For the day ahead
Litecoin would need to move through the $156.09 pivot level to support a run at the first major resistance level at $162.02.
Support from the broader market would be needed, however, for Litecoin to break back through to $160 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $166.21 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $180. The second major resistance level sits at $172.13.
Failure to move through the $156.09 pivot level would bring 23.6% FIB of $148 and the first major support level at $145.98 into play.
Barring an extended sell-off, Litecoin should steer clear of the second major support level at $140.05.
Looking at the Technical Indicators
First Major Support Level: $145.98
Pivot Level: $156.09
First Major Resistance Level: $162.02
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 2.87% on Tuesday. Following on from a 2.77% gain on Monday, Ripple’s XRP ended the day at $0.29424.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.28415 before making a move.
Steering clear of the first major support level at $0.2751, Ripple’s XRP jumped to a mid-morning intraday high $0.32960.
Ripple’s XRP broke through the day’s major resistance levels and the 23.6% FIB of $0.3172.
It was bearish through the remainder of the day, however.
Ripple’s XRP fell back through the third major resistance level at $0.3157 and the second major resistance level at $0.2988.
More significantly, Ripple’s XRP also fell back through the 23.6% FIB of $0.3172.
Finding support at the first major resistance level at $0.2921, however, Ripple’s XRP wrapped up the day at $0.294 levels.
At the time of writing, Ripple’s XRP was up by 0.12% to $0.29460. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.29044 before rising to a high $0.29494.
Ripple’s XRP left the major support and resistance levels untested early on.