For the day ahead
Litecoin would need to avoid a fall through the $126 pivot to bring the first major resistance level at $137 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $133.76.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $150. The second major resistance level sits at $144.
A fall through the $126 pivot would bring the first major support level at $119 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$110 levels. The second major support level sits at $108.
A sustained fall through the 62% FIB of $174 led to a near-term bearish trend formation from 10th May’s swing hi $413.91.
Looking at the Technical Indicators
First Major Support Level: $119
Pivot Level: $126
First Major Resistance Level: $137
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP jumped by 16.72% on Wednesday. Reversing a 10.79% slide from Tuesday, Ripple’s XRP ended the day at $0.6060.
A mixed start to the day saw Ripple’s XRP slide to an early morning intraday low $0.51500 before making a move.
Steering clear of the first major support level at $0.4875, Ripple’s XRP rallied to an early afternoon intraday high $0.66522.
Ripple’s XRP broke through the first major resistance level at $0.6274 before a fall back to $0.60092.
Avoiding sub-$0.60 levels, Ripple’s XRP broke back through the first major resistance level to end the day at $0.637 levels.
At the time of writing, Ripple’s XRP was up by 2.84% to $0.65585. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.64032 to a high $0.65705.
Ripple’s XRP left the major support and resistance levels untested early on.