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

Fibo Quantum

For the day ahead

Stellar’s Lumen would need to move back through to $0.04800 levels to support a run at the first major resistance level at $0.04882.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.047936.

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

Failure to move back through to $0.04800 levels could see Stellar’s Lumen struggle throughout the day.

A fall through the morning low $0.0473130 would bring the first major support level at $0.046360 into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer well clear of sub-$0.04600 levels.

Looking at the Technical Indicators

Major Support Level: $0.04636

Major Resistance Level: $0.04882

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 fell by 2.84% on Wednesday. Following on from a 3% slide from Tuesday, Tron’s TRX ended the day at $0.013991.

A relatively bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.014595.

Falling short of the first major resistance level at $0.01466, Tron’s TRX slid to a late afternoon intraday low $0.013779.

The sell-off saw Tron’s TRX fall through the first major support level at $0.01399 before finding support.

A recovery to $0.014 levels was brief, however, with Tron’s TRX wrapping up the day at sub-$0.014 levels.

The first major support level at $0.01399 limited the downside on the day.

At the time of writing, Tron’s TRX was up by 0.34% to $0.014038. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.013995 to a high $0.014038.

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