Litecoin Litecoin, Stellar's Lumen, and Tron's TRX - Daily Analysis...

Litecoin, Stellar's Lumen, and Tron's TRX – Daily Analysis – July 30th, 2020 – FX Empire

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For the day ahead

Stellar’s Lumen would need to move through the $0.09655 pivot to support a run at the first major resistance level at $0.09824.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.098 levels.

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

Failure to move through the $0.09655 pivot would bring the first major support level at $0.09351 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.09182.

Looking at the Technical Indicators

First Major Support Level: $0.09351

First Major Resistance Level: $0.09824

23.6% FIB Retracement Level: $0.09960

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Tron’s TRX

Tron’s TRX slipped by 0.12% on Wednesday. Following a 2.26% gain on Tuesday, Tron’s TRX ended the day at $0.019224.

A bearish start saw Tron’s TRX fall to an early morning intraday low $0.018989 before making a move.

Steering clear of the first major support level at $0.01844, Tron’s TRX rallied to an early morning intraday high $0.019990.

Tron’s TRX broke through the first major resistance level at $0.01971 before falling back to $0.01910 levels.

Finding late support, however, Tron’s TRX revisited $0.0195 levels before sliding to $0.0192 levels and into the red.

At the time of writing, Tron’s TRX was down by 0.50% to $0.019128. A bearish start to the day saw Tron’s TRX fall to an early morning low $0.018829 before rising to a high $0.019169.

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

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