For the day ahead
Litecoin would need to avoid the $129 pivot to bring the first major resistance level at $134 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $132.09.
Barring an extended crypto rally, the first major resistance level and resistance at $135 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $140. The second major resistance level sits at $137.
A fall through the $129 pivot would bring the first major support level at $126 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level at $121 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $126
Pivot Level: $129
First Major Resistance Level: $134
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP rose by 0.21% on Wednesday. Following a 1.76% fall from Tuesday, Ripple’s XRP ended the day at $0.62000.
A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $0.58370 before making a move.
Ripple’s XRP fell through the first major support level at $0.6030 and the second major support level at $0.5881.
Steering clear of sub-$0.58 levels, Ripple’s XRP rallied to a late afternoon intraday high $0.62407.
Falling well short of the first major resistance level at $0.6381, however, Ripple’s XRP eased back to end the day at $0.62000.
At the time of writing, Ripple’s XRP was down by 0.60% to $0.61625. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.62186 before falling to a low $0.61625.
Ripple’s XRP left the major support and resistance levels untested early on.