Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 30th, 2020
Litecoin
Litecoin rose by 1.28% on Monday. Following on from a 0.71% gain on Sunday, Litecoin ended the day at $41.87.
It was a mixed start to the day. Litecoin rose to an early morning high $41.53 before sliding to a late morning intraday low $40.57.
Coming within range of the first major support level at $40.47, Litecoin rallied to a late intraday high $42.24.
Litecoin broke through the first major resistance level at $42.11 before easing back to sub-$42 levels.
At the time of writing, Litecoin was down by 0.05% to $41.85. A mixed start to the day saw Litecoin rise to an early morning high $41.99 before falling to a low $41.78.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to avoid a fall through the $41.56 pivot to support a run at the first major resistance level at $42.55.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $42.24.
Barring another crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $41.56 pivot could see Litecoin struggle on the day.
A fall through to sub-$41 levels would bring the first major support level at $40.88 into play.
Barring an extended crypto sell-off, Litecoin should steer clear of the second major support level at $39.89.
Looking at the Technical Indicators
Major Support Level: $40.88
Major Resistance Level: $42.55
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen rose by 0.69% on Monday. Following on from a 2.39% rally on Sunday, Stellar’s Lumen ended the day at $0.06478.
Tracking the broader market, Stellar’s Lumen rose to an early morning high $0.06494 before hitting reverse.
Falling short of the major resistance levels, Stellar’s Lumen fell to a late morning intraday low $0.06300.
Steering clear of the first major support level at $0.06226, Stellar’s Lumen rallied to a late intraday high $0.065420.
Stellar’s Lumen came within range of the first major resistance level at $0.06544 before easing back to sub-$0.065 levels.
At the time of writing, Stellar’s Lumen was down by 0.22% to $0.064938. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.065175 before sliding to a low $0.064882.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to avoid a fall through the $0.06440 pivot to support a run at the first major resistance level at $0.06580.