For the day ahead
Litecoin would need to move through the $136 pivot level to support a run at the first major resistance level at $144.
Support from the broader market would be needed, however, for Litecoin to break back through to $140 levels.
Barring an extended crypto rally, the first major resistance level and the 23.6% FIB of $148 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at the second major resistance level at $155.
Failure to move through the $136 pivot level would bring the 38.2% FIB of $125 and the first major support level at $125 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$120 levels and the second major support level at $117. The 38.2% FIB of $125 and first major support level should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $125
Pivot Level: $136
First Major Resistance Level: $144
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87
Ripple’s XRP
Ripple’s XRP rose by 1.66% on Tuesday. Partially reversing an 8.63% slide on Monday, Ripple’s XRP ended the day at $0.29251.
It was a bearish start to the day. Ripple’s XRP fell to an early morning low $0.27945 before making a move.
Steering clear of the first major support level at $0.2555, Ripple’s XRP struck an early morning intraday high $0.3100.
Falling short of the first major resistance level at $0.3180, Ripple’s XRP slid to an early afternoon intraday low $0.2775.
Steering clear of the major support levels once more, Ripple’s XRP revisited $0.30 levels before easing back.
At the time of writing, Ripple’s XRP was down by 1.15% to $0.28916. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.2925 to a low $0.2877.
Ripple’s XRP left the major support and resistance levels untested early on.