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

Fibo Quantum

For the day ahead

Stellar’s Lumen would need to move back through to $0.05425 levels to support a run at the first major resistance level at $0.05679.

Support from the broader market would be needed for Stellar’s Lumen to break out from the morning high $0.054880.

Barring a broad-based crypto rebound, however, Stellar’s Lumen would likely come up short of the morning high $0.054880

Failure to move back through to $0.05425 levels would see Stellar’s Lumen struggle throughout the day.

A fall back through the first major support level would bring sub-$0.052 levels into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer well clear of sub-$0.0500 levels.

Looking at the Technical Indicators

Major Support Level: $0.05222

Major Resistance Level: $0.05679

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 3.70% on Wednesday. Following on from a 13.38% rally on Tuesday, Tron’s TRX ended the day at $0.017241.

A choppy start to the day saw Tron’s TRX fall to a mid-morning intraday low $0.016035.

Steering clear of the first major support level at $0.01524, Tron’s TRX hit a late morning intraday high $0.018079.

Tron’s TRX broke through the first major resistance level at $0.01761 before sliding back to sub-$0.017 levels.

Finding late support, Tron’s TRX broke back through to $0.017 levels to deliver the upside on the day.

At the time of writing, Tron’s TRX was down by 5.95% to $0.016215. A bearish start to the day saw Tron’s TRX slide from an early morning high $0.017366 to a low $0.016100.

Steering clear of the major resistance levels, Tron’s TRX slid through the first major support level at $0.016160.