Cryptocurrencies

Litecoin tumbled down on Sunday. What about Tron’s TRX?

Litecoin collapsed by 8.02% on Sunday, but it still ended the week higher by 17.95% to $56.77. The crypto hit an early morning intraday high $65.31 before reversing course.

 

It also broke through the first major resistance level at $63.51 before plummeting to an early morning intraday low of $52.70. Afterward, Litecoin plunged through the first and second major support levels at $58.79 and $55.85. The crypto briefly rebounded to $59 levels before lowering again.

 

On Monday, Litecoin gained 0.93% to $57.30. The crypto dropped to an early morning low $55.72 before jumping to a high $57.60.

 

Tron’s TRX tumbled down by 7.24% on Sunday. Nonetheless, it ended the week higher by 2.29% to $0.019013. The crypto rallied to an early morning intraday high $0.021237 before pulling back.

 

It came up against the first major resistance level at $0.02101 and plummeted down to an early intraday low of $0.017800.

 

Furthermore, Tron’s TRX fell through the first major support level at $0.01969, as well as the second major support level at $0.01892.

 

On Monday, the crypto gained 1.90% to $0.019375. It fell to an early morning low of $0.018847 before surging to a high $0.019375.

Related Post

 

How did Stellar’s Lumen fare?

 

Stellar’s Lumen lost 4.85% on Sunday. Despite that, the crypto ended the week higher by 3.29% to $0.10265. It hit an early morning intraday high of $0.11585 before reversing course.

 

Lumen also managed to surpass the first major resistance level at $0.11191 before dropping to an early morning intraday low $0.090025.

 

After the pullback, Stellar’s Lumen plunged through the first major support level at $0.10029, along with the second major support level at $0.092920.

 

However, the crypto found support and briefly returned to $0.1075 levels before tumbling through the first major support level to sub-$0.10 levels.

 

On Monday, Stellar’s Lumen gained 2.21% to $0.10492. The crypto plummeted down to an early morning low $0.10199 before hitting a high $0.10573.

 

 

Recent Posts

Understanding Crypto Market Cycles and Their Phases

Crypto Market cycles represent a fundamental aspect of trading in financial markets, encompassing periods between the peak and trough of…

8 hours ago

Indian Economy Rise: Q1 at 7.8%, Q3 Peaks at 8.4%

Key Points: India's GDP growth has been impressive, with 7.8%, 7.6%, and 8.4% across the first three-quarters of FY24, surpassing…

9 hours ago

Asian Stocks: Nikkei Down 1.63%, Kospi Up 0.39%

Key Points: Japan Stocks Steep Decline: Nikkei 225 fell by 1.63%; broader concerns impact major companies. Singapore's Mixed Results: The…

9 hours ago

Market Watch: Ethereum Descends Below $3,100

Key Points: Ethereum has faced a dip, hitting a low of $3,005 after dropping from a high of $3,220, currently…

10 hours ago

Gold Prices Dip to $2,322.65 Amid Policy Shifts

Key Points: Gold spot prices are slightly down at $2,322.65 an ounce amidst Middle East tensions. Futures prices are steadier,…

13 hours ago

GBP/JPY’s Volatile Climb: Hovers Above 194.00 Mark

Key Points: GBP/JPY shows resistance near 194.00 but maintains bullish sentiment above key EMAs (50-day at 191.78, 200-day at 185.87).…

13 hours ago

This website uses cookies.