For the day ahead
Litecoin would need to avoid the 23.6% FIB of $178 and the $175 pivot to bring the first major resistance level at $182 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $179.66.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of another breakout, Litecoin could test resistance at $190 before any pullback. The second major resistance level sits at $187.
A fall through the 23.6% FIB and the $175 pivot would bring the first major support level at $170 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$165. The second major support level sits at $163.
Looking at the Technical Indicators
First Major Support Level: $170
Pivot Level: $175
First Major Resistance Level: $182
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP rose by 2.54% on Wednesday. Partially reversing a 2.95% loss from Tuesday, Ripple’s XRP ended the day at $1.12682.
A mixed start to the day saw Ripple’s XRP fall to a late morning intraday low $1.07501 before making a move.
Steering clear of the first major support level at $1.0666, Ripple’s XRP rallied to a late intraday high $1.13862.
Coming up against the first major resistance level at $1.1373, however, Ripple’s XRP fell back to end the day at sub-$1.13 levels.
At the time of writing, Ripple’s XRP was up by 0.45% to $1.13186. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.12760 to a high $1.13186.
Ripple’s XRP left the major support and resistance levels untested early on.