Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis 16/03/20 – FX Empire

For the day ahead

Stellars Lumen would need to move back through to $0.03850 levels to support a run at the first major resistance level to $0.04015.

Support from the broader market would be needed, however, for Stellars Lumen to break back through the first major support level at $0.03640.

Barring a broad-based crypto rebound, resistance at $0.038 would likely leave Stellars Lumen short the first major resistance level.

Failure to move through to $0.03850 levels could see Stellars Lumen fall deeper into the red.

A fall back through the second major support level at $0.03475 would bring the third major support level at $0.031 into play.

Barring an extended crypto sell-off, however, Stellars Lumen should steer clear of sub-$0.030 support levels.

Major Support Level: $0.03640

Major Resistance Level: $0.04015

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.1433

62% FIB Retracement Level: $0.2050

Trons TRX rallied by 5.61% on Sunday. Reversing a 4.25% slide from Saturday, Trons TRX ended the week down 29.95% at $0.010297.

A mixed start to the day saw Trons TRX rise from an early morning intraday low $0.0097 to a mid-day high $0.010537.

Steering clear of the major support levels, Trons TRX broke through the first major resistance level at $0.01034.

In the early afternoon, Trons TRX rallied from a low $0.010004 to a late intraday high $0.011173.

Trons TRX broke through the first major resistance level at $0.01034 and the second major resistance level at $0.01087.

A late pullback, however, saw Trons TRX fall back through the major resistance levels to wrap up the week at $0.1020 levels.

At the time of writing, Trons TRX was down by 6.80% to $0.009596. A bearish start to the day saw Trons TRX fall from an early morning high $0.010361 to a low $0.009347.

Steering clear of the major resistance levels, Trons TRX fell through the first major support level at $0.00961 early on.

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Litecoin, Stellar's Lumen, and Tron's TRX - Daily Analysis 16/03/20 - FX Empire

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