Litecoin

Litecoin fell by 1.59% on Tuesday. Partially reversing a 1.93% gain from Monday, Litecoin ended the day at $48.32.

A mixed start to the day saw Litecoin rise to an early morning intraday high $50.33 before hitting reverse.

Litecoin broke through the first major resistance level at $50.14 before sliding to a final hour intraday low $48.14.

Steering clear of the first major support level at $47.63, Litecoin wrapped up the day at $48.30 levels.

At the time of writing, Litecoin was down by 1.95% to $47.38. A bearish start to the day saw Litecoin fall from an early morning high $48.33 to a low $47.00.

Litecoin fell through the first major support level at $47.53 early on.

For the day ahead

Litecoin would need to move through the first major support level and the pivot level a $48.93 to support a run at the first major resistance level at $49.72.

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 resistance at $50 would likely cap any upside.

Failure to move through the first major support level would bring the second major support level at $46.74 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$45 levels. The third major support level sits at $44.55.

Looking at the Technical Indicators

First Major Support Level: $47.53

First Major Resistance Level: $49.72

23.6% FIB Retracement Level: $

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Stellar’s Lumen

Stellar’s Lumen fell by 2.93% on Tuesday. Reversing a 0.26% gain from Monday, Stellar’s Lumen ended the day at $0.077826.

It was a choppy start to the day. Stellar’s Lumen fell to a late morning low $0.079155 before making a move.

Steering clear of the first major support level at $0.07861, Stellar’s Lumen struck a mid-day intraday high $0.081532.

Falling short of the first major resistance level at $0.08188, Stellar’s Lumen slid to a late intraday low $0.07751.

Stellar’s Lumen fell through the first major support level at $0.07861 before steadying. In spite of finding late support, Stellar’s Lumen failed to break back through the first major support level.

At the time of writing, Stellar’s Lumen was down by 2.38% to $0.075976. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.07784 to a low $0.07533.

Stellar’s Lumen fell through the first major support level at $0.07638 early on.

For the day ahead

Stellar’s Lumen would need to move through the first major support level and the $0.07896 pivot to support a run at the first major resistance level at $0.08040.