The cryptocurrency market rallied during the last days after it endured several downfalls in recent weeks. Most of the major cryptos rebounded. Bitcoin, which suffered severe losses, managed to recover again.
Tron’s TRX rallied by 10.63% on Monday, ending the day at $0.011559. The crypto also added 0.86% on Tuesday. On Wednesday, Tron’s TRX rose to a late morning intraday high $0.011724 from an early morning low of $0.011300. After falling again to a late afternoon intraday low $0.011161, it jumped again, finishing the day at $0.0115 levels.
Litecoin, on the other hand, gained 10.38% on Monday, ending the day at $40.70. Furthermore, it increased by 4.07% on Tuesday. However, the crypto fluctuated in early morning trade on Wednesday, falling to an intraday low $38.39 before making a move.
At first, it steered clear of the first major support level at $35.71, but the crypto soon struck a morning high $40.89. However, it dropped back to $39 levels shortly.
In a final hour intraday, Litecoin found support from the broader market and rallied to a high of $41.05. The crypto declined by 2.46% to $39.70 and then fell again to a low $39.60 at the end of the session, leaving the major support and resistance levels untested.
Stellar’s Lumen gained 8.24% after rallying on Monday. The crypto added 1.71% on Tuesday. However, it fluctuated from a $0.039372 low to a late morning high of $0.040574 on Wednesday. The crypto fell short of the first major resistance level at $0.04070, lowering to $0.039243 during a late afternoon intraday trading.
Even though Lumen skyrocketed to a late intraday high $0.040692, it eased back after missing the first major resistance level at $0.04079.
Despite the short rallies, Stellar’s Lumen had a bearish day. The crypto dropped from an early morning high of $0.040095 to a low $0.040088 and left the major support and resistance levels untested.