For the day ahead
Litecoin would need to avoid the $179 pivot to bring the first major resistance level at $189 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $185 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $189.00 would likely cap the upside.
In the event of broad-based crypto rally, Litecoin could the second major resistance level at $199.
A fall through the $179 pivot and the 23.6% FIB of $178 would bring the first major support level at $170 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level sits at $160.
Looking at the Technical Indicators
First Major Support Level: $170
Pivot Level: $179
First Major Resistance Level: $189
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP fell by 2.62% on Wednesday. Following a 19.26% slump on Tuesday, Ripple’s XRP ended the day at $1.09997.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.14731 before hitting reverse.
Falling short of the first major resistance level at $1.3739, Ripple’s XRP fell to a late morning intraday low $1.01291.
While steering clear of the first major support level at $0.8915, Ripple’s XRP fell through the 38.2% FIB of $1.0659.
Finding late morning support, however, Ripple’s XRP broke back through the 38.2% FIB to end the day at $1.09 levels.
At the time of writing, Ripple’s XRP was up by 0.93% to $1.11021. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.09806 before rising to a high $1.11838.
Ripple’s XRP left the major support and resistance levels untested early on.