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

Fibo Quantum

For the day ahead

Stellar’s Lumen would need to move through Wednesday’s high $0.08277 to support a run at the first major resistance level at $0.083720.

Support from the broader market would be needed, however, for Stellar’s Lumen to break through to $0.082 levels.

Barring a broad-based crypto rebound, resistance at $0.083 would likely limit any upside on the day.

Failure to move through Wednesday’s high $0.08277 could see Stellar’s Lumen hit reverse.

A fall back through the morning low $0.080214 to sub-$0.0790 levels would bring the first major support level at $0.074820 into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer clear of sub-$0.079 levels on the day.

Looking at the Technical Indicators

Major Support Level: $0.07482

Major Resistance Level: $0.08372

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 rallied by 5.03% on Wednesday. Following on from a 3.16% gain on Tuesday, Tron’s TRX ended the day at $0.023972.

Tracking the broader market, Tron’s TRX rallied from an early intraday low $0.022825 to an early afternoon intraday high $0.024267.

Steering clear of the major support levels, Tron’s TRX broke through the first major resistance level at $0.02332 and the second major resistance level at $0.02386.

A brief dip to $0.02344 levels saw Tron’s TRX fall back through the second major resistance level before bouncing back to wrap up the day at $0.0239 levels.

At the time of writing, Tron’s TRX was up by 2.24% to $0.024510. A bullish start to the day saw Tron’s TRX rally from an early morning low $0.023886 to a high $0.024510.

Steering clear of the major support levels, Tron’s TRX came up against the first major resistance level at $0.02455 early on.