Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis July 28th, 2020 – FX Empire

For the day ahead

Stellars Lumen would need to avoid a fall back through the $0.09449 pivot to support a run at the first major resistance level at $0.10061.

Support from the broader market would be needed, however, for Stellars Lumen to break out from Mondays high $0.10044.

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

A fall through the $0.09449 pivot would bring the first major support level at $0.08854 into play.

Barring another extended crypto sell-off, however, Stellars Lumen should steer well clear of the second major support level at $0.08242.

First Major Support Level: $0.08854

First Major Resistance Level: $0.10061

23.6% FIB Retracement Level: $0.1051

38% FIB Retracement Level: $0.14336518

62% FIB Retracement Level: $0.2050

Trons TRX rose by 0.94% on Monday. Reversing a 0.99% fall from Sunday, Trons TRX ended the day at $0.01876.

It was a mixed start to the day. Trons TRX rose to an early morning high $0.018978 before hitting reverse.

Falling short of the first major resistance level at $0.01921, Trons TRX slid to a mid-afternoon intraday low $0.017685.

Trons TRX fell through the first major support level at $0.01815 and the second major support level at $0.01772.

Finding late support, Trons TRX broke back through the support levels to strike a late intraday high $0.019177.

Trons TRX came within range of the first major resistance level at $0.01921 before tumbling back to $0.01820 levels.

Finding support at the first major support level at $0.01815, Trons TRX recovered to end the day in the green.

At the time of writing, Trons TRX was up by 0.56% to $0.018868. A bullish start to the day saw Trons TRX rise from an early morning low $0.018755 to a high $0.019031.

Trons TRX left the major support and resistance levels untested early on.

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Litecoin, Stellar's Lumen, and Tron's TRX - Daily Analysis July 28th, 2020 - FX Empire

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