For the day ahead
Litecoin would need to move back through the $179 pivot level to support a run at the first major resistance level at $186.
Support from the broader market would be needed, however, for Litecoin to break back through to $180 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $185.48 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at the 23.6% FIB of $195. The second major resistance level sits at $193.
Failure to move back through the $179 pivot level would bring the first major support level at $172 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$160 levels. The second major support level at $164 and the 38.2% FIB of $163 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $172
Pivot Level: $179
First Major Resistance Level: $186
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP
Ripple’s XRP fell by 2.24% on Tuesday. Partially reversing a 7.04% rally from Monday, Ripple’s XRP ended the day at $0.43624.
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.45574 before hitting reverse.
Falling short of the first major resistance level at $0.4624, Ripple’s XRP slid to a late afternoon intraday low $0.42228.
Steering clear of the first major support level at $0.4213, Ripple’s XRP moved back through to $0.436 levels to reduce the deficit.
At the time of writing, Ripple’s XRP was down by 0.80% to $0.43277. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.43638 to a low $0.43277.
Ripple’s XRP left the major support and resistance levels untested early on.