Cryptocurrencies

Stellar’s Lumen and Tron’s TRX rebounded in Monday’s session

Stellar’s Lumen rose by 1.18% to $0.064755 on Monday. After a bullish start of the day, the crypto soared from an early morning low of $0.063783 to a high of $0.064896.

On the other hand, Lumen suffered significant losses on Sunday, plummeting down by 4.74%. After a bullish start of the day, the crypto surged forward to an early morning intraday high of $0.068167 before lowering again. It also fell short of the first major resistance level at $0.06856. Following this, it tumbled down to a late afternoon low of $0.065418.

Even though Stellar’s Lumen managed to recover to $0.066 levels briefly, it slid to an intraday low of $0.063814 after a final hour sell-off. Furthermore, the crypto fell through the first major support level at $0.06629, as well as the second major support level at $0.06537. All in all Stellar’s Lumen lost 7.04% during last week, declining to $0.064001.

Meanwhile, Tron’s TRX gained 1.80% to $0.014456 on Monday. The crypto jumped from an early morning low of $0.014117 to a high of $0.014456.

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However, Tron’s TRX plunged down by 5.15% on Sunday. The crypto hit a mid-morning intraday high of $0.015300 before dropping. It declined to a late afternoon low of $0.014464 after falling short of the first major resistance level at $0.01546. Tron’s TRX also slid through the first major support level at $0.01469 before briefly rebounding to $0.01470 levels. The crypto lowered by 5.43% to $0.014200 during the week.

What about Litecoin?

Litecoin gained 1.05% to $42.50 on Monday. It rose from an early morning low of $41.76 to a high of $42.70. But the crypto left the major support and resistance levels untested.

On Sunday, Litecoin tumbled down by 4.08%, ending the week lower by 3.75% to $42.06. The crypto jumped to a mid-morning intraday high of $44.56 before reversing course. However, after coming up against the first major resistance level at $44.53, it slid to a late afternoon low of $42.50.

Furthermore, Litecoin dropped through the first major support level at $43.46, as well as the second major support level at $43.04. However, it briefly rebounded to $43.45 levels after finding support. Still, the crypto fell through the second major support level to an intraday low of $42.02 due to the sell-off.

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