In This Article:
Litecoin
Litecoin fell by 1.92% on Monday. Following on from a 0.07% decline on Sunday, Litecoin ended the day at $43.90.
A bullish start to the day saw Litecoin rise to a mid-day intraday high $45.55 before hitting reverse.
Litecoin broke through the first major resistance level at $45.38 before sliding to a late intraday low $42.62.
The reversal saw Litecoin fall through the first major support level at $43.90 and the second major support level at $43.09.
Finding late support, Litecoin broke back through the major support levels to limit the loss on the day.
At the time of writing, Litecoin was down by 0.16% to $43.83. A bearish start to the day saw Litecoin fall from an early morning high $43.88 to a low $43.47.
Litecoin left the major support and resistance levels untested early in the day.
For the day ahead
Litecoin would need to move through the $44 pivot to support a run at the first major resistance level at $45.43.
Support from the broader market would be needed, however, for Litecoin to break back through to $45 levels.
Barring another crypto rally, the first major resistance level and Monday’s high $45.55 would likely cap any upside.
Failure to move through the $44 pivot would bring the first major support level at $42.50 into play.
Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$40 levels. The second major support level at $41.09 should limit any downside.
Looking at the Technical Indicators
Major Support Level: $45.43
Major Resistance Level: $42.50
23.6% FIB Retracement Level: $62
38.2% FIB Retracement Level: $78
62% FIB Retracement Level: $104
Stellar’s Lumen
Stellar’s Lumen slid by 5.15% on Monday. Reversing a 0.37% gain from Sunday, Stellar’s Lumen ended the day at $0.090535.
It was a mixed start to the day. Recovering from an early low $0.092589, Stellar’s Lumen rose to a mid-day intraday high $0.098188 before hitting reverse.
Falling short of the first major resistance level at $0.09876, Stellar’s Lumen fell to a late intraday low $0.08719.
Stellar’s Lumen fell through the first major support level at $0.09100 before finding support.
A recovery to $0.09174 levels was brief, however, with Stellar’s Lumen falling back through the first major support level late on.
At the time of writing, Stellar’s Lumen was down by 0.49% to $0.090094. A bearish start to the day saw Stellar’s Lumen fall to an early morning low $0.089569 before rising to a high $0.090094.
Stellar’s Lumen left the major support and resistance levels untested early on.