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

Fibo Quantum

For the day ahead

Stellar’s Lumen would need to move through to $0.06150 levels to support a run at the first major resistance level at $0.06472.

Support from the broader market would be needed for Stellar’s Lumen to break out from the morning high to $0.061 levels

Barring a broad-based crypto rebound, however, Stellar’s Lumen would likely come up short of the morning high $0.060162.

Failure to move back through to $0.06150 levels could see Stellar’s Lumen struggle throughout the day.

A fall back through Sunday’s low $0.05826 would bring the first major support level at $0.05687 into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer well clear of sub-$0.0580 levels.

Looking at the Technical Indicators

Major Support Level: $0.05687

Major Resistance Level: $0.06472

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 slid by 5.93% on Sunday. Reversing a 1.06% gain from Saturday, Tron’s TRX ended the week up by 10.64% to $0.016613.

A bullish start to the day saw Tron’s TRX rise to an early morning intraday high $0.018081 before hitting reverse.

Falling short of the first major resistance level at $0.01820, Tron’s TRX fell to a mid-day intraday low $0.015964.

Tron’s TRX fell through the first major support level at $0.01723 and the second major support level at $0.01674.

Through the 2nd half of the day, Tron’s TRX moved back through to $0.0166 levels to cut the deficit on the day. In spite of the partial recovery, Tron’s TRX failed to break back through the support levels.

At the time of writing, Tron’s TRX was down by 0.23% to $0.016574. A mixed start to the day saw Tron’s TRX move to an early morning high $0.016704 before falling to a low $0.016514.

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