For the day ahead
Litecoin would need to move through the $272 pivot to bring the first major resistance level at $291 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $280 levels.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of another breakout, Litecoin could retest resistance at $300 before easing back. The second major resistance level sits at $321.
Failure to move through the $272 pivot would bring the first major support level at $241 into play.
Barring another extended sell-off, Litecoin should steer clear of the 38.2% FIB of $223. The second major support level sits at $222.
Looking at the Technical Indicators
First Major Support Level: $241
Pivot Level: $272
First Major Resistance Level: $291
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP slid by 5.07% on Wednesday. Following a 2.25% loss on Tuesday, Ripple’s XRP ended the day at $1.9282.
After a mixed morning, Ripple’s XRP rallied to a late afternoon intraday high $1.34813 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $1.2877 and the second major resistance level at $1.3190.
Coming up against resistance at $1.35, however, Ripple’s XRP slid to a late intraday low $1.12102.
The extended sell-off saw Ripple’s XRP slide through the day’s major support levels.
A late partial recovery, however, saw Ripple’s XRP move back through the third major support level at $1.1322 to end the day at $1.19 levels.
The second major resistance level at $1.1945 pegged Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was down by 0.94% to $1.18155. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.18900 to a low $1.18155.
Ripple’s XRP left the major support and resistance levels untested early on.