Litecoin, Stellar’s Lumen, and Tron’s TRX

Fibo Quantum

For the day ahead

Stellar’s Lumen would need to break back through to Monday’s high $0.0610 to support a run at the first major resistance level at $0.06112.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.060651.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.0610 should limit any upside.

Failure to move back through to Monday’s high $0.061 could see Stellar’s Lumen hit reverse.

A fall through to sub-$0.05960 levels would bring the first major support level at $0.05816 into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer well clear of sub-$0.058 levels.

Looking at the Technical Indicators

Major Support Level: $0.05816

Major Resistance Level: $0.06112

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX rose by 1.09% on Monday. Following on from a 4.32% rally on Sunday, Tron’s TRX ended the day at $0.017113.

A mixed start to the day saw Tron’s TRX rise to an early morning high 0.017065.  Coming up against the first major resistance level at $0.01707, Tron’s TRX fell to a late morning intraday low $0.016765.

Steering clear of the first major support level at $0.01633, Tron’s TRX rallied to a mid-afternoon intraday high $0.017340.

Tron’s TRX broke back through the first major resistance level to come up against the second major resistance level at $0.01732.

In spite of easing back late in the day, Tron’s TRX held above the first major resistance level until the day end.

At the time of writing, Tron’s TRX was up by 1.81% to $0.017422. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.017144 to a high $0.017493.

Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.01738.