In This Article:
Litecoin
Litecoin rallied by 4.19% on Monday. Following on from a 5.51% breakout on Sunday, Litecoin ended the day at $58.44.
A mixed start to the day saw Litecoin rise to $57 levels before falling back to a late morning intraday low $55.83.
Steering clear of the first major support level at $53.71, Litecoin rallied to a mid-afternoon intraday high $59.53.
Litecoin broke through the first major resistance level at $57.49 and second major resistance level at $58.90 before easing back.
At the time of writing, Litecoin was up by 3.78% to $60.65. A particularly bullish start to the day saw Litecoin rally from an early morning low $58.47 to a high $60.95.
Litecoin broke through the first major resistance level at $60.05 early.
For the day ahead
Litecoin would need to break through to $61 levels to support a run at the second major resistance level at $61.66.
Support from the broader market would be needed, however, for Litecoin to break out from the morning high $60.95.
Barring an extended crypto rally, resistance at $61 would likely limit any upside. In the event of another crypto breakout, the 23.6% FIB of $62 could come into play later in the day.
Failure to move through to $61 levels would likely see Litecoin come under pressure.
A fall back through the morning low $58.47 to sub-$58 levels would bring the first major support level at $56.31 into play.
Barring a crypto meltdown, however, Litecoin should steer clear of sub-$56 levels on the day.
Looking at the Technical Indicators
Major Support Level: $56.31
Major Resistance Level: $60.05
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 1.87% on Monday. Following on from a 4.18% rally on Sunday, Stellar’s Lumen ended the day at $0.059695.
Tracking the broader market, Stellar’s Lumen fell to a late morning intraday low $0.058045 before making a move.
Steering clear of the first major support level at $0.05662, Stellar’s Lumen rallied to a late afternoon intraday high $0.06100.
Stellar’s Lumen broke through the first major resistance level at $0.05947 and the second major resistance level at $0.05947.
A late pullback saw Stellar’s Lumen wrap up the day at sub-$0.060 levels.
At the time of writing, Stellar’s Lumen was up by 1.27% to $0.060453. A bullish start to the day saw Stellar’s Lumen rally from an early morning low $0.059914 to a high $0.060651.
Stellar’s Lumen left the major support and resistance levels untested early on.
For the day ahead
Stellar’s Lumen would need to break back through to Monday’s high $0.0610 to support a run at the first major resistance level at $0.06112.