For the day ahead
Litecoin would need to move back through the $143 pivot to bring the first major resistance level at $149 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $146.94.
Barring an extended crypto rally, the first major resistance level and resistance at $150 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $160. The second major resistance level sits at $153.
Failure to move back through the $143 pivot would bring the first major support level at $138 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$130 levels. The second major support level at $132 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $138
Pivot Level: $143
First Major Resistance Level: $149
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP fell by 0.60% on Wednesday. Partially reversing a 9.51% rally from Tuesday, Ripple’s XRP ended the day at $0.70304.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.71322 before hitting reverse.
Falling short of the first major resistance level at $0.7443, Ripple’s XRP slid to a late afternoon intraday low $0.64855.
Ripple’s XRP fell through the first major support level at $0.6546 before a partial recovery to $0.70 levels.
At the time of writing, Ripple’s XRP was down by 1.48% to $0.69262. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.70433 to a low $0.69236.
Ripple’s XRP left the major support and resistance levels untested early on.