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For the day ahead
Litecoin would need to avoid a fall through the 23.6% FIB of $262 and the $257 pivot level to support a run at the first major resistance level at $280.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $276.47.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a bounce back, Litecoin could test the second major resistance level at $300.
Failure to avoid a fall through the 23.6% FIB and the $257 pivot would bring the first major support level at $238 into play.
Barring another extended sell-off, Litecoin should steer clear of the 38.2% FIB of $217. The second major support level sits at $215.
Looking at the Technical Indicators
First Major Support Level: $238
Pivot Level: $257
First Major Resistance Level: $280
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138
Ripple’s XRP
Ripple’s XRP rose by 5.76% on Tuesday. Partially reversing a 7.70% slide from Monday, Ripple’s XRP ended the day at $1.38587.
A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $1.17328 before making a move.
The sell-off saw Ripple’s XRP fall through the 38.2% FIB of $1.2807 and the first major support level at $1.1982.
Finding late morning support, Ripple’s XRP rallied to a late intraday high $1.44778 before easing back.
While falling short of the first major resistance level at $1.4775, Ripple’s XRP broke back through the 38.2% FIB of $1.2807.
A bearish end to the day, however, saw Ripple’s XRP fall back to end the day at sub-$1.40 levels.
At the time of writing, Ripple’s XRP was up by 2.03% to $1.41397. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.41435 before falling to a low $1.37993.
Ripple’s XRP left the major support and resistance levels untested early on.
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