support from the broader market would be needed, however, for Stellar’s Lumen to break through to $0.045 levels.

Barring a broad-based crypto rally, however, the first major resistance level at $0.04506 levels would likely pin Stellar’s Lumen back on the day.

Failure to move through to $0.04455 levels could see Stellar’s Lumen slide deeper into the red.

A fall through the morning low $0.044284 would bring the first major support level at $0.04402 into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of the second major support level at $0.04351.

Looking at the Technical Indicators

Major Support Level: $0.04402

Major Resistance Level: $0.04506

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX slid by 2.22% on Wednesday. Following on from a 1.15% decline on Tuesday, Tron’s TRX ended the day at $0.013282.

A bearish start to the day saw Tron’s TRX fall from an early morning intraday high $0.013601 to a late afternoon intraday low $0.013043.

Steering clear of the major resistance levels, Tron’s TRX fell through the first major support level at $0.01328.

Finding support late on, Tron’s TRX bounced back to $0.01340 levels before sliding back. The first major support level limited the downside on the day.

At the time of writing, Tron’s TRX was down by 0.44% to $0.013224. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.013234 to a low $0.013224.

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

For the Day Ahead

Tron’s TRX would need to move through to $0.01330 levels to support a run at the first major resistance level at $0.01387.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.013234.

Barring a broad-based crypto rally, the first major resistance level would likely leave Tron’s TRX short of $0.014 levels.

Failure to move through to $0.01330 levels could see Tron’s TRX fall deeper into the red.

A fall through to sub-$0.01315 levels would bring the first major support level at $0.013020 into play.

Barring an extended sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.01275.

Looking at the Technical Indicators

Major Support Level: $0.01302

Major Resistance Level: $0.01387

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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