For the day ahead
Litecoin would need to move through 23.6% FIB and the $187 pivot to bring the first major resistance level at $213 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $200 levels.
Barring an extended crypto rally, resistance at $200 would likely leave Litecoin short of the first major resistance level.
In the event of broad-based crypto rebound, Litecoin could test the 38.2% FIB of $223. The second major resistance level sits at $248.
Failure to move through 23.6% FIB of $178 and the $187 pivot would bring the first major support level at $152 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$160 levels. The second major support level sits at $126.
Looking at the Technical Indicators
First Major Support Level: $152
Pivot Level: $187
First Major Resistance Level: $213
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP tumbled by 19.26% on Tuesday. Reversing a 6.18% gain from Monday, Ripple’s XRP ended the day at $1.12345.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.39243 before hitting reverse.
Falling short of the 62% FIB of $1.4096 and the first major resistance level at $1.4356, Ripple’s XRP slumped to a mid-afternoon intraday low $0.91000.
The sell-off saw Ripple’s XRP fall through the day’s major support levels.
Ripple’s XRP also fell through the 38.2% FIB of $1.0659 before ending the day at $1.12 levels.
At the time of writing, Ripple’s XRP was down by 0.50% to $1.11784. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.13203 before falling to a low $1.10093.
Ripple’s XRP left the major support and resistance levels untested early on.