For the day ahead
Litecoin would need to move through the $174 pivot to bring 23.6% FIB of $178 and the first major resistance level at $179 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $175 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $184.45 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level at sits $190.
Failure to move through the $174 pivot would bring the first major support level at $163 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$160 levels. The second major support level sits at $157.
Looking at the Technical Indicators
First Major Support Level: $163
Pivot Level: $174
First Major Resistance Level: $179
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP slid by 7.41% on Tuesday. Following a 7.84% tumble on Monday, Ripple’s XRP ended the day at $1.09755.
Tracking the broader market, Ripple’s XRP rose to a late morning intraday high $1.22969 before hitting reverse.
Falling short of the first major resistance level at $1.2953, Ripple’s XRP slid to a late intraday low $1.09535.
Ripple’s XRP fell through the first major support level at $1.1086 to end the day at sub-$1.10 levels.
At the time of writing, Ripple’s XRP was up by 1.50% to $1.11400. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.11698 before falling to a low $1.09432.
Ripple’s XRP left the major support and resistance levels untested early on.