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For the day ahead
Litecoin would need to move through the $139 pivot to bring the first major resistance level at $143 into play.
Support from the broader market would be needed, however, for Litecoin to back through to $140 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $143.26 would likely cap any upside.
In the event of another extended breakout, Litecoin could test the second major resistance level at $147.
Failure to move through the $139 pivot would bring the first major support level at $135 into play.
Barring another extended sell-off, however, Litecoin should continue to steer clear of sub-$130 levels. The second major support level at $132 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $135
Pivot Level: $139
First Major Resistance Level: $143
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP fell by 3.41% on Tuesday. Reversing a 2.16% gain from Monday, Ripple’s XRP ended the day at $0.71242.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.74530 before hitting reverse.
Falling short of the first major resistance level at $0.7701, Ripple’s XRP slid to a late afternoon intraday low $0.70118.
Ripple’s XRP fell through the first major support level at $0.7122 before briefly revisiting $0.714 levels.
At the time of writing, Ripple’s XRP was down by 0.17% to $0.71364. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.71531 to a low $0.71223.
Ripple’s XRP left the major support and resistance levels untested early on.
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