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

Fibo Quantum

For the day ahead

Stellar’s Lumen would need to move back through to $0.04070 levels to support a run at the first major resistance level at $0.04150.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Monday’s high $0.041331.

Barring a broad-based crypto rebound, resistance at $0.041 would likely leave Stellar’s Lumen short of the first major resistance level.

Failure to move back through to $0.04070 levels could see Stellar’s Lumen struggle throughout the day.

A fall back through to sub-$0.040 levels would bring the second major support level at $0.03940 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.039 support levels.

Looking at the Technical Indicators

Major Support Level: $0.04016

Major Resistance Level: $0.04150

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 1.08% on Tuesday. Following on from a 7.55% rally on Monday, Tron’s TRX ended the day at $0.011643.

A mixed start to the day saw Tron’s TRX rise to an early morning high $0.011669 before hitting reverse.

Falling short of the first major resistance level at $0.01202, Tron’s TRX fell to a mid-morning intraday low $0.011414.

Steering clear of the first major support level at $0.01083, Tron’s TRX rallied to a late intraday high $0.011738.

Tron’s TRX fell short of the first major resistance level at $0.01202 before easing back to sub-0.0117 levels.

At the time of writing, Tron’s TRX was down by 0.76% to $0.011554. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.011490 before striking a high $0.011602.

Steering clear of the major resistance levels, Tron’s TRX tested the first major support level at $0.01148 early on.