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Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – June 22nd, 2020 – FX Empire

For the day ahead

Stellar’s Lumen would need to move through the $0.06920 pivot to support a run at the first major resistance level at $0.06971.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.06950 levels.

Barring a broad-based crypto rally, the first major resistance level and Sunday’s high $0.070271 would likely limit any upside.

Failure to move through the $0.06920 pivot could see Stellar’s Lumen struggle throughout the day.

A fall through the morning low $0.069048 would the first major support level at $0.06804 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer clear of sub-$0.067 levels. The second major support level at $0.06749 should limit any downside.

Looking at the Technical Indicators

Major Support Level: $0.06804

Major Resistance Level: $0.06971

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 0.76% on Sunday. Partially reversing a 1.19% gain from Saturday, Tron’s TRX ended the week down by 1.55% to $0.015831.

A bullish start to the day saw Tron’s rise to an early morning intraday $0.016033 before hitting reverse.

Coming up short of the first major resistance level at $0.01616, Tron’s TRX slid to a late intraday low $0.015825.

Steering clear of the first major support level at $0.01578, Tron’s TRX recovered to $0.01583 levels to limit the loss on the day.

At the time of writing, Tron’s TRX was up by 0.21% to $0.015864. A bullish start to the day saw Tron’s TRX rise from an end of Sunday $0.015831 to an early morning high $0.015864.

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