TRX News

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – September 15th, 2020 – FX Empire

For the day ahead

Stellar’s Lumen would need to move through the $0.08031 pivot to support a run at the first major resistance level at $0.08188.

Support from the broader market would be needed, however, for Stellar’s Lumen to break back through to $0.081 levels.

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

Failure to move through the $0.08031 pivot would bring the first major support level at $0.07861 into play.

Barring an extended crypto sell-off, however, Stellar’s Lumen should steer well clear of the second major support level at $0.07704.

Looking at the Technical Indicators

First Major Support Level: $0.07861

First Major Resistance Level: $0.08188

23.6% FIB Retracement Level: $0.09280

38% FIB Retracement Level: $0.1333

62% FIB Retracement Level: $0.1989

Tron’s TRX

Tron’s TRX fell by 0.58% on Monday. Following on from a 6.13% slide on Sunday, Tron’s TRX ended the day at $0.030424.

It was another mixed start to the day. Tron’s TRX fell to an early morning intraday low $0.03008 before making a move.

Steering clear of the first major support level at $0.02905, Tron’s TRX rose to an early afternoon intraday high $0.03159.

Falling short of the first major resistance level at $0.03265, Tron’s TRX slid back to $0.030 levels and into the red.

In spite of the late pullback, Tron’s TRX avoided a fall through the 23.6% FIB of $0.0291, however.

At the time of writing, Tron’s TRX was down by 1.09% to $0.03009. A mixed start to the day saw Tron’s TRX rise to an early morning high $0.030497 before falling to a low $0.029932.

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