XRP

Stellar (XLM)

Stellar (XLM) has been in a low volumes environment for the past 24-hours though it has been in a minor downtrend. In the last 24-hours, it has established strong support at $0.106 on the 1-hour 200-day MA. If it holds above it for the next 6 to 12 hours, Stellar could be bullish for the next 24-hours.  This could see it possibly rise to $0.11. This is an area of major resistance on the 3-hour chart, and a possible reversal point for Stellar in the day. If it pushes above it, then Stellar could test $0.121 in the course of the weekend.

On the other hand, if Stellar breaks below $0.106, it could possibly drop to $0.100. This is a key support level for Stellar on the 3-hour chart and a possible exit point in the day. In essence, Stellar is unlikely to make any major movements in the day. It is likely to be range-bound, unless there is a sudden increase in volumes in the next 24-hours.

Tron (TRX)

Tron (TRX) has been in a low volumes environment for the last 24-hours. However, it is showing a higher level of volatility than most cryptos. In the last 24-hours, it has dropped from a high of $0.0242 to a low of $0.0233, which is a key support level on the 200-day MA. This support seems to be holding strong, and Tron (TRX) is now on a slow uptrend. If it sustains above $0.0239 for the next 6 – 12 hours, there is a possibility that it could push higher in the next 24-hours, with a target of $0.0242. This is a key resistance level for Tron (TRX) and a possible exit point from a 24-hour long position.

However, if it fails to hold above $0.0239, it could possibly drop back to $0.0233 on the 200-day MA and trade there all through the weekend. Due to the low volumes at the moment, Tron (TRX) is unlikely to make any major moves in any direction for the next 24-hours.

Litecoin (LTC)

Litecoin (LTC) has been going down for the past 24-hours. In this period, it has dropped from a high of $63.00 to its current price of $61.36 at the time of writing.  If selling volumes remain as they are at this point, chances are that it could drop further, and possibly test $60.84 on the 200-day MA.

However, if there is an increase in buying volumes, there could be a possibility of Litecoin pushing back to $63 in the next 24-hours. This is a major resistance level that is likely to hold due to the low weekend trading volumes. For traders looking into Litecoin (LTC) with a 24-hour target, the dominant expectation should be one of range bound market. Without volumes, the market is unlikely to make any major moves. A breakout could happen on Monday, once major trading returns to the market, and open the doors for major profitability for traders.

Nonetheless, even under current conditions, one can make money by keeping an eye on the key support and resistance points. There are opportunities as the cryptos bounce on and off these price levels.

 

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