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For the day ahead
Litecoin would need to avoid the $256 pivot level to support a run at the first major resistance level at $268.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $264.00.
Barring an extended crypto rally, the first major resistance level and resistance at $270 would likely cap any upside.
In the event of a bounce back, Litecoin could test resistance at $285. The second major resistance level sits at $276.
Failure to avoid a fall through the $256 pivot level would bring the first majors support level at $248 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$240 levels. The second major support level sits at $236.
Looking at the Technical Indicators
First Major Support Level: $248
Pivot Level: $256
First Major Resistance Level: $268
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 2.94% on Tuesday. Following Monday’s 31.66% breakout, Ripple’s XRP ended the day at $1.40322.
After a mixed start to the day, Ripple’s XRP rise to an early morning intraday high $1.46435 before hitting reverse.
Falling short of the first major resistance level at $1.4861, Ripple’s XRP fell to an early afternoon intraday low $1.33055.
Steering clear of the 38.2% FIB and the major support levels, Ripple’s XRP revisited $1.43 levels before easing back.
At the time of writing, Ripple’s XRP was up by 0.87% to $1.41544. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.40356 to a high $1.41764.
Ripple’s XRP left the major support and resistance levels untested early on.
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