For the day ahead
Litecoin would need to avoid a fall through the $210.77 pivot level to support a run at the first major resistance level at $221.35.
Support from the broader market would be needed, however, for Litecoin to break back through to $220 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $221.95 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at the swing hi $230.81 and the second major resistance level at $232.54.
Failure to avoid a fall through the $210.77 pivot level would bring the first major support level at $199.58 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$190 and the second major support level at $189.00.
Looking at the Technical Indicators
First Major Support Level: $199.58
Pivot Level: $210.77
First Major Resistance Level: $221.35
23.6% FIB Retracement Level: $182
38.2% FIB Retracement Level: $152
62% FIB Retracement Level: $104
Ripple’s XRP
Ripple’s XRP fell by 5.35% on Tuesday. Following on from a 7.42% slide on Monday, Ripple’s XRP ended the day at $0.51985.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.58012 before hitting reverse.
Falling short of the first major resistance level at $0.5987, Ripple’s XRP tumbled to a late intraday low $0.48201.
Ripple’s XRP fell through the first major support level at $0.5054 to visit sub-$0.50 levels for the first time since Thursday.
The sell-off also saw Ripple’s XRP fall through the 23.6% FIB of $0.5320.
Finding late support, however, Ripple’s XRP broke back through the first major support level to end the day at $0.519 levels.
At the time of writing, Ripple’s XRP was up by 1.38% to $0.52700. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.52017 to a high $0.52700.
Ripple’s XRP left the major support and resistance levels untested early on.