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

For the day ahead

Stellar’s Lumen would need to move back through to $0.054 levels to support a run at the first major resistance level at $0.05555.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.054682.

Barring an extended crypto rally, resistance at $0.054 would likely limit any upside on the day.

Failure to move back through to $0.054 levels could see Stellar’s Lumen hit reverse.

A fall to sub-$0.05180 levels would bring the first major support level at $0.04878 into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer well clear of sub-$0.0500 levels.

Looking at the Technical Indicators

Major Support Level: $0.04878

Major Resistance Level: $0.05555

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 13.38% on Tuesday. Reversing a 2.18% fall from Monday, Tron’s TRX ended the day at $0.016686.

Bullish through the day, Tron’s TRX rallied from an early morning intraday low $0.014717 to a late intraday high $0.017081.

Steering clear of the major support levels, Tron’s TRX broke through the day’s major resistance levels.

While easing back to sub-$0.017 levels late on, Tron’s TRX held above the third major resistance level at $0.01567.

At the time of writing, Tron’s TRX was down by 1.06% to $0.016509. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.01750 before sliding to a low $0.016401.

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

Crypto Destroyer

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.