Stellar Archives - fxempire.com

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 6th, 2020

Litecoin

Litecoin rose by 2.29% on Wednesday. Reversing a 1.54% decline from Tuesday, Litecoin ended the day at $58.97.

It was a mixed start to the day. Litecoin fell to an early morning intraday low $56.73 before making a move.

Steering clear of the first major support level at $56.12, Litecoin rallied to a late intraday high $59.92.

Litecoin broke through the first major resistance level at $59.39 before falling back to end the day at $58 levels.

At the time of writing, Litecoin was down by 1.42% to $58.13. A bearish start to the day saw Litecoin fall from an early morning high $59.22 to a low $57.78.

Litecoin left the major support and resistance levels untested early in the day.

For the day ahead

Litecoin would need to move through the $58.54 pivot to support a run at the first major resistance level at $60.35.

Support from the broader market would be needed, however, for Litecoin to break back through to $60 levels.

Barring another crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the $58.54 pivot would bring the first major support level at $57.16 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$55 levels. The second major support level at $55.35 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $57.16

First Major Resistance Level: $60.35

23.6% FIB Retracement Level: $54

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen fell by 2.66% on Wednesday. Partially reversing a 5.51% rally from Tuesday, Stellar’s Lumen ended the day at $0.10760.

It was a bearish day. Stellar’s Lumen fell from an early morning intraday high $0.11134 to a late intraday low $0.10666.

Late in the day, the first major support level at $0.10670 limited the downside.

At the time of writing, Stellar’s Lumen was down by 0.65% to $0.10690. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.10768 before falling to a low $0.10574.

Stellar’s Lumen tested the first major support level at $0.10573 early on.

For the day ahead

Stellar’s Lumen would need to move through the $0.10853 pivot to support a run at the first major resistance level at $0.11041.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.11 levels.

Barring a broad-based crypto rally, the first major resistance level and Wednesday’s high $0.11134 would likely limit any upside.

Failure to move through the $0.10853 pivot would bring the first major support level at $0.10573 back into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer of sub-$0.10 levels. The second major support level at $0.10385 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.10573

First Major Resistance Level: $0.11041

23.6% FIB Retracement Level: $0.09960

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX fell by 0.68% on Wednesday. Partially reversing a 2.35% gain from Tuesday, Tron’s TRX ended the day at $0.020309.

It was a mixed start to the day. Tron’s TRX fell to an early morning low $0.020112 before striking a late morning intraday high $0.020649.

Falling short of the first major resistance level at $0.02072, Tron’s TRX slid to a late intraday low $0.019991.

Finding support at the first major support level at $0.01997, Tron’s TRX recovered to $0.020 levels to limit the loss.

At the time of writing, Tron’s TRX was down by 1.89% to $0.019926. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.020316 to a low $0.019926.

Tron’s TRX fell through the first major support level at $0.01996 early on.

For the Day Ahead

Tron’s TRX would need to move through the first major support level and the $0.02034 pivot level to support a run at the first major resistance level at $0.02068.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.020 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the first major support level would bring the second major support level at $0.01962 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should avoid a return to sub-$0.019 levels on the day. The third major support level sits at $0.01889.

Looking at the Technical Indicators

First Major Support Level: $0.01996

First Major Resistance Level: $0.02068

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

The Crypto Daily – Movers and Shakers – August 6th, 2020

Bitcoin, BTC to USD, rallied by 4.91% on Wednesday. Reversing a 0.38% decline from, Bitcoin ended the day at $11,735.8.

It was a mixed start to the day. Bitcoin fell to an early morning intraday low $11,085 before making a move.

Steering clear of the first major support level at $10,993, Bitcoin rallied to a late intraday $11,800 before easing back.

Bitcoin broke through the first major resistance level at $11,386 and the second major resistance level at $11,587.

A late pullback saw Bitcoin briefly fall through the second resistance level before wrapping up the day at $11,700 levels.

The near-term bullish trend remained intact, supported by the latest move through to $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was another mixed day for the majors on Wednesday.

Binance Coin and Monero’s XMR rose by 4.48% and 3.59% to lead the pack.

Bitcoin Cash ABC (+2.71%), Bitcoin Cash SV (+2.89%), EOS (+0.71%), Ethereum (+2.94%), Litecoin (+2.29%), Ripple’s XRP (+0.38%) also found support.

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

Cardano’s ADA (-0.99%), Stellar’s Lumen (-2.66%), Tezos (-4.04%), and Tron’s TRX (-0.68%) saw red.

In the current week, the crypto total market cap rose from a Monday low $323.88bn to a Wednesday high $352.79bn. At the time of writing, the total market cap stood at $344.35bn.

Bitcoin’s dominance fell from a Monday high 62.46% to a Tuesday low 61.24%. At the time of writing, Bitcoin’s dominance stood at 62.38%.

This Morning

At the time of writing, Bitcoin was down by 0.82% to $11,639.5. A mixed start to the day saw Bitcoin rise to an early morning high $11,799.0 before falling to a low $11,605.0.

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

Elsewhere, it was a mixed start to the day. Tezos bucked the trend early on, rising by 1.49%.

It was a bearish start for the rest of the majors, however. At the time of writing, Binance Coin was down by 1.59% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,540 pivot to support a run at the first major resistance level at $11,996.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $11,800.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, the second major resistance level at $12,255 would come into play.

Failure to avoid a fall through the $11,540 pivot level would bring the first major support level at $11,280 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,000 levels. The second major support level sits at $10,825.

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 5th, 2020

Litecoin

Litecoin fell by 1.54% on Tuesday. Partially reversing a 3.06% gain from Monday, Litecoin ended the day at $57.65.

It was a mixed start to the day. Litecoin rose to an early morning intraday high $59.60 before hitting reverse.

Falling short of the first major resistance level at $60.52, Litecoin fell to an early afternoon intraday low $55.72.

Litecoin fell through the first major support level at $56.14 before briefly revisiting $58 levels.

At the time of writing, Litecoin was down by 0.29% to $57.48. A bearish start to the day saw Litecoin fall from an early morning high $57.85 to a low $56.73.

Litecoin left the major support and resistance levels untested early in the day.

For the day ahead

Litecoin would need to move through the $57.86 pivot to support a run at the first major resistance level at $59.39.

Support from the broader market would be needed, however, for Litecoin to break back through to $59 levels.

Barring another crypto rally, the first major resistance level and Tuesday’s high $59.60 would likely cap any upside.

Failure to move through the $57.86 pivot would bring the first major support level at $56.12 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$54 levels. The second major support level at $54.59 and the 23.6% FIB of $54 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $56.12

First Major Resistance Level: $59.39

23.6% FIB Retracement Level: $54

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen rallied by 5.51% on Tuesday. Following on from a 3.14% gain on Monday, Stellar’s Lumen ended the day at $0.11077.

It was a bullish day. Stellar’s Lumen rallied from an early morning intraday low $0.10499 to a late intraday high $0.11143.

Stellar’s Lumen broke through the first major resistance level at $0.10891 and the second major resistance level at $0.11260.

A late pullback, however, saw Stellar’s Lumen fall back through the second major resistance level.

At the time of writing, Stellar’s Lumen was down by 2.67% to $0.10781. A bearish start to the day saw Stellar’s Lumen fall from an early morning high $0.11134 to a low $0.10749.

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 $0.10906 pivot to support a run at the first major resistance level at $0.11314.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.11 levels.

Barring a broad-based crypto rally, the first major resistance level and Tuesday’s high $0.11143 would likely limit any upside.

Failure to move through the $0.10906 pivot would bring the first major support level at $0.10670 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer of sub-$0.10 levels. The second major support level at $0.10262 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.10670

First Major Resistance Level: $0.11314

23.6% FIB Retracement Level: $0.09960

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX rose by 2.35% on Tuesday. Following on from a 4.72% rally on Monday, Tron’s TRX ended the day at $0.020382.

A bullish start to the day saw Tron’s TRX rise to a late morning intraday high $0.020649 before hitting reverse.

Tron’s TRX broke through the first major resistance level at $0.020370 before falling to an early afternoon intraday low $0.019904.

Steering clear of the first major support level at $0.01913, Tron’s TRX moved back through to $0.020 levels to deliver the upside.

At the time of writing, Tron’s TRX was down by 0.58% to $0.020265. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.020449 to a low $0.020112.

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

For the Day Ahead

Tron’s TRX would need to move through the $0.02031 pivot level to support a run at the first major resistance level at $0.02072.

Support from the broader market would be needed, however, for Tron’s TRX to break out from Tuesday’s high $0.020649.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the $0.02031 pivot level would bring the first major support level at $0.01997 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should avoid a return to sub-$0.019 levels on the day. The second major support level at $0.01957 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.01997

First Major Resistance Level: $0.02072

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

The Crypto Daily – Movers and Shakers – August 5th, 2020

Bitcoin, BTC to USD, fell by 0.38% on Tuesday. Partially reversing a 1.52% gain from Monday, Bitcoin ended the day at $11,184.0.

It was a bullish start to the day. Bitcoin rose to an early morning intraday high $11,396.0 before hitting reverse.

Falling short of the first major resistance level at $11,474, Bitcoin slid to an early afternoon intraday low $11,003.0.

Steering clear of the first major support level at $10,961, Bitcoin briefly revisited $11,260 levels before falling back into the red.

The Rest of the Pack

Across the rest of the majors, it was a mixed day for the majors on Tuesday.

Tezos rallied by 6.32% to lead the way.

Binance Coin (+0.95%), Bitcoin Cash SC (+5.76%), Cardano’s ADA (+4.42%), Ethereum (+0.92%), Stellar’s Lumen (+5.51%), and Tron’s TRX (+2.35%) also found support.

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

Bitcoin Cash ABC (-2.10%), EOS (-0.53%), Litecoin (-1.54%), Monero’s XMR (-2.32%), and Ripple’s XRP (-2.90%) saw red on the day.

At the start of the week, the crypto total market cap rose from a Monday low $323.12bn to a Monday high $345.20bn. At the time of writing, the total market cap stood at $333.57bn.

Bitcoin’s dominance fell from a Monday high 62.43% to a Tuesday low 61.21%. At the time of writing, Bitcoin’s dominance stood at 61.74%.

This Morning

At the time of writing, Bitcoin was down by 0.26% to $11,155.0. A bearish start to the day saw Bitcoin fall from an early morning high $11,213.1 to a low $11.085.0.

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

Elsewhere, it was a mixed start to the day. Bitcoin Cash SV bucked the trend early on, rising by 0.03%.

It was a bearish start for the rest of the majors, however. At the time of writing, Tezos (-2.93%), Stellar’s Lumen (-2.86%), and Ripple’s XRP (-2.64%) led the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,194 pivot to support a run at the first major resistance level at $11,386.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,300 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $11,396 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,587. Expect plenty of resistance at $11,500, however.

Failure to move through the $11,194 pivot level would bring the first major support level at $10,993 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,800 levels on the day. The second major support level at $10,801 should limit any downside.

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 4th, 2020

Litecoin

Litecoin rose by 3.06% on Monday. Partially reversing an 8.02% slide from Sunday, Litecoin ended the day at $58.54.

It was a mixed start to the day. Litecoin fell to an early morning intraday low $55.72 before making a move.

Steering clear of the first major support level at $51.21, Litecoin rallied to a late afternoon intraday high $60.10.

Falling well short the first major resistance level at $63.82, however, Litecoin slid back to sub-$58 levels.

A late move back through $58 levels supported the upside on the day.

At the time of writing, Litecoin was up by 1.52% to $59.43. A bullish start to the day saw Litecoin rise from an early morning low $58.53 to a high $59.60.

Litecoin left the major support and resistance levels untested early in the day.

For the day ahead

Litecoin would need to avoid a fall through the $58.12 pivot to support a run at the first major resistance level at $60.52.

Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $60.10.

Barring another crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $58.12 pivot would bring the first major support level at $56.14 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$54 levels the second major support level at $53.74. The 23.6% FIB of $54 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $56.14

First Major Resistance Level: $60.52

23.6% FIB Retracement Level: $54

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen rose by 3.14% on Monday. Partially reversing a 4.85% slide from Sunday, Stellar’s Lumen ended the day at $0.10522.

It was a bullish start to the day. Stellar’s Lumen rallied from an early morning intraday low $0.10199 to an early afternoon intraday high $0.10914.

Falling short of the first major resistance level at $0.11566 Stellar’s Lumen fell back to $0.1040 levels before steadying.

At the time of writing, Stellar’s Lumen was up by 1.06% to $0.10634. A bullish start to the day saw Stellar’s Lumen rise from an early morning low $0.10499 to a high $0.10666.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.10545 pivot to support a run at the first major resistance level at $0.10891.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.1080 levels.

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

Failure to avoid a fall through the $0.10545 pivot would bring the first major support level at $0.10176 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer of sub-$0.10 levels and the second major support level at $0.09830.

Looking at the Technical Indicators

First Major Support Level: $0.10176

First Major Resistance Level: $0.10891

23.6% FIB Retracement Level: $0.09960

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX rallied by 4.72% on Monday. Partially reversing a 7.24% slide from Sunday, Tron’s TRX ended the day at $0.019895.

Tracking the broader market, Tron’s TRX dipped to an early morning intraday low $0.018847 before making a move.

Steering clear of the first major support level at $0.01746, Tron’s TRX rallied to a late afternoon intraday high $0.020083.

Falling short of the first major resistance level at $0.02090, Tron’s TRX fell back to sub-$0.020 levels before finding support.

Late in the day, Tron’s TRX recovered to $0.01989 levels to deliver the upside on the day.

At the time of writing, Tron’s TRX was up by 1.53% to $0.02020. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.019914 to a high $0.02020.

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

For the Day Ahead

Tron’s TRX would need to avoid a fall through the $0.01961 pivot level to support a run at the first major resistance level at $0.02037.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.02020.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $0.01961 pivot level would bring the first major support level at $0.01913 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should avoid a return to sub-$0.018 levels on the day. The second major support level at $0.01837 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.01913

First Major Resistance Level: $0.02037

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 3rd, 2020

Litecoin

Litecoin slid by 8.02% on Sunday. Reversing a 6.01% rally from Saturday, Litecoin ended the week up by 17.95% to $56.77.

It was a mixed start to the day. Litecoin rallied to an early morning intraday high $65.31 before hitting reverse.

Litecoin broke through the first major resistance level at $63.51 before tumbling to an early morning intraday low $52.70.

The second major resistance level at $65.29 capped the upside in the early morning.

Litecoin fell through the first major support level at $58.79 and the second major support level at $55.85.

Avoiding sub-$55 support levels, Litecoin briefly revisited $59 levels before falling back through the first and second major support levels.

A late move back through the second major support level reduced the deficit on the day.

At the time of writing, Litecoin was up by 0.93% to $57.30. A mixed start to the day saw Litecoin fall to an early morning low $55.72 before striking a high $57.60.

Litecoin left the major support and resistance levels untested early in the day.

For the day ahead

Litecoin would need to move through the $58.26 pivot to support a run at the first major resistance level at $63.82.

Support from the broader market would be needed, however, for Litecoin to break back through to $60 levels.

Barring another crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the $58.26 pivot would bring the 23.6% FIB of $54 and the first major support level at $51.21 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$50 levels. The second major support level sits at $45.65.

Looking at the Technical Indicators

First Major Support Level: $51.21

First Major Resistance Level: $63.82

23.6% FIB Retracement Level: $54

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen slid by 4.85% on Sunday. Partially reversing a 10.76% rally from Saturday, Stellar’s Lumen ended the week up by 3.29% to $0.10265.

A mixed start to the day saw Stellar’s Lumen rise to an early morning intraday high $0.11585 before hitting reverse.

Stellar’s Lumen broke through the first major resistance level at $0.11191 before sliding to an early morning intraday low $0.090025.

The reversal saw Stellar’s Lumen fall through the first major support level at $0.10029 and the second major support level at $0.092920 and 23.6% FIB of $0.0928.

Finding support, Stellar’s Lumen briefly revisited $0.1075 levels before falling back through the first major support level to sub-$0.10 levels.

Finding late support, however, Stellar’s Lumen moved back through the first major support level to reduce the deficit.

At the time of writing, Stellar’s Lumen was up by 2.21% to $0.10492. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.10199 before striking a high $0.10573.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.10284 pivot to support a run at the first major resistance level at $0.11566.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.11 levels.

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

Failure to avoid a fall back through the $0.0.10284 pivot would bring the first major support level at $0.08983 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer of sub-$0.090 levels on the day.

The 23.6% FIB of $0.09280 should limit any downside on the day.

Looking at the Technical Indicators

First Major Support Level: $0.08983

First Major Resistance Level: $0.11566

23.6% FIB Retracement Level: $0.09960

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX slid by 7.24% on Sunday. Reversing a 3.92% gain from Saturday, Tron’s TRX ended the week up by 2.29% to $0.019013.

Tracking the broader market, Tron’s TRX rallied to an early morning intraday high $0.021237 before hitting reverse.

Coming up against the first major resistance level at $0.02101, Tron’s TRX tumbled to an early intraday low $0.017800.

Tron’s TRX fell through the first major support level at $0.01969 and the second major support level at $0.01892.

Steering clear of the third major support level at $0.01760, Tron’s TRX revisited $0.01960 levels before sliding back.

The first major support level pinned Tron’s TRX back.

At the time of writing, Tron’s TRX was up by 1.90% to $0.019375. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.018847 before rising to a high $0.019375.

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

For the Day Ahead

Tron’s TRX would need to avoid a fall back through the $0.01935 pivot level to support a run at the first major resistance level at $0.02090.

Support from the broader market would be needed, however, for Tron’s TRX to break out back through to $0.020 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall back through the $0.01935 pivot level would bring the first major support level at $0.01746 into play.

Barring another extended crypto sell-off, however, Tron’s TRX should avoid a return to sub-$0.018 levels on the day.

Looking at the Technical Indicators

First Major Support Level: $0.01746

First Major Resistance Level: $0.02090

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

The Crypto Daily – Movers and Shakers – August 3rd, 2020

Bitcoin, BTC to USD, slid by 6.36% on Sunday. Reversing a 4.01% rally from Saturday, Bitcoin ended the week up by 11.11% to $11,053.8.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $12,097 before hitting reverse.

Bitcoin broke through the first major resistance level at $12,022.8 before sliding to an early morning intraday low $10,548.0.

Bitcoin fell through the first major support level at $11,406.8 and the second major support level at $11,008.9.

Steering clear of the third major support level at $10,392.9, Bitcoin briefly revisited $11,300 levels before easing back.

Bitcoin broke back through the second major support level to limit the loss on the day.

The Rest of the Pack

Across the rest of the majors, it was a bearish day on Sunday.

Bitcoin Cash ABC (-11.53%), Bitcoin Cash SV (-11.14%), EOS (-10.93%) led the way down.

Cardano’s ADA (-7.16%), Litecoin (-8.02%), and Tron’s TRX (-7.24%) also saw heavy losses

Binance Coin (-3.10%), Ethereum (-3.92%), Monero’s XMR (-5.16%), Ripple’s XRP (-1.25%), Stellar’s Lumen (-4.85%), and Tezos (-4.89%) saw relatively modest losses on the day.

While it was a bearish Sunday, it was a mixed week.

Ripple’s XRP rallied by 33.5% to lead the way.

Bitcoin Cash ABC (+13.82%), Bitcoin Cash SV (+15.09%), Ethereum (+19.52%), and Litecoin (+17.95%) also found strong support.

Binance Coin (+7.10%), EOS (+8.23%), Monero’s XMR (+8.71%), Stellar’s Lumen (+3.29%), and Tron’s TRX (+2.29%) trailed the front runners.

Cardano’s ADA (-9.99%) and Tezos (-3.19%) bucked the trend in the week, however.

In the week, the crypto total market cap rose from a Monday low $284.79bn to a Sunday high $362.06bn. At the time of writing, the total market cap stood at $331.14bn.

Bitcoin’s dominance rose to a Tuesday high 64.58% before sliding to a Sunday low 61.66%. At the time of writing, Bitcoin’s dominance stood at 62.07.

This Morning

At the time of writing, Bitcoin was up by 0.69% to $11,130.5. A mixed start to the day saw Bitcoin fall to an early morning low $10,943.0 before rising to a high $11,169.0.

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

Elsewhere, it was a bullish start to the day. Stellar’s Lumen was up by 2.46%, at the time of writing, to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,233 pivot to support a run at the first major resistance level at $11,918.

Support from the broader market would be needed, however, for Bitcoin to break out from $11,500 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,782.

Failure to move through the $11,233 pivot level would bring the first major support level at $10,369 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,500 levels on the day.

The Crypto Daily – Movers and Shakers – August 2nd, 2020

Bitcoin, BTC to USD, rallied by 4.01% on Saturday. Following a 2.04% gain on Friday, Bitcoin ended the day at $11,804.7.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $11,227 before making a move.

Steering clear of the first major support level at $11,080, Bitcoin rallied to a late intraday high $11,843.0.

Bitcoin broke through the first major resistance level at $11,530 and the second major resistance level at $11,710.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Saturday.

Ethereum (+11.69%), Ripple’s XRP (+12.06%), and Stellar’s Lumen (+10.76%) led the way.

Bitcoin Cash ABC (+6.05%), Bitcoin Cash SV (+5.97%), EOS (+6.71%), Litecoin (+6.01%), Monero’s XMR (+5.94%), and Tezos (+6.87%) also found strong support.

Binance Coin (+4.64%), Cardano’s ADA (+3.79%), and Tron’s TRX (+3.92%) trailed the front runners on the day.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Saturday high $349.72bn. At the time of writing, the total market cap stood at $348.82bn.

Bitcoin’s dominance rose from a Monday low 62.44% to a Tuesday high 64.58% before sliding back. At the time of writing, Bitcoin’s dominance stood at 62.69.

This Morning

At the time of writing, Bitcoin was down by 0.04% to $11,800. A mixed start to the day saw Bitcoin fall to an early morning low $11,788 before rising to a high $11,845.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.09%), Ethereum (+0.45%), Monero’s XMR (+0.30%), Stellar’s Limen (+0.58%), and Tron’s TRX (+0.87%) found early support.

It was a bearish start for the rest of the majors, however, with Litecoin down by 0.87% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,625 pivot to support a run at the first major resistance level at $12,023.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $11,843.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $12,241.

Failure to avoid a fall through the $11,625 pivot level would bring the first major support level at $11,407 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major support level at $11,009 and sub-$11,000 levels.

The Crypto Daily – Movers and Shakers – August 1st, 2020

Bitcoin, BTC to USD, rallied by 2.04% on Friday. Following a 0.05% gain on Thursday, Bitcoin ended the month up by 24.04% to $11,350.0.

A bearish start to the day saw Bitcoin fall to an early morning intraday low $10,990 before making a move.

Steering clear of the first major support level at $10,923.2, Bitcoin rose to a late afternoon intraday high $11,440.0.

Bitcoin broke through the first major resistance level at $11,255.4 and the second major resistance level at $11,387.8.

A late pullback saw Bitcoin fall back through the resistance levels before finding support.

Bitcoin broke back through the first major resistance level to wrap up the day at $11,350 levels.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Binance Coin (+7.76%), Bitcoin Cash SV (+7.19%), and Ripple’s XRP (+6.22%) led the way.

Bitcoin Cash ABC (+2.22%), Ethereum (+3.46%), Litecoin (+2.46%), and Monero’s XMR (+4.39%), also found strong support.

EOS (+1.36%), Stellar’s Lumen (+0.73%), Tezos (+1.44%), and Tron’s TRX (+1.93%) trailed the front runners.

Cardano’s ADA bucked the trend, however, falling by 1.17%.

It was a bullish July for the crypto market.

Cardano’s ADA surged by 67.38% to lead the majors.

Bitcoin Cash SV (+46.21%), Ethereum (+53.82%), Litecoin (+41.45%), Ripple’s XRP (+48.21%), and Stellar’s Lumen (+45.72%) also found strong support.

Binance Coin (+34.44%), Bitcoin Cash ABC (+34.87%), EOS (+30.56%), Monero’s XMR (33.17%), Tezos (+20.69%), and Tron’s TRX (+20.39%) trailed the front runners.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $326.94bn.

Bitcoin’s dominance rose from a Monday low 62.44% to a Tuesday high 64.58% before easing back. At the time of writing, Bitcoin’s dominance stood at 63.53.

This Morning

At the time of writing, Bitcoin was down by 0.82% to $11,257.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,398 before falling to a low $11,238.0.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Bitcoin Cash ABC (+0.14%), Cardano’s ADA (+0.21%), and Stellar’s Lumen (+0.69%) found early support.

It was a bearish start for the rest of the majors, however. Ripple’s XRP was down by 1.44% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,260 pivot to support a run at the first major resistance level at $11,530.

Support from the broader market would be needed, however, for Bitcoin to break out from Friday’s high $11,440.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,710.

Failure to move through the $11,260 pivot level would bring the first major support level at $11,080 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$11,000 levels and the second major support level at $10,810.

The Crypto Daily – Movers and Shakers – July 31st, 2020

Bitcoin, BTC to USD, rose by 0.05% on Thursday. Following on from a 1.70% gain on Wednesday, Bitcoin ended the day at $11,123.0.

A bearish start to the day saw Bitcoin fall to an early afternoon intraday low $10,855.8 before making a move.

Finding support at the first major support level at $10,852, Bitcoin rose to a late high $11,186.1.

Falling well short of the first major resistance level at $11,380, Bitcoin fell back to sub-$11,100 levels and into the red.

Finding late support, however, Bitcoin move struck a final hour intraday high $11,188 before easing back.

In spite of the pullback, Bitcoin closed out the day in the green.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Thursday.

Ethereum rallied by 5.39% to lead the way.

Bitcoin Cash ABC (+2.43%), Bitcoin Cash SV (+1.52%), Litecoin (+2.92%), Monero’s XMR (+2.58%), and Stellar’s Lumen (+1.72%) also found strong support.

Binance Coin (+0.55%), Cardano’s ADA (+0.62%), EOS (+0.90%), Ripple’s XRP (+0.36%), Tezos (+0.90%), and Tron’s TRX (+0.32%) tailed the front runners.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $321.79bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 63.58.

This Morning

At the time of writing, Bitcoin was down by 0.16% to $11,105.0. A mixed start to the day saw Bitcoin rise to an early morning high $11,149.3 before falling to a low $11,100.3.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.51%), Monero’s XMR (+0.22%), and Tezos (+0.01%) bucked the trend early on.

It was a bearish start for the rest of the majors, with Bitcoin Cash SV down by 0.58% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $11,056 pivot to support a run at the first major resistance level at $11,255.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $11,189.2.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,388.

Failure to avoid a fall through the $11,056 pivot level would bring the first major support level at $10,923 into play.

Barring an extended crypto sell-off, however, Bitcoin should continue to steer clear of sub-$10,800 levels and the second major support level at $10,723.

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 30th, 2020

Litecoin

Litecoin fell by 1.20% on Wednesday. Following a 4.61% rally on Tuesday, Litecoin ended the day at $55.20.

It was another mixed start to the day. Recovering from an early low $55.22, Litecoin rose to a mid-morning intraday high $56.99 before hitting reverse.

Falling short of the first major resistance level at $58.66, Litecoin fell to an early afternoon intraday low $54.77.

Steering clear of the first major support level at $52.38, Litecoin revisited $56 levels before sliding back to $55 levels. Litecoin also avoided a fall back through the 23.6% FIB of $54.

At the time of writing, Litecoin was up by 0.40% to $55.42. A mixed start to the day saw Litecoin fall to an early morning low $54.24 before striking a high $55.42.

Litecoin left the major support and resistance levels untested early in the day.

For the day ahead

Litecoin would need to move through the $55.65 pivot to support a run at the first major resistance level at $56.54.

Support from the broader market would be needed, however, for Litecoin to break back through to $56 levels.

Barring another crypto rally, the first major resistance level and Wednesday’s high $56.99 would likely cap any upside.

Failure to move through the $55.65 pivot would bring the first major support level at $54.32 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$54 levels and the second major support level at 53.43. The 23.6% FIB of $54 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $54.32

First Major Resistance Level: $56.54

23.6% FIB Retracement Level: $54

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen fell by 2.36% on Wednesday. Partially reversing a 3.66% gain from Tuesday, Stellar’s Lumen ended the day at $0.09520.

It was a mixed start to the day. Stellar’s Lumen fell to an early morning low $0.096459 before making a move.

Steering clear of the first major support level at $0.09466, Stellar’s Lumen rallied to an early morning intraday high $0.09959.

Coming up against the first major resistance level at $0.09960, Stellar’s Lumen slid to a late afternoon intraday low $0.094872.

Finding support at the first major support level at $0.09466, Stellar’s Lumen moved back through to $0.095 levels.

At the time of writing, Stellar’s Lumen was up by 0.59% to $0.095759. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.09450 before striking a high $0.095959.

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 $0.09655 pivot to support a run at the first major resistance level at $0.09824.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.098 levels.

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

Failure to move through the $0.09655 pivot would bring the first major support level at $0.09351 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.09182.

Looking at the Technical Indicators

First Major Support Level: $0.09351

First Major Resistance Level: $0.09824

23.6% FIB Retracement Level: $0.09960

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX slipped by 0.12% on Wednesday. Following a 2.26% gain on Tuesday, Tron’s TRX ended the day at $0.019224.

A bearish start saw Tron’s TRX fall to an early morning intraday low $0.018989 before making a move.

Steering clear of the first major support level at $0.01844, Tron’s TRX rallied to an early morning intraday high $0.019990.

Tron’s TRX broke through the first major resistance level at $0.01971 before falling back to $0.01910 levels.

Finding late support, however, Tron’s TRX revisited $0.0195 levels before sliding to $0.0192 levels and into the red.

At the time of writing, Tron’s TRX was down by 0.50% to $0.019128. A bearish start to the day saw Tron’s TRX fall to an early morning low $0.018829 before rising to a high $0.019169.

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

For the Day Ahead

Tron’s TRX would need to move through the $0.01940 pivot level to support a run at the first major resistance level at $0.01981.

Support from the broader market would be needed, however, for Tron’s TRX to break out from $0.01950 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $0.01999 would likely cap any upside.

Failure to move through the $0.01940 pivot level would bring the first major support level at $0.01881 into play.

Barring another extended crypto sell-off, Tron’s TRX should steer clear of the second major support level sits at $0.01840.

Looking at the Technical Indicators

First Major Support Level: $0.01881

First Major Resistance Level: $0.01981

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

The Crypto Daily – The Movers and Shakers – July 30th, 2020

Bitcoin, BTC to USD, rose by 1.70% on Wednesday. Reversing a 1.02% fall from Tuesday, Bitcoin ended the day at $11,117.

It was another mixed start to the day. Bitcoin fell to an early morning intraday low $10,851 before making a move.

Steering clear of the first major support level at $10,594, Bitcoin rallied to a late intraday high $11,355.

Bitcoin broke through the first major resistance level at $11,267 before easing back to sub-$11,200 levels.

The late pullback saw Bitcoin fall back through the first major resistance level at $11,267.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Wednesday.

Cardano’s ADA slid by 6.46% to lead the way down.

Bitcoin Cash SV (-2.54%), Monero’s XMR (-2.76%), and Stellar’s Lumen (-2.36%) also saw relatively heavy losses.

Binance Coin (-1.53%), Bitcoin Cash ABC (-1.06%), Litecoin (-1.20%), Tezos (-1.88%) and Tron’s TRX (-0.12%) saw more modest losses on the day.

It was a bullish day for the rest of the majors, however.

Ripple’s XRP rallied by 5.57% to lead the way.

EOS (+0.79%) and Ethereum (+0.20%) also found support.

In the current week, the crypto total market cap rose from a Monday low $285.49bn to a Monday high $335.81bn. At the time of writing, the total market cap stood at $318.81bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 64.14.

This Morning

At the time of writing, Bitcoin was down by 0.35% to $11,077.8. A bearish start to the day saw Bitcoin fall from an early morning high $11,117.4 to a low $11,004.0.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Monero’s XMR and Bitcoin Cash SV were up by 1.04% and 0.92% respectively to lead the way.

Binance Coin (+0.05%), Ethereum (+0.16%), and Stellar’s Lumen (+0.23%) also found early support.

It was a bearish start for the rest of the majors, with Ripple’s XRP down by 1.10% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move through the $11,116 pivot to support a run at the first major resistance level at $11,380.

Support from the broader market would be needed, however, for Bitcoin to break out from Wednesday’s high $11,355.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,601.

Failure to move through the $11,116 pivot level would bring the first major support level at $10,852 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of sub-$10,800 levels and the second major support level at $10,588.

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 29th, 2020

Litecoin

Litecoin rose by 4.61% on Tuesday. Following on from a 10.91% rally on Monday, Litecoin ended the day at $55.85.

It was a mixed start to the day. Litecoin rose to an early morning high $54.68 before falling to a late morning intraday low $51.71.

Steering clear of the first major support level at $48.12, Litecoin rallied to a late afternoon intraday high $57.99.

Litecoin broke through the first major resistance level at $57.46 before easing back.

At the time of writing, Litecoin was up by 0.21% to $55.97. A mixed start to the day saw Litecoin rise to an early morning high $56.28 before falling to a low $55.22.

Litecoin left the major support and resistance levels untested early in the day.

For the day ahead

Litecoin would need to avoid a fall through the $55.18 pivot to support a run at the first major resistance level at $58.66.

Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $57.99.

Barring another crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $55.18 pivot would bring the first major support level at $52.38 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$50 levels. The second major support level sits at $48.90.

Looking at the Technical Indicators

First Major Support Level: $52.38

First Major Resistance Level: $58.66

23.6% FIB Retracement Level: $54

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen rose by 3.66% on Tuesday. Partially reversing a 4.75% slide from Monday, Stellar’s Lumen ended the day at $0.097659.

It was a bearish start to the day. Stellar’s Lumen fell to an early morning intraday low $0.093592 before making a move.

Steering clear of the first major support level at $0.08854, Stellar’s Lumen rallied to a late intraday high $0.098536.

Falling short of the first major resistance level at $0.10061, Stellar’s Lumen eased back to end the day at $0.097 levels.

At the time of writing, Stellar’s Lumen was up 0.33% to $0.097977. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.096459 before rising to a high $0.098268.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.09660 pivot to support a run at the first major resistance level at $0.9960.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.0.098536.

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

Failure to avoid a fall through the $0.09660 pivot would bring the first major support level at $0.09466 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.09165.

Looking at the Technical Indicators

First Major Support Level: $0.09466

First Major Resistance Level: $0.09660

23.6% FIB Retracement Level: $0.09960

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX rose by 2.26% on Tuesday. Following on from a 0.94% gain on Monday, Tron’s TRX ended the day at $0.019179.

It was a mixed start to the day. Tron’s TRX rose to an early morning high $0.019031 before hitting reverse.

Falling short of the first major resistance level at $0.019040, Tron’s TRX slid to a late morning intraday low $0.018233.

Steering clear of the first major support level at $0.01791, Tron’s TRX rallied to a late intraday high $0.019500.

Tron’s TRX broke through the first major resistance level at $0.01940 before falling back to sub-$0.019 levels.

Finding late support, however, Tron’s TRX recovered to end the day at $0.019 levels.

At the time of writing, Tron’s TRX was up by 2.15% to $0.019591. A mixed start to the day saw Tron’s TRX rise fall to an early morning low $0.018989 before rising to a high $0.019729.

Tron’s TRX broke through the first major resistance level at $0.019710 early on.

For the Day Ahead

Tron’s TRX would need to avoid a fall through the $0.01897 pivot level to support another run at the first major resistance level at $0.01971.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.019729.

Barring an extended crypto rally, the first major resistance level and morning high would likely cap any upside.

Failure to avoid a fall through the $0.01897 pivot level would bring the first major support level at $0.01844 into play.

Barring an extended crypto sell-off, Tron’s TRX should steer clear of sub-$0.018 levels. The second major support level sits at $0.01770.

Looking at the Technical Indicators

First Major Support Level: $0.01844

First Major Resistance Level: $0.01971

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

The Crypto Daily – Movers and Shakers – July 29th, 2020

Bitcoin, BTC to USD, fell by 1.02% on Tuesday. Following Monday’s 11.01% breakout, Bitcoin ended the day at $10,932.

It was a mixed start to the day. Bitcoin rose to an early morning intraday high $11,263 before hitting reverse.

Falling short of the first major resistance level at $11,634, Bitcoin fell to a late morning intraday low $10,590.

Steering clear of the first major support level at $10,200, Bitcoin moved back through to $11,200 levels.

A bearish end to the day, however, saw Bitcoin give up the $11,000 handle to end the day in the red.

The near-term bullish trend remained intact, supported by the latest run at $11,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Tuesday.

Ethereum joined Bitcoin in the red, with a 1.49% loss.

It was a bullish day for the rest of the majors, however.

Bitcoin Cash ABC and Cardano’s ADA led the way, with gains of 7.54% and 7.83% respectively.

Bitcoin Cash SV (+3.73%), EOS (+5.06%), Litecoin (+4.61%), Monero’s XMR (+3.77%), and Stellar’s Lumen (+3.66%) also found strong support.

Binance Coin (+2.27%), Ripple’s XRP (+2.67%), Tezos (+0.47%), and Tron’s TRX (+2.26%) trailed the front runners.

At the start of the week, the crypto total market cap rose from a Monday low $285.49bn to a high $335.80bn. At the time of writing, the total market cap stood at $315.11bn.

Bitcoin’s dominance rose from a Monday low 62.43% to a Tuesday high 64.57% before easing back. At the time of writing, Bitcoin’s dominance stood at 63.88%.

This Morning

At the time of writing, Bitcoin was down by 0.06% to $10,925. A mixed start to the day saw Bitcoin rise to an early morning high $10,994 before falling to a low $10,915.6.

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

Elsewhere, it was a mixed start to the day. Tezos was up by 0.10%, at the time of writing, to buck the trend.

It was a bearish start for the rest of the majors, however.

Cardano’s ADA was down by 1.85% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to move back through the $10,928 pivot to support a run at the first major resistance level at $11,267.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,200 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $11,263 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could eye the second major resistance level at $11,601.

Failure to move back through the $10,928 pivot level would bring the first major support level at $10,594 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major support level at $10,255.

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 28th, 2020

Litecoin

Litecoin rallied by 10.91% on Monday. Reversing a 2.21% slide from Sunday, Litecoin ended the day at $53.38.

It was a mixed start to the day. Litecoin rose to a mid-day high $49.70 before falling to a mid-afternoon intraday low $46.93.

Finding support at the first major support level at $46.92, Litecoin rallied to a late intraday high $56.27.

Litecoin broke through the day’s major resistance levels before pulling back.

The pullback saw Litecoin fall through the third major resistance level at $55.16 to wrap up the day at $53 levels.

At the time of writing, Litecoin was up by 0.96% to $53.89. A bullish start to the day saw Litecoin rise from an early morning low $53.59 to a high $54.07.

Litecoin left the major support and resistance levels untested early in the day.

For the day ahead

Litecoin would need to avoid a fall through the $52.19 pivot to support a run at the first major resistance level at $57.46.

Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $56.27.

Barring another crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $52.19 pivot would bring the first major support level at $48.12 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$48 levels. The second major support level sits at $42.85.

Looking at the Technical Indicators

First Major Support Level: $48.12

First Major Resistance Level: $57.46

23.6% FIB Retracement Level: $

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen slid by 4.75% on Monday. Following on from a 1.42% decline on Sunday, Stellar’s Lumen ended the day at $0.09466.

It was a bullish start to the day. Stellar’s Lumen rose to an early morning intraday high $0.10044 before hitting reverse.

Falling short of the first major resistance level at $0.10419, Stellar’s Lumen slid to a mid-afternoon intraday low $0.088367.

Stellar’s Lumen fell through the first major support level at $0.09611 and the second major support level at $0.09288.

Finding late support, Stellar’s Lumen broke back through the second major support level to limit the downside on the day.

At the time of writing, Stellar’s Lumen was up 0.96% to $0.09557. A mixed start to the day saw Stellar’s Lumen fall to an early morning low $0.09391 before rising to a high $0.09583.

Stellar’s Lumen left the major support and resistance levels untested early on.

For the day ahead

Stellar’s Lumen would need to avoid a fall back through the $0.09449 pivot to support a run at the first major resistance level at $0.10061.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.10044.

Barring a broad-based crypto rally, the first major resistance level and Monday’s high would likely limit any upside.

A fall through the $0.09449 pivot would bring the first major support level at $0.08854 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.08242.

Looking at the Technical Indicators

First Major Support Level: $0.08854

First Major Resistance Level: $0.10061

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX rose by 0.94% on Monday. Reversing a 0.99% fall from Sunday, Tron’s TRX ended the day at $0.01876.

It was a mixed start to the day. Tron’s TRX rose to an early morning high $0.018978 before hitting reverse.

Falling short of the first major resistance level at $0.01921, Tron’s TRX slid to a mid-afternoon intraday low $0.017685.

Tron’s TRX fell through the first major support level at $0.01815 and the second major support level at $0.01772.

Finding late support, Tron’s TRX broke back through the support levels to strike a late intraday high $0.019177.

Tron’s TRX came within range of the first major resistance level at $0.01921 before tumbling back to $0.01820 levels.

Finding support at the first major support level at $0.01815, Tron’s TRX recovered to end the day in the green.

At the time of writing, Tron’s TRX was up by 0.56% to $0.018868. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.018755 to a high $0.019031.

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

For the Day Ahead

Tron’s TRX would need to avoid a fall through the $0.01854 pivot level to support another run at the first major resistance level at $0.01940.

Support from the broader market would be needed, however, for Tron’s TRX to break out from the morning high $0.019013.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $0.01854 pivot level would bring the first major support level at $0.01791 into play.

Barring another extended crypto sell-off, Tron’s TRX should steer clear of sub-$0.017 levels. The second major support level at $0.01705 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.01791

First Major Resistance Level: $0.01940

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 27th, 2020

Litecoin

Litecoin fell by 2.21% on Sunday. Partially reversing an 11.43% rally from Saturday, Litecoin ended the week up by 12.77% to $48.14.

It was a mixed start to the day. Litecoin fell to an early morning low $48.08 before striking a late morning intraday high $50.79.

Falling short of the first major resistance level at $51.22, Litecoin fell to a late morning intraday low $47.64.

Steering clear of the first major support level at $45.67, Litecoin recovered to $48 levels to limit the downside.

At the time of writing, Litecoin was up by 0.98% to $48.61. A mixed start to the day saw Litecoin fall to an early morning low $48.02 before striking a high $48.72.

Litecoin left the major support and resistance levels untested early in the day.

For the day ahead

Litecoin would need to move through the $48.86 pivot to support a run at the first major resistance level at $50.07.

Support from the broader market would be needed, however, for Litecoin to break back through to $50 levels.

Barring another crypto rally, the first major resistance level and Sunday’s high $50.79 would likely cap any upside.

Failure to move through the $48.86 pivot would bring the first major support level at $46.92 into play.

Barring an extended crypto sell-off, however, Litecoin should steer clear of sub-$46 levels. The second major support level sits at $45.71.

Looking at the Technical Indicators

First Major Support Level: $46.92

First Major Resistance Level: $50.07

23.6% FIB Retracement Level: $62

38.2% FIB Retracement Level: $78

62% FIB Retracement Level: $104

Stellar’s Lumen

Stellar’s Lumen fell by 1.42% on Sunday. Partially reversing a 4.71% gain from Saturday, Stellar’s Lumen ended the week down by 0.99% to $0.09935.

It was a mixed start to the day. Stellar’s Lumen fell to an early morning low $0.09946 before striking a late morning intraday high $0.1058.

Stellar’s Lumen broke through the first major resistance level at $0.10286 and the second major resistance level at $0.10491.

Bearish through the remainder of the day, however, Stellar’s Lumen slid to a late intraday low $0.097719.

Steering clear of the first major support level at $0.09714, Stellar’s Lumen recovered to $0.099 levels to limit the loss.

At the time of writing, Stellar’s Lumen was down by 1.12% to $0.098239. A mixed start to the day saw Stellar’s Lumen rise to an early morning high $0.09979 before falling to a low $0.098080.

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 $0.10096 pivot to support a run at the first major resistance level at $0.10419.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from $0.1010 levels.

Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $0.10580 would likely limit any upside.

Failure to move through the $0.10096 pivot would bring the first major support level at $0.09611 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of second major support level sits at $0.09288.

Looking at the Technical Indicators

First Major Support Level: $0.09611

First Major Resistance Level: $0.10419

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX fell by 0.99% on Sunday. Partially reversing a 3.98% gain from Saturday, Tron’s TRX ended the week up by 5.73% to $0.018585.

It was a mixed start to the day. Tron’s TRX fell to an early morning low $0.018557 before striking a late morning intraday high $0.019392.

Tron’s TRX broke through the first major resistance level at $0.01908 and the second major resistance level at $0.01936.

A late morning sell-off, however, saw Tron’s TRX slide to a mid-day intraday low $0.018339.

Steering clear of the first major support level at $0.01828, Tron’s TRX revisited $0.01870 levels before easing back.

At the time of writing, Tron’s TRX was up by 0.51% to $0.018680. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.018557 before rising to a high $0.018714.

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

For the Day Ahead

Tron’s TRX would need to move through the $0.01877 pivot level to support a run at the first major resistance level at $0.01921.

Support from the broader market would be needed, however, for Tron’s TRX to break back through to $0.019 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.019392 would likely cap any upside.

Failure to move through the $0.01877 pivot level would bring the first major support level at $0.01815 into play.

Barring an extended crypto sell-off, Tron’s TRX should steer clear of sub-$0.018 levels. The second major support level sits at $0.01772.

Looking at the Technical Indicators

First Major Support Level: $0.01815

First Major Resistance Level: $0.01921

23.6% FIB Retracement Level: $0.0322

38.2% FIB Retracement Level: $0.0452

62% FIB Retracement Level: $0.0663

Please let us know what you think in the comments below

Thanks, Bob

The Crypto Daily – Movers and Shakers – July 27th, 2020

Bitcoin, BTC to USD, rose by 2.40% on Sunday. Following on from a 1.63% gain on Saturday, Bitcoin ended the week up by 7.77% to $9,948.4.

It was another mixed start to the day. Bitcoin slipped to an early morning intraday low $9,674.8 before rallying to a late morning intraday high $10,190.0.

Bitcoin broke through the day’s major resistance levels before falling back to sub-$9,900 levels.

The pullback saw Bitcoin fall back through the third major resistance level at $10,073 and the second major resistance level at $9,874.

Finding late support, however, Bitcoin broke back through the second major resistance level to end the day at $9,900 levels.

Resistance at $10,000 pinned Bitcoin back through the 2^nd half of the day.

The near-term bullish trend remained intact in spite of the early July pullback to sub-$9,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Sunday.

Monero’s XMR rallied by 6.16% to lead the way.

Cardano’s ADA (+3.43%), Ethereum (+1.90%), and Ripple’s XRP (+0.28%) also joined Bitcoin in the green.

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

Bitcoin Cash SV (-2.93%), Litecoin (-2.21%), and Tezos (-2.22%) led the way down.

Binance Coin (-1.31%), Bitcoin Cash ABC (-1.29%), EOS (-0.60%), Stellar’s Lumen (-1.42%), and Tron’s TRX (-0.99%) also struggled.

It was also a mixed week for the majors.

Stellar’s Lumen fell by 0.99% to buck the trend for the week.

It was a bullish week for the rest of the majors, however, with Ethereum surging by 30.13% to lead the way.

Bitcoin Cash ABC (+11.20%), Cardano’s ADA (+19.80%), Litecoin (+12.77%), and Monero’s XMR (+13.35%) also found strong support.

Binance Coin (+8.66%), Bitcoin Cash SV (+9.46%), EOS (+4.88%), Ripple’s XPR (+7.80%), Tezos (+0.18%), and Tron’s TRX (+5.73%) trailed the front runners.

In the week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Sunday high $305.28bn. At the time of writing, the total market cap stood at $295.57bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Sunday low 61.62%. At the time of writing, Bitcoin’s dominance stood at 62.40%.

This Morning

At the time of writing, Bitcoin was up by 0.55% to $10,003.0. A mixed start to the day saw Bitcoin fall to an early morning low $9,944.9 before striking a high $10,007.0.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Binance Coin and Tezos bucked the trend, with losses of 0.77% and 1.30% respectively.

It was a bullish start for the rest of the majors.

Ethereum was up by 1.79% to lead the way early on.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,938 pivot to support a run at the first major resistance level at $10,201.

Support from the broader market would be needed, however, for Bitcoin to break back through to $10,100 levels.

Barring another extended crypto rally, the first major resistance level and Sunday’s high $10,190 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $10,453.

Failure to avoid a fall through the $9,938 pivot level would bring the first major support level at $9,686 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of the second major resistance level at $9,423.

The Crypto Daily – Movers and Shakers – July 26th, 2020

Bitcoin, BTC to USD, rose by 1.63% on Saturday. Reversing a 0.58% loss from Friday, Bitcoin ended the day at $9,714.9.

It was bullish day, with Bitcoin rallying from an early morning intraday low $9,555.5 to a late intraday high $9,754.5.

Bitcoin broke through the first major resistance level at $9,645.5 and second major resistance level at $9,731.9 before easing back.

A late pullback saw Bitcoin fall back to sub-$9,700 levels before wrapping up the day at $9,700 levels.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Saturday.

Cardano’s ADA rallied by 17.76% to lead the way.

Bitcoin Cash ABC (+6.00%), Bitcoin Cash SV (+7.59%), Ethereum (+9.30%), and Litecoin (+11.43%) also made strong gains.

Binance Coin (+3.38%), EOS (+4.99%), Monero’s XMR (+2.55%), Ripple’s XRP (+5.23%), Stellar’s Lumen (+4.71%), Tezos (+0.89%), and Tron’s TRX (+3.98%) trailed the front runners.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Saturday high $291.48bn. At the time of writing, the total market cap stood at $287.68bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Saturday low 61.70%. At the time of writing, Bitcoin’s dominance stood at 62.07%.

This Morning

At the time of writing, Bitcoin was down by 0.19% to $9,696.5. A mixed start to the day saw Bitcoin rise to an early morning high $9,722.8 before falling to a low $9,690.4.

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

Elsewhere, it was a mixed start to the day.

At the time of writing, Bitcoin Cash ABC (+0.92%) and Bitcoin Cash SV (+0.33%) bucked the trend early on.

It was a bearish start for the rest of the majors, however.

Stellar’s Lumen was down by 1.35% to lead the way down early on.

https://www.tradingview.com/x/ztgae3yU/

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,675 pivot to support a run at the first major resistance level at $9,794.

Support from the broader market would be needed, however, for Bitcoin to break out from Saturday’s high $9,754.5.

Barring another extended crypto rally, the first major resistance level and Saturday’s high would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,874 and resistance at $10,000. The third major resistance level sits at $10,073.

Failure to avoid a fall through the $9,675 pivot level would bring the first major support level at $9,595 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major resistance level at $9,476.

The Crypto Daily – Movers and Shakers – July 25th, 2020

Bitcoin, BTC to USD, fell by 0.58% on Friday. Reversing a 0.60% gain from Thursday, Bitcoin ended the day at $9,559.1.

It was a bearish start to the day. Bitcoin fell to a mid-morning intraday low $9,469.7 before making a move.

The pullback saw Bitcoin fall through the first major support level at $9,498.20.

Finding support through the afternoon, Bitcoin rallied to a late intraday high $9,644.0 before hitting reverse.

Falling short of the first major resistance level at $9,708.6, Bitcoin fell back to sub-$9,600 levels to end the day in the red.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Binance Coin (+2.24%), Ethereum (+1.46%), and Tron’s TRX (+0.16%) bucked the trend on the day.

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

Tezos slid by 5.00% to lead the way down.

Bitcoin Cash SV (-2.47%), EOS (-1.99%), Ripple’s XRP (-2.07%), and Stellar’s Lumen (-2.98%) also struggled.

Bitcoin Cash ABC (-0.55%), Cardano’s ADA (-1.78%), Litecoin (-1.82%), and Monero’s XMR (-1.74%) saw relatively modest losses.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before hitting a Thursday high $286.03bn. At the time of writing, the total market cap stood at $280.82bn.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Friday low 62.46%. At the time of writing, Bitcoin’s dominance stood at 62.76%.

This Morning

At the time of writing, Bitcoin was up by 0.10% to $9,568.6. A bullish start to the day saw Bitcoin rise from an early morning low $9,559.0 to a high $9,572.5

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash ABC (-0.22%), Bitcoin Cash SV (-0.19%), and Monero’s XMR (-0.04%) saw red to buck the trend early on.

It was a bullish start to the day for the rest of the majors, however.

At the time of writing, Cardano’s ADA was up by 2.22% to lead the way.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the $9,558 pivot to support a run at the first major resistance level at $9,646.

Support from the broader market would be needed, however, for Bitcoin to break back through to $9,600 levels.

Barring an extended crypto rally, the first major resistance level and Friday high $9,644 would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,732 before any pullback.

Failure to avoid a fall through the $9,558 pivot level would bring the first major support level at $9,471 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer clear of the second major resistance level at $9,383.

The Crypto Daily – The Movers and Shakers – July 24th, 2020

Bitcoin, BTC to USD, rose by 0.60% on Thursday. Following on from a 1.65% rally on Wednesday, Bitcoin ended the day at $9,615.0.

It was a bearish first half of the day. Bitcoin fell to an early afternoon intraday low $9,475.0 before making a move.

Steering clear of the first major support level at $9,361, Bitcoin rallied to a late afternoon intraday high $9,685.4.

Bitcoin came within range of the first major resistance level at $9,698.4 before falling back to sub-$9,600 levels.

Finding late support, however, Bitcoin moved back through to $9,600 levels to deliver the upside on the day.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Thursday.

Binance Coin and Ethereum rallied by 3.64% and by 4.31% respectively to lead the way.

Bitcoin Cash SV (+0.02%), Cardano’s ADA (+0.38%), Monero’s XMR (+2.54%), Ripple’s XRP (+2.30%), Stellar’s Lumen (+0.88%), and Tezos (+2.54%) also found support.

Bitcoin Cash ABC (-0.48%), EOS (-0.43%), Litecoin (-0.18%), and Tron’s TRX (-0.48%) bucked the trend on the day.

In the current week, the crypto total market cap fell to a Monday low $262.70bn before rising to a Thursday high $286.03bn. At the time of writing, the total market cap stood at $281.11n.

Bitcoin’s dominance rose to a Tuesday high 64.08% before sliding to a Thursday low 62.47. At the time of writing, Bitcoin’s dominance stood at 62.93%.

This Morning

At the time of writing, Bitcoin was down by 0.24% to $9,592.0. A bearish start to the day saw Bitcoin fall from an early morning high $9,615.5 to a low $9,585.7.

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

Elsewhere, it was another mixed start to the day. At the time of writing, Binance Coin was up by 0.04% to buck the trend.

It was a bearish start for the rest of the majors, with Tezos down by 1.36% to lead the way down.

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the $9,592 pivot to support a run at the first major resistance level at $9,709.

Support from the broader market would be needed, however, for Bitcoin to break out from Thursday’s high $9,685.4.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test the second major resistance level at $9,802.2 before any pullback.

Failure to avoid a fall back through the $9,592 pivot level would bring the first major support level at $9,500 into play.

Barring an extended crypto sell-off, however, Bitcoin should steer well clear of sub-$9,300 levels. The second major resistance level at $9,381.4 should limit any downside.