For the day ahead
Litecoin would need to move through the $178 pivot and the 23.6% FIB of $178 to bring the first major resistance level at $184 into play.
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 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $190 before any pullback. The second major resistance level at sits $195.
Failure to move through the $178 pivot and 23.6% FIB would bring the first major support level at $168 into play.
Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $162.
Looking at the Technical Indicators
First Major Support Level: $168
Pivot Level: $178
First Major Resistance Level: $184
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 8.63% on Tuesday. Reversing a 1.47% gain from Monday, Ripple’s XRP ended the day at $1.13691.
A mixed start to the day saw Ripple’s XRP rise to a late morning intraday high $1.26500 before hitting reverse.
Falling short of the first major resistance level at $1.2999, Ripple’s XRP slid to a late afternoon intraday low $1.12152.
Ripple’s XRP fell through the first major support level at $1.1963 and the second major support level at $1.1463 to end the day at $1.13 levels.
At the time of writing, Ripple’s XRP was up by 1.22% to $1.15077. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.13489 before rising to a high $1.15656.
Ripple’s XRP left the major support and resistance levels untested early on.