For the day ahead
Litecoin would need to move through the $86.00 pivot to support a run at the first major resistance level at $92.17.
Support from the broader market would be needed, however, for Litecoin to break back through to $90 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another extended breakout, Litecoin could test the second major resistance level at $99.16 and the 62% FIB of $100.
Failure to move through the $86.00 pivot level would bring the first major support level at $79.01 into play.
Barring an extended sell-off on the day, however, Litecoin should steer well clear of the second major support level at $72.84.
Looking at the Technical Indicators
First Major Support Level: $79.01
Pivot Level: $86.00
First Major Resistance Level: $92.17
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP slid by 8.05% on Tuesday. Partially reversing a 9.60% rally from Monday, Ripple’s XRP ended the day at $0.61117.
It was another mixed start to the day. Ripple’s XRP rose to a late morning intraday high $0.68188 before hitting reverse.
Falling short of the first major resistance level at $0.7024, Ripple’s XRP slid to a mid-day intraday low $0.57287.
The sell-off saw Ripple’s XRP fall through the 23.6% FIB and the first major support level at $0.6124 before a brief recovery to $0.65 levels.
Late in the day, however, Ripple’s XRP slid back to wrap up the day at $0.61 levels.
The first major support level limited the downside late in the day.
At the time of writing, Ripple’s XRP was down by 1.04% to $0.60484. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.61153 to a low $0.60484.
Ripple’s XRP left the major support and resistance levels untested early on.
