In This Article:
Litecoin
Litecoin fell by 1.65% on Sunday. Reversing a 0.55% gain from Saturday, Litecoin ended the week up by 0.50% to $48.18.
A mixed start to the day saw Litecoin rise an early morning intraday high $51.05 before hitting reverse.
Litecoin broke through the first major resistance level at $49.77 and the second major resistance level at $50.57.
The reversal saw Litecoin slide through the first major support level at $47.81 to a late afternoon intraday low $47.31.
Finding support late in the day, however, Litecoin moved back through to $48 levels to limit the downside.
At the time of writing, Litecoin was up by 0.15% to $48.25. A mixed start to the day saw Litecoin slide to an early morning low $47.15 before rising to a high $48.30.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move to through the pivot level a $48.85 to support a run at the first major resistance level at $50.38.
Support from the broader market would be needed, however, for Litecoin to break back through to $50 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to move to through the pivot level a $48.85 would bring the first major support level at $46.64 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$47 levels.
Looking at the Technical Indicators
First Major Support Level: $46.64
First Major Resistance Level: $50.38
23.6% FIB Retracement Level: $54
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Stellar’s Lumen
Stellar’s Lumen slid by 4.52% on Sunday. Reversing a 0.11% gain from Saturday, Stellar’s Lumen ended the day at $0.080051.
It was a bullish start to the day. Stellar’s Lumen rose to a mid-morning intraday high $0.08455 before hitting reverse.
Falling short of the first major resistance level at $0.08502, Stellar’s Lumen slid to a late intraday low $0.07911.
Stellar’s Lumen fell through the first major support level at $0.08248 and the second major support level at $0.08107.
Finding late support, Stellar’s Lumen moved back through to $0.080 levels to limit the downside.
At the time of writing, Stellar’s Lumen was up by 0.52% to $0.080469. It was a mixed start to the day. Stellar’s Lumen slid to an early morning low $0.07874 before rising to a high $0.080972.
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 the $0.08124 pivot to support a run at the first major resistance level at $0.08337.