TRX News

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – August 4th, 2020 – FX Empire

For the day ahead

Stellar’s Lumen would need to avoid a fall through the $0.10545 pivot to support a run at the first major resistance level at $0.10891.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.1080 levels.

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

Failure to avoid a fall through the $0.10545 pivot would bring the first major support level at $0.10176 into play.

Barring another extended crypto sell-off, however, Stellar’s Lumen should steer of sub-$0.10 levels and the second major support level at $0.09830.

Looking at the Technical Indicators

First Major Support Level: $0.10176

First Major Resistance Level: $0.10891

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 rallied by 4.72% on Monday. Partially reversing a 7.24% slide from Sunday, Tron’s TRX ended the day at $0.019895.

Tracking the broader market, Tron’s TRX dipped to an early morning intraday low $0.018847 before making a move.

Steering clear of the first major support level at $0.01746, Tron’s TRX rallied to a late afternoon intraday high $0.020083.

Falling short of the first major resistance level at $0.02090, Tron’s TRX fell back to sub-$0.020 levels before finding support.

Late in the day, Tron’s TRX recovered to $0.01989 levels to deliver the upside on the day.

At the time of writing, Tron’s TRX was up by 1.53% to $0.02020. A bullish start to the day saw Tron’s TRX rise from an early morning low $0.019914 to a high $0.02020.

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