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 $0.040735 to support a run at the first major resistance level to $0.041050.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Wednesday’s high $0.040952.

Barring a broad-based crypto rally, the first major resistance level at $0.04105 would likely limit any upside.

Failure to move through the morning high $0.040735 could see Stellar’s Lumen fall back into the red.

A fall back through the morning low to sub-$0.04020 levels would bring the first 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: $0.03940

Major Resistance Level: $0.04105

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 slipped by 0.39% on Wednesday. Partially reversing a 0.86% gain from Tuesday, Tron’s TRX ended the day at $0.011387.

A mixed start saw Tron’s TRX rise to a late morning intraday high $0.011479 before hitting reverse.

Falling short of the first major resistance level at $0.01180, Tron’s TRX fell to a late morning intraday low $0.011043.

Tron’s TRX fell through the first major support level at $0.01124 before recovering to $0.0113 levels.

Late in the day, Tron’s TRX fell back to $0.0111 levels before wrapping up the day at $0.0113 levels

At the time of writing, Tron’s TRX was up by 0.91% to $0.011491. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.011550 before falling to a low $0.011387.

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

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