For the day ahead
Litecoin would need to avoid a fall through the $74.98 pivot to support a run at the first major resistance level at $78.47.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $77.04.
Barring another extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another extended breakout, Litecoin would likely test resistance at $80 before any pullback. The second major resistance level sits at $80.54.
Failure to avoid a fall through the $74.98 pivot level would bring the first major support level at $72.91 and the 38.2% FIB of 71 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$70. The second major support level sits at $69.42.
Looking at the Technical Indicators
First Major Support Level: $72.91
Pivot Level: $74.98
First Major Resistance Level: $78.47
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP rallied by 5.08% on Tuesday. Following on from a 7.03% breakout on Monday, Ripple’s XRP ended the day at $0.30278.
It was a mixed start to the day. Ripple’s XRP fell to an early morning intraday low $0.28771 before making a move.
Steering clear of the first major support level at $0.2739, Ripple’s XRP rallied to a mid-day intraday high $0.30550.
Ripple’s XRP broke through the first major resistance level at $0.2962 and the second major resistance level at $0.3041.
Bearish going into the afternoon, however, Ripple’s XRP fell back to sub-$0.30 levels before wrapping up the day at $0.0302 levels.
The second major resistance level pinned Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was up by 0.90% to $0.30550. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.30277 to a high $0.30550.
Ripple’s XRP left the major support and resistance levels untested early on.