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

Fibo Quantum

For the day ahead

Stellar’s Lumen would need to move through the first major support level to $0.06590 levels to support a run at the first major resistance level at $0.06813.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.064759.

Barring a broad-based crypto rebound, resistance at $0.065 would likely leave Stellar’s Lumen short of the first major resistance level.

Failure to move through to $0.06590 levels could see Stellar’s Lumen struggle in the day.

A fall through the second major support level at $0.06024 would bring sub-$0.060 levels into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the third major support level at $0.05460.

Looking at the Technical Indicators

Major Support Level: $0.06249

Major Resistance Level: $0.06813

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 4.65% on Tuesday. Following on from a 6.94% slide on Monday, Tron’s TRX ended the day at $0.018995.

A mixed start to the day saw Tron’s TRX fall to a mid-morning low $0.019284 before striking a mid-day intraday high $0.019958.

Falling short of the first major resistance level at $0.02112, Tron’s TRX slid to a late afternoon intraday low $0.01870.

The reversal saw Tron’s TRX fall through the first major support level at $0.01892 before late support kicked in.

At the time of writing, Tron’s TRX was down by 7.85% to $0.017504. A bearish start to the day saw Tron’s TRX slide from an early morning high $0.019145 to a low $0.016290.

Tron’s TRX fell through the day’s major support levels before a move back through the third major support level at $0.01670.