For the day ahead
Litecoin would need to avoid a fall back through the $156.34 pivot level to support a run at the first major resistance level at $166.05.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $163.36.
Barring an extended crypto rally, the first major resistance level and resistance at $170 would likely cap any upside.
In the event of another extended breakout, Litecoin could test resistance at $180 before any pullback. The second major resistance level sits at $173.08.
Failure to avoid a fall back through the $156.34 pivot level would bring the first major support level at $149.31 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$140 levels and the second major support level at $139.60.
Looking at the Technical Indicators
First Major Support Level: $149.31
Pivot Level: $156.34
First Major Resistance Level: $166.05
23.6% FIB Retracement Level: $139
38.2% FIB Retracement Level: $117
62% FIB Retracement Level: $82
Ripple’s XRP
Ripple’s XRP slid by 4.09% on Tuesday. Reversing a 4.54% gain from Monday, Ripple’s XRP ended the day at $0.22635.
Recovering from a mid-morning low $0.22551, Ripple’s XRP rallied to a late morning intraday high $0.24298 before hitting reverse.
Falling short of the first major resistance level at $0.2646. Ripple’s XRP slid to an early afternoon intraday low $0.21800.
Steering clear of the first major support level at $0.2109, Ripple’s XRP revisited $0.23 levels before falling back to $0.226 levels.
At the time of writing, Ripple’s XRP was down by 1.39% to $0.22321. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.22662 before falling to a low $0.22200.
Ripple’s XRP left the major support and resistance levels untested early on.
