The Crypto Daily – Movers and Shakers -12/03/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin rose by 0.65% on Wednesday. Reversing a 0.65% decline from Tuesday, Bitcoin ended the day at $7,969.6.

A mixed start to the day saw Bitcoin rise to an early morning high $7,985.0 before hitting reverse.

Falling well short of the major resistance levels, Bitcoin tumbled to a late afternoon intraday low $7,634.8.

The reversal saw Bitcoin fall through the first major support level at $7,733.6 before finding support.

A late bounce back saw Bitcoin strike an intraday high $8,034.6 before easing back to sub-$8,000 levels.

In spite of the late support, Bitcoin came up short of the first major resistance level at $8,137.0.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling at $8,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bearish day.

Cardano’s ADA led the way down, with a 4.46% slide. Bitcoin Cash SV (-3.83%), Ethereum (-3.00%), Litecoin (-3.35%), and Tezos (-3.22%) were close behind.

Binance Coin (-1.72%), Bitcoin Cash ABC (-1.37%), Monero’s XMR (-1.28%), Ripple’s XRP (-1.45%), Stellar’s Lumen (-2.52%), and Tron’s TRX (-1.46%) also saw red.

EOS joined Bitcoin in the green, with a 0.15% gain on the day.

Through the first half of the week, the crypto total market cap slid from a Monday current week high $233.12bn to a Wednesday current week low $215.34bn. At the time of writing, the total market cap stood at $223.85bn.

Bitcoin’s dominance returned to 64% levels after having fallen to sub-63.2% levels last week. At the time of writing, Bitcoin’s dominance stood at 64.7%.

Trading volumes hit $184bn levels on Monday before falling back to $121bn levels on Wednesday. At the time of writing, 24-hr volumes stood at $130.42bn.

This Morning

At the time of writing, Bitcoin was up by 0.1% to $7,977.7. Another mixed start to the day saw Bitcoin rise to an early morning high $8,001.7 before falling to a low $7,960.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bearish start to the day for the majors.

Stellar’s Lumen and Tezos led the way down, with losses of 0.52% and 0.59% respectively.

BTC/USD 12/03/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through to $8,000 levels to bring the first major resistance level at $8,124.53 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $8,034.6

Barring a broad-based crypto rebound, Wednesday’s high and resistance at $8,100 would likely cap any upside.

Failure to move through $8,000 levels could see Bitcoin struggle throughout the day.

A fall back through to sub-$7,880 levels would bring the first major support level at $7,724.73 into play.

Barring a crypto meltdown, however, Bitcoin should steer clear of the second major support level at $7,479.87.

Binance Coin Mid-Week Analysis – Support Levels in Play – 11/03/20

Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

Binance Coin Price Support

It’s been a bearish 1st half of the week for Binance Coin, which saw 2-days in the red out of the 3 through the start of the week.

It was a particularly bearish start to the week. Binance Coin tumbled by 16.72% on Sunday, leading to a Monday intraweek low $15.60 before finding support.

Binance Coin fell through the first major support level at $18.52 and the second major support level at $16.75.

Finding support through late Monday, Binance Coin fell by just 1.72% going into Tuesday at $16.80 levels.

The partial recovery saw Binance Coin break back through the second major support level on Monday.

A relatively choppy Tuesday, saw Binance Coin briefly revisit $17.4 levels before sliding back to sub-$17 levels.

Failing to break back through the first major support level at $18.52, Binance Coin fell back through the second major support level at $16.75.

Late support on the day led to a move back through the second major support level to deliver a 1.38% gain on the day.

For the current week, Binance Coin was down by 17.04%, Sunday through Tuesday.

The near-term bearish trend remained intact, supported by the late 2019 reversal and December’s swing lo $12.11.

It’s been a relatively bullish start to the year, however, with Binance Coin up by 23.4% from December’s swing lo.

For the bulls, Binance Coin would need to break through the 62% FIB of $29.5 to form a near-term bullish trend.

At the time of writing, Binance Coin was down by 0.90% to $16.67. A mixed start to the day on Wednesday saw Binance Coin rise to an early morning high $17.16 before falling to a low $16.54

Steering clear of the major resistance levels, Binance Coin fell back through the second major support level at $16.75.

BNB/USD 11/03/20 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through to $20.20 levels to bring the first major resistance level at $21.95 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through the major support levels and 23.6% FIB of $18.8.

Barring a broad-based crypto rebound ahead of the weekend, the 23.6% FIB would likely cap any upside.

Failure to break back through to $20.20 levels would see Binance Coin spend the week in the red.

A pullback through to sub-$16 levels would bring $14 levels into play before any recovery.

Barring an extended crypto meltdown, however, Binance Coin should steer clear of the third major support level at $13.32.

Looking at the Technical Indicators

Major Support Level: $18.52

Major Resistance Level: $21.95

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

The Crypto Daily – Movers and Shakers -10/03/20

Crypto currency background with various of shiny silver and golden physical cryptocurrencies symbol coins, Bitcoin, Ethereum, Litecoin, zcash, ripple

Bitcoin fell by 1.32% on Monday. Following on from a 9.47% tumble from Sunday, Bitcoin ended the day at $7,967.3.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $8,215.0 before hitting reverse.

Falling short of the major resistance levels, Bitcoin came up against the 23.6% FIB of $8,200 before falling to a mid-afternoon intraday low $7,700.0.

The reversal saw Bitcoin fall through the first major support level at $7,771.8 before steadying.

Through the latter part of the day, Bitcoin recovered to $7,900 levels to limit the loss on the day. The recovery saw Bitcoin break back through the first major support level at $7,771.8.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin falling back to sub-$8,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was also a mixed day.

Bitcoin Cash ABC (+0.50%), Bitcoin Cash SV (+1.01%), EOS (+0.36%), Ethereum (+1.63%), Ripple’s XRP (+2.70%), Stellar’s Lumen (+4.73%), and Tron’s TRX (+2.97%) saw green on the day.

It was bearish for the rest of the pack, however.

Binance Coin (-1.72%), Cardano’s ADA (-3.09%), Litecoin (-1.13%), Monero’s XMR (-1.64%), and Tezos (-1.88%) joined Bitcoin in the red.

Through the start of the week, the crypto total market cap slid from a Monday high $233.12bn to a low $219.19bn. At the time of writing, the total market cap stood at $226.82bn.

Bitcoin’s dominance visited 64% levels after having fallen to sub-63.2% levels last week. At the time of writing, Bitcoin’s dominance stood at 63.8%.

Trading volumes hit $184bn levels on Monday before easing back, with market volatility driving up volumes. At the time of writing, 24-hr volumes stood at $169.72bn.

This Morning

At the time of writing, Bitcoin was down by 0.25% to $7,947.1. A relatively bearish start to the day saw Bitcoin fall from an early morning high $7,979.8 to a low $7,927.5.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a bearish start to the day for the majors, with Bitcoin Cash ABC falling by 1.42% to lead the way down.

BTC/USD 10/03/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through to $7,960 levels to bring the first major resistance level at $8,221.53 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from the 23.6% FIB of $8,200.

Barring a broad-based crypto rebound, the 23.6% FIB and Monday’s high $8,215 would likely leave Bitcoin short of the major resistance levels.

Failure to move through $7,960 levels could see Bitcoin struggle throughout the day.

A fall back through to sub-$7,900 levels would bring the first major support level at $7,706.53 into play.

Barring another crypto meltdown, however, Bitcoin should steer clear of the second major support level at $7,445.77.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 08/03/20

Cryptomania

Binance Coin

Binance Coin rose by 5.46% in the week ending 7th March. Partially reversing a 12.51% tumble from the previous week, Binance Coin ended the week at $20.29.

A bearish start to the week saw Binance Coin fall to a Sunday intraweek low $18.41 before finding support.

A 1.69% loss on the day saw Binance Coin fall through the 23.6% FIB of $18.8 before rallying to a Friday intraweek high $21.84.

In spite of 4-days in the green that included a 5.45% rally on Monday and a 4.08% gain on Thursday, Binance Coin fell short of the first major resistance level at $22.64.

While breaking back through the 23.6% FIB in the week, a 5.13% slide on Saturday limited the upside on the week.

For the week ahead

Binance Coin would need to break back through to $20.20 levels to bring the first major resistance level at $21.95 into play.

Support from the broader market would be needed for Binance Coin to break out from last week’s high $21.84

Barring a broad-based crypto rally, the first major resistance level would likely continue to limit any upside in the week.

In the event of a breakout, the 38.2% FIB of $22.9 would likely leave Binance Coin short of the second major resistance level at $23.61.

Failure to move back through to $20.20 levels could see Binance Coin hit reverse.

A fall back through the 23.6% FIB would bring the first major support level at $18.52 into play

Barring another crypto meltdown, however, Binance Coin should steer clear of sub-$17 levels.

At the time of writing, Binance Coin was down by 4.07% to $19.46. A particularly bearish start to the week saw Binance Coin fall from an early morning high $20.40 to a low $19.21.

Binance Coin left the major support and resistance levels untested early on.

BNB/USD 08/03/20 Weekly Chart

Litecoin

Litecoin rose by 4.31% in the week ending 7th March. Partially reversing a 22.48% tumble from the previous week, Litecoin ended the week at $60.57.

Tracking the broader market, Litecoin fell to a Sunday intraweek low $56.05 before finding support.

Steering clear of the first major support level at $49.34, Litecoin rallied to a Saturday intraweek high $63.98 before hitting reverse.

While falling short of the first major resistance level at $73.74, Litecoin broke through the 23.6% FIB of $62.

A bearish end to the week, however, saw Litecoin fall by 4.42% on the day to end the week at sub-$61 levels. The Saturday pullback saw Litecoin fall back through the 23.6% FIB of $62.

For the week ahead

Litecoin would need to move through to $60 levels to support a run at the first major resistance level at $64.35.

Support from the broader market would be needed, however, for Litecoin to break back through the 23.6% FIB of $62.

Barring a broad-based crypto rebound, the 23.6% FIB would likely leave Litecoin short of the major resistance levels.

Failure to move back through to $60 levels could see Litecoin come under further pressure.

A fall back through to sub-$57 levels would bring the first major support level at $56.42 into play.

Barring a crypto meltdown, however, Litecoin should steer well clear of the second major support level at $52.27.

At the time of writing, Litecoin was down by 3.00% to $58.70. A bearish start to the week saw Litecoin fall from an early morning high $60.55 to a low $58.12.

Litecoin left the major support and resistance levels untested.

LTC/USD 08/03/20 Weekly Chart

Tron’s TRX

Tron’s TRX rose by 2.64% in the week ending 7th March. Partially reversing a 17.51% slump from the previous week, Tron’s TRX ended the week at $0.017054.

A bearish start to the week saw Tron’s TRX fall to a Sunday intraweek low $0.01619 before finding support.

Bullish through the week, Tron’s TRX rallied to a Thursday intraweek high $0.018462 before sliding back.

Falling short of the first major resistance level at $0.02019, Tron’s TRX fell back to a sub-$0.0166 levels before wrapping up the week in the green.

A 7.31% slide on Saturday partially offset gains from 4-days in the green that had included a 6.66% rally on Monday.

For the week ahead

Tron’s TRX would need to move back through to $0.01720 levels to support a run at the first major resistance level at $0.01830.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.018 levels.

Barring a broad-based crypto rally in the week, the first major resistance level at $0.01830 would likely limit any upside.

Failure to move through to $0.01720 could see Tron’s TRX struggle throughout the week.

A fall back through last week’s low $0.01619 would bring the first major support level at $0.01600 into play before any recovery.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of the second major support level at $0.01496.

At the time of writing, Tron’s TRX was down by 1.56% to $0.016788. A bearish start to the week saw Tron’s TRX slide from an early morning high $0.017021 to a low $0.016610.

Tron’s TRX left the major support and resistance levels untested.

TRX/USD 08/03/20 Weekly Chart

The Crypto Daily – Movers and Shakers -05/03/20

Coins of crypto currency are presented on a dark background. Virtual money concept.

Bitcoin slipped by 0.04% on Wednesday. Following on from a 1.65% fall on Tuesday, Bitcoin ended the day at $8,788.6.

A bullish start to the day saw Bitcoin rise to a mid-morning intraday high $8,877.7 before hitting reverse.

Falling short of the first major resistance level at $8,925.33, Bitcoin fell to a mid-afternoon intraday low $8,718.4.

Steering clear of the first major support level at $8,671.53, Bitcoin recovered to $8,700 levels to end the day flat.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a mixed day for the crypto majors.

Tezos led the way on Wednesday, surging by 12.38%.

Binance Coin (+1.47%), Cardano’s ADA (+0.87%), Ethereum (+0.38%), Ripple’s XRP (+0.15%), Stellar’s Lumen (+0.29%), and Tron’s TRX (+3.23%) also saw green.

It was a bearish day for the rest of the pack, however.

Bitcoin Cash SV and Bitcoin Cash ABC led the way down, with losses of 7.26% and 3.08% respectively.

EOS (-0.87%), Monero’s XMR (-0.05%), and Litecoin (-1.07%) also joined Bitcoin in the red.

Through the current week, the crypto total market cap rose to a Monday high $255.57bn before falling to a Wednesday low $248.91. At the time of writing, the total market cap stood at $249.72bn.

Bitcoin’s dominance fell back from 64% levels to sub-63.6% levels as Bitcoin struggled early in the week. At the time of writing, Bitcoin’s dominance stood at 63.9%.

Trading volumes hit an early Tuesday high $187.15bn before falling back to sub-$130bn levels. At the time of writing, 24-hr volumes stood at $144.22bn.

This Morning

At the time of writing, Bitcoin was up by 1.91% to $8,956.2. A bullish start to the day saw Bitcoin rise from an early morning low $8,788.6 to a high $8,974.0.

Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $8,871.4 and the second major resistance level at $8,954.2.

Elsewhere, it was a bullish start to the day for the major cryptos.

Binance Coin (+2.41%), Bitcoin Cash ABC (+2.69%), Bitcoin Cash SV (+3.08%), and Stellar’s Lumen (+3.16%) led the way early on.

BTC/USD 05/03/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to steer clear of sub-$8,950 levels to bring the third major resistance level at $9,113.50 into play.

Support from the broader market would be needed, however, for Bitcoin to breakthrough to $9,000 levels.

Barring an extended crypto rally, resistance at $9,000 would likely limit any upside on the day.

In the event of a breakout, expect the third major resistance level and the 38.2% FIB of $9,260 to come into play.

Failure to hold onto $8,950 levels could see Bitcoin fall into the red

A fall back through to sub-$8,800 levels would bring the first major support level at $8,712.1 into play.

Barring a broad-based crypto sell-off, however, Bitcoin should steer clear of the sub-$8,800 levels on the day.

Binance Coin Mid-Week Analysis – Resistance Levels in Play – 04/03/20

Binance

Binance Coin Price Resistance

It’s been a mixed start to the week for Binance Coin, which saw 2-days in the red out of the 3 through the start of the week.

A bearish start to the week saw Binance Coin fall to a Sunday current week low $18.41 before finding support.

While steering clear of the first major support level at $16.74, Binance Coin fell through the 23.6% FIB of $18.8 before finding support.

A 5.45% rally on Monday reversed a 1.69% fall from Sunday, leading Binance Coin to a Tuesday current week high $20.52.

Whilst falling well short of the first major resistance level at $22.64, Binance Coin broke back through the 23.6% FIB.

A bearish Tuesday limited the upside for the current week, however. Binance Coin fell by 1.32% to return to sub-$20 levels, leaving Binance Coin up by just 2.32% for the current week.

The near-term bearish trend remained intact in spite of the upward trend, supported by the late 2019 reversal and December’s swing lo $12.11.

It’s been a bullish start to the year, however, with Binance Coin up by 44.1% from December’s swing lo.

For the bulls, Binance Coin would need to break through the 62% FIB of $29.5 to form a near-term bullish trend.

At the time of writing, Binance Coin was up by 2.76% to $20.22. A bullish start to the day on Wednesday saw Binance Coin rise from an early morning low $19.58 to a high $20.29.

In spite of the bullish start to the day, Binance Coin continued to leave the major resistance levels untested.

BNB/USD 04/03/20 Weekly Chart

For the remainder of the week

Binance Coin would need to break back through the current week high $20.52 to bring the first major resistance level at $22.64 into play.

Support from the broader market would be needed, however, for Binance Coin to break back through the 38.2% FIB of $22.90.

Barring a broad-based crypto rebound ahead of the weekend, Binance Coin would likely come up short of $23 levels.

In the event of an extended rally going into the weekend, Binance Coin could revisit last week’s high $23.55 before any pullback.

Failure to break back through to $22.52 levels could see Binance Coin fall back into the red.

A pullback through to sub-$20.14 levels would bring the first major support level at $16.74 into play.

Barring an extended crypto meltdown, however, Binance Coin should steer clear of sub-$18 levels. The 23.6% FIB of $18.8 and the current week low $18.41 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $16.74

Major Resistance Level: $22.64

23.6% FIB Retracement Level: $18.8

38.2% FIB Retracement Level: $22.9

62% FIB Retracement Level: $29.5

The Crypto Daily – Movers and Shakers -03/03/20

Ripple, Dash coin, Bitcoin, Monero and Ethereum

Bitcoin rallied by 4.46% on Monday. Following a 0.05% decline on Sunday, Bitcoin ended the day at $8,938.4.

Bullish throughout the day, Bitcoin rallied from an early morning intraday low $8,524.6 to a late intraday high $8,990.8.

Steering clear of the major support levels, Bitcoin broke through the first major resistance level at $8,734.47 and second major resistance level at $8,912.23.

In spite of a late pullback, Bitcoin managed to close out the day above the second major resistance level.

The near-term bearish trend, formed at late June’s swing hi $13,764.0, remained firmly intact, with Bitcoin struggling to break out from $10,000 levels.

For the bulls, Bitcoin would need to break out from $11,000 levels to form a near-term bullish trend.

The Rest of the Pack

Across the rest of the top 10 cryptos, it was a bullish day for the crypto majors.

Bitcoin Cash SV, Cardano’s ADA, and Tezos led the way, with gains of 10.98%, 8.44%, and 7.14% respectively.

Bitcoin Cash ABC (+6.20%), EOS (+6.06%), Ethereum (+6.85%), Litecoin (+6.64%), Monero’s XMR (+6.47%), and Tron’s TRX (+6.03%) also saw solid gains.

Binance Coin (+5.61%), Ripple’s XRP (+5.50%), and Stellar’s Lumen (-1.50%) trailed the pack.

Through the start of the week, the crypto total market cap rose from a low $245.4bn to a Monday high $255.57bn before easing back. At the time of writing, the total market cap stood at $252.91bn.

Bitcoin’s dominance fell back from 64% levels as Bitcoin trailed the pack on Monday. At the time of writing, Bitcoin’s dominance stood at 63.8%.

Trading volumes hit an early Tuesday high $187.15bn before easing back. At the time of writing, 24-hr volumes stood at $170.11bn, which was still well above sub-$130bn levels seen in the early hours of Monday.

This Morning

At the time of writing, Bitcoin was down by 0.46% to $8,897.2. A bearish start to the day saw Bitcoin fall from an early morning high $8,940.0 to a low $8,843.7.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was also a bearish start to the day for the major cryptos.

Tezos (-1.69%), Cardano’s ADA (-1.47%), and Tron’s TRX (-1.45%) led the way down early on.

Binance Coin and Bitcoin Cash ABC saw modest losses, relative to the pack, of 0.41% and 0.28% respectively.

BTC/USD 03/03/20 Daily Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the morning high $8,940.0 to bring the first major resistance level at $9,111.27 into play.

Support from the broader market would be needed, however, for Bitcoin to break out from Monday’s high $8,990.8.

Barring a broad-based crypto recovery, resistance at $9,000 would likely leave Bitcoin short of the first major resistance level.

In the event of a crypto rally, the second major resistance level at $9,284.13 and 38.2% FIB of $9,260 could come into play.

Failure to move back through the morning high $8,940.0 see Bitcoin fall deeper into the red

A fall back through to sub-$8,820 levels would bring the first major support level at $8,645.07 into play.

Barring an extended crypto sell-off, however, Bitcoin should well steer clear of sub-$8,500 support levels and the 23.6% FIB of $8,200.

Altcoins Weekly Analysis – Binance Coin, Litecoin and Tron’s TRX – 01/03/20

Crypto00 567

Binance Coin

Binance Coin tumbled by 12.51% in the week ending 29th February. Following on from a 9.36% loss from the previous week, Binance Coin ended the month up by 5.37% to $19.23.

A bullish start to the week saw Binance Coin rise to a Monday intraweek high $23.55 before hitting reverse.

Falling short of the first major resistance level at $24.55, Binance Coin slid to a Thursday intraweek low $17.65.

Binance Coin fell through the first major support level at $20.16 and the second major support level at $18.33.

The reversal also saw Binance Coin fall through the 23.6% FIB of $18.8 before finding support.

Upward momentum through the late part of the week saw Binance Coin break back through the second major support level and the 23.6% FIB.

4-days in the red that included an 8.22% slide on Tuesday and 7.74% fall on Wednesday did the damage.

For the week ahead

Binance Coin would need to break back through to $20.15 levels to bring the first major resistance level at $22.64 into play.

Support from the broader market would be needed for Binance Coin to break back through to $20 levels.

Barring a broad-based crypto rally, resistance at $24 would likely continue to limit the upside in the week.

In the event of a breakout, the second major resistance level at $26.04 would likely pin Binance Coin back.

Failure to move back through to $20 levels could see Binance Coin spend a 3rd week in the red.

A fall back through the 23.6% FIB of 18.8 would bring the first major support level at $16.74 into play

Barring another crypto meltdown, however, Binance Coin should steer clear of sub-$17 levels.

At the time of writing, Binance Coin was up by 1.96% to $19.61. A mixed start to the week saw Binance Coin fall to an early morning low $19.12 before striking a high $19.94.

Binance Coin left the major support and resistance levels untested early on.

BNB/USD 01/03/20 Daily Chart

Litecoin

Litecoin tumbled by 22.48% in the week ending 29th February. Following on from a 2.45% fall from the previous week, Litecoin ended the month down by 14.60% to $58.04.

A bullish start to the week saw Litecoin rise to a Sunday intraweek high $80.75 before hitting reverse.

While falling short of the first major resistance level at $81.79, Litecoin broke through the 38.2% FIB of $78.

The reversal saw Litecoin tumble to a Friday intraweek low $56.35. Litecoin fell through the first major support level at $66.99 and the second major support level at $59.09. Of greater significance, however, was a fall through the 38.2% FIB of $78 and 23.6% FIB of $62.

While recovering from the week low, Litecoin failed to return to $60 levels.

5-days in the red that included a 6.08% fall on Tuesday and 14.85% tumble on Wednesday did the damage.

For the week ahead

Litecoin would need to move through to $65 levels to support a run at the first major resistance level at $73.74.

Support from the broader market would be needed, however, for Litecoin to move back through the 23.6% FIB of $62.

Barring an extended crypto rally, the 23.6% FIB would likely pin Litecoin back from $70 levels in the week.

Failure to move back through to $65 levels could see Litecoin come under pressure.

A fall back through last week’s low $56.35 would bring the first major support level at $49.34 into play.

Barring another crypto meltdown, however, Litecoin should steer well clear of the second major support level at $40.65.

At the time of writing, Litecoin was up by 2.74% to $59.63. A bullish start to the week saw Litecoin rise from an early morning low $58.00 to high $60.24.

Litecoin left the major support and resistance levels untested.

LTC/USD 01/03/20 Daily Chart

Tron’s TRX

Tron’s TRX slumped by 17.51% in the week ending 29th February. Following on from a 15.03% tumble from the previous week, Tron’s TRX ended the month down by 10.94% to $0.01660.

A bullish start to the week saw Tron’s TRX rise to a Sunday intraweek high $0.021486 before hitting reverse.

Falling short of the first major resistance level at $0.02350, Tron’s TRX fell to a Wednesday intraweek low $0.015610.

The reversal saw Tron’s TRX slide through the first major support level at $0.0177 and the second major support level at $0.01540.

Finding support late in the week, Tron’s TRX recovered to $0.017 levels before falling back to end the week at $0.016 levels.

4-days in the red that included a 13.6% slide on Wednesday did the damage in the week.

For the week ahead

Tron’s TRX would need to move back through to $0.0179 levels to support a run at the first major resistance level at $0.02020.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.0200 levels.

In the event of a broad-based crypto rally, Tron could revisit $0.021 levels before any pullback. We would expect the second major resistance level at $0.0238 to be out of reach in the week.

Failure to move through to $0.01790 could see Tron’s TRX hit reverse.

A fall back through last week’s low $0.01561 would bring the first major support level at $0.01430 into play before any recovery.

Barring an extended crypto sell-off, however, Tron’s TRX should steer clear of sub-$0.014 levels and second major support level at $0.0120.

At the time of writing, Tron’s TRX was up by 1.81% to $0.01690. A relatively bullish start to the week saw Tron’s TRX rise from an early morning low $0.016570 to a high $0.017110.

Tron’s TRX left the major support and resistance levels untested.

TRX/USD 01/03/20 Weekly Chart