For the day ahead
Litecoin would need to avoid a fall through the $88.25 pivot to support a run at the first major resistance level at $98.07.
Support from the broader market would be needed, however, for Litecoin to break out from $95 levels.
Barring an extended crypto rally, the first major resistance level and the 62% FIB of $100 would likely cap any upside.
In the event of another extended breakout, Litecoin could resistance at $105 before any pullback. The second major resistance level sits at $103.12.
Failure to avoid a fall through the $88.25 pivot level would bring the first major support level at $83.20 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$80 support levels. The second major support level sits at $73.38.
Looking at the Technical Indicators
First Major Support Level: $83.20
Pivot Level: $88.25
First Major Resistance Level: $98.07
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP jumped by 21.67% on Wednesday. Reversing a 5.85% slide from Tuesday, Ripple’s XRP ended the day at $0.5701.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.43727 before making a move.
Ripple’s XRP fell through the first major support level at $0.4542 and the second major support level at $0.4396.
Steering clear of sub-$0.40 levels, Ripple’s XRP rallied to a late intraday high $0.57500.
Ripple’s XRP broke through the day’s major resistance levels and the 38.2% FIB of $0.5285 to end the day at $0.57 levels.
At the time of writing, Ripple’s XRP was up by 0.71% to $0.57416. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.56762 before rising to a high $0.58299.
Ripple’s XRP left the major support and resistance levels untested early on.
