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

For the day ahead

Stellar’s Lumen would need to move through to $0.0730 levels to bring the second major resistance level at $0.07456 into play.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.073217.

Barring an extended crypto rally, the first major resistance level at $0.07219 and resistance at $0.073 would likely limit any upside on the day.

Failure to move through to $0.0730 levels could see Stellar’s Lumen hit reverse.

A fall through to sub-$0.07085 levels would bring the first major support level at $0.06848 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06713.

Looking at the Technical Indicators

Major Support Level: $0.06848

Major Resistance Level: $0.07219

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 2.21% on Wednesday. Following on from a 2.56 slide on Tuesday, Tron’s TRX ended the day at $0.015529.

A bearish start to the day saw Tron’s TRX slide to an early morning low $0.015603 before making a move.

Steering clear of the major support levels, Tron’s TRX rallied to a late morning intraday high $0.016298.

Falling short of the first major resistance level at $0.01647, Tron’s TRX slid to a final hour intraday low $0.015529.

The first major support level at $0.015520 limited the downside at the day end.

At the time of writing, Tron’s TRX was up by 2.13% to $0.015860. A mixed start to the day saw Tron’s TRX fall to an early morning low $0.01540 before striking a high $0.015878.

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