For the day ahead
Litecoin would need to move through the $82.24 pivot to support a run at the first major resistance level at $84.11.
Support from the broader market would be needed, however, for Litecoin to break back through to $84 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $85.00 would likely cap any upside.
In the event of an extended breakout, Litecoin could test the second major resistance level at $86.86.
Failure to move through the $82.24 pivot level would bring the first major support level at $79.49 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$75 support levels. The second major support level at $77.62 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $79.49
Pivot Level: $82.24
First Major Resistance Level: $84.11
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP slid by 5.85% on Tuesday. Following on from a 3.00% decline on Monday, Ripple’s XRP ended the day at $0.46885.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.50711 before hitting reverse.
Falling short of the first major resistance level at $0.5146, Ripple’s XRP fell to an early afternoon intraday low $0.46605.
The reversal saw Ripple’s XRP fall through the first major support level at $0.4853 and the second major support level at $0.4728.
Finding late support, Ripple’s XRP briefly revisited $0.485 levels before falling back into the deep red.
The pullback saw Ripple’s XRP fall back through the second major support level to end the day at sub-$0.47 levels.
Resistance at the first major support level at $0.4853 had pinned Ripple’s XRP back ahead of the pullback.
At the time of writing, Ripple’s XRP was down by 0.80% to $0.46510. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.46876 before falling to a low $0.46510.
Ripple’s XRP left the major support and resistance levels untested early on.