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

For the day ahead

Stellar’s Lumen would need to move back through to $0.04540 levels to support a run at the first major resistance level at $0.04580.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from the morning high $0.045418.

Barring a broad-based crypto rally, the first major resistance level would likely leave Stellar’s Lumen short of $0.046 levels for a 3rd consecutive day.

Failure to move back through to $0.04540 levels could see Stellar’s Lumen struggle throughout the day.

A fall through to sub-$0.04520 levels would bring the first major support level at $0.04498 into play.

Barring a crypto meltdown, however, Stellar’s Lumen should steer clear the second major support level at $0.04453.

Looking at the Technical Indicators

Major Support Level: $0.04498

Major Resistance Level: $0.04580

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 0.60% on Wednesday. Reversing a 0.46% gain from Tuesday, Tron’s TRX ended the day at $0.013295.

A mixed start to the day saw Tron’s TRX strike an early morning intraday high $0.013410 before hitting reverse.

Falling short of the first major resistance level at $0.01351, Tron’s TRX slid back to sub-$0.01330 levels.

Finding support in the early afternoon, Tron’s TRX recovered to $0.01340 levels before sliding to a late intraday low $0.013220.

In spite of the pullback, Tron’s TRX held above the first major support level at $0.01315 through to the day end.

At the time of writing, Tron’s TRX was down by 0.50% to $0.013229. A bearish start to the day saw Tron’s TRX fall from an early morning high $0.013257 to a low $0.013205.

Steering clear of the major resistance levels, Tron’s TRX fell through the first major support level at $0.013230 early on.