Home Litecoin Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 1st, 2020 – FX Empire

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – July 1st, 2020 – FX Empire

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For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.06635 pivot to support a run at the first major resistance level at $0.06816.

Support from the broader market would be needed, however, for Stellar’s Lumen to break out from Tuesday’s high $0.067468.

Barring another broad-based crypto rally, the first major resistance level and Tuesday’s high would likely limit any upside.

A fall through the $0.06635 pivot could see Stellar’s Lumen struggle throughout the day.

A pullback through to sub-$0.066 levels would bring the first major support level at $0.06518 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of the second major support level at $0.06334.

Looking at the Technical Indicators

Major Support Level: $0.06518

Major Resistance Level: $0.06816

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 rose by 1.17% on Tuesday. Following on from a 2.52% rally on Monday, Tron’s TRX ended June up by 3.82% to $0.016409. In the 2nd quarter, Tron’s TRX rallied by 41.46%.

A mixed start to the day saw Tron’s TRX fall to an early morning intraday low $0.016205 before making a move.

Steering clear of the first major support level at $0.01586, Tron’s TRX rallied to a late afternoon intraday high $0.016628.

Tron’s TRX broke through the first major resistance level at $0.01645 before easing back to sub-$0.01640 levels.

Finding late support, Tron’s TRX briefly broke back through the first major resistance level before wrapping up the month at $0.016409.

At the time of writing, Tron’s TRX was down by 0.45% to $0.016335. A bearish start to the day saw Tron’s TRX fall from an end of Tuesday 0.016409 to a low $0.016241.

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

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