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For the day ahead
Litecoin would need to avoid a fall through the $185.36 pivot level to support a run at the first major resistance level at $190.
Support from the broader market would be needed, however, for Litecoin to break back through to $190 levels.
Barring an extended crypto rally, Tuesday’s high $189.51 and the first major resistance level would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at the 23.6% FIB of $195 before any pullback. The second major resistance level sits at $194.
Failure to avoid a fall through the $185 pivot level would bring the first major support level at $181 into play.
Barring another extended sell-off, Litecoin should steer clear of the second major support level at $177.
Looking at the Technical Indicators
First Major Support Level: $181
Pivot Level: $185
First Major Resistance Level: $190
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP
Ripple’s XRP rose by 0.52% on Tuesday. Following on from a 5.26% rally on Monday, Ripple’s XRP ended the day at $0.54963.
A bullish start saw Ripple’s XRP rally to an early morning intraday high $0.59595 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $0.5880 before falling to a late intraday low $0.53830.
In spite of the sell-off, Ripple’s XRP steered clear of the 23.6% FIB of $0.5320 and the first major support level at $0.5017.
Finding late support, Ripple’s XRP moved back through to $0.55 levels before easing back.
At the time of writing, Ripple’s XRP was up by 0.45% to $0.55210. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.54684 before rising to a high $0.55210.
Ripple’s XRP left the major support and resistance levels untested early on.
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