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

Fibo Quantum

For the day ahead

Stellar’s Lumen would need to move back through the morning high $0.037675 to support a run at the first major resistance level to $0.03836.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.037942.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to move through the morning high could see Stellar’s Lumen hit reverse

A fall back through the morning low $0.036911 to sub-$0.03660 levels would bring the first major support level at $0.03515 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.034 support levels.

Looking at the Technical Indicators

Major Support Level: $0.03515

Major Resistance Level: $0.03836

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 1.00% on Wednesday. Following on from a 4.43% rally on Tuesday, Tron’s TRX ended the day at $0.010222.

A mixed start to the day saw Tron’s TRX rise to an early morning high $0.010246 before hitting reverse.

Falling short of the major resistance levels, Tron’s TRX slid to an early afternoon intraday low $0.009671.

Finding support at the first major support level at $0.00962, Tron’s TRX struck an early afternoon intraday high $0.010306.

Coming up short of the first major resistance level at $0.010480, Tron’s TRX fell back to sub-$0.010 levels before finding late support.

The late recovery delivered the upside on the day.

At the time of writing, Tron’s TRX was up by 0.26% to $0.010248. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.010371 before falling to a low $0.010132.

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