For the day ahead
Litecoin would need to avoid the 23.6% FIB of $178 and the $177 pivot to bring the first major resistance level at $186 into play.
Support from the broader market would be needed, however, for Litecoin to break back out from Wednesday’s high $182.78.
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 $200 before any pullback. The second major resistance level at sits $192.
A fall through the 23.6% FIB of $178 and the $177 pivot would bring the first major support level at $172 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level sits at $163.
Looking at the Technical Indicators
First Major Support Level: $172
Pivot Level: $177
First Major Resistance Level: $186
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP rose by 4.33% on Wednesday. Following a 7.82% rally on Tuesday, Ripple’s XRP ended the day at $1.2377.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $1.15995 before making a move.
Steering clear of the first major support level at $1.1046, Ripple’s XRP rallied to a late intraday high $1.23600.
In spite of the breakout, however, Ripple’s XRP fell short of the first major resistance level at $1.2556.
At the time of writing, Ripple’s XRP was down by 0.97% to $1.22565. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.23941 before falling to a low $1.22296.
Ripple’s XRP left the major support and resistance levels untested early on.