For the day ahead
Litecoin would need to move through the $176 pivot to bring the first major resistance level at $180 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $180 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $181.26 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $190. The second major resistance level sits at $185.
Failure to move through the $176 pivot would bring the 62% FIB of $174 and the first major support level at $171 back into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level sits at $167.
A sustained fall through the 62% FIB of $174 would form a near-term bearish trend from 10th May’s swing hi $413.91.
Looking at the Technical Indicators
First Major Support Level: $171
Pivot Level: $176
First Major Resistance Level: $180
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP fell by 2.70% on Tuesday. Reversing a 0.55% gain from Monday, Ripple’s XRP ended the day at $0.86683.
A choppy start to the day saw Ripple’s XRP rise to an early morning intraday high $0.90166 before hitting reverse.
Falling short of the first major resistance level at $0.9252, Ripple’s XRP slid to an early afternoon intraday low $0.85640.
Ripple’s XRP fell through the first major support level at $0.8598 and the 62% FIB of $0.8573.
Finding late support, however, Ripple’s XRP broke back through the 62% FIB and the first major support level to end the day at $0.86 levels.
At the time of writing, Ripple’s XRP was down by 0.43% to $0.86314. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.86607 to a low $0.86186.
Ripple’s XRP left the major support and resistance levels untested early on.