For the day ahead
Litecoin would need to avoid a fall through the $262 pivot level to support a run at the first major resistance level at $279.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s new swing hi $273.30.
Barring an extended crypto rally, the first major resistance level and resistance at $280 would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $300 before any pullback. The second major resistance level sits at $291.
Failure to avoid a fall through the $262 pivot level would bring the first major support level at $250 into play.
Barring an extended sell-off, Litecoin should continue to steer well clear of the second major support level at $233.
Looking at the Technical Indicators
First Major Support Level: $250
Pivot Level: $262
First Major Resistance Level: $279
23.6% FIB Retracement Level: $215
38.2% FIB Retracement Level: $179
62% FIB Retracement Level: $120
Ripple’s XRP
Ripple’s XRP jumped by 22.24% on Tuesday. Following on from an 8.71% rally on Monday, Ripple’s XRP ended the day at $1.79583.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.41863 before making a move.
Steering clear of the first major support level at $1.3651, Ripple’s XRP rallied to a late intraday high and a new swing hi $1.88933.
Ripple’s XRP broke through the day’s major resistance levels before easing back to sub-$1.80 levels.
Ripple’s XRP briefly fell back through the third major resistance level at $1.7385 before wrapping up the day at $1.79 levels.
At the time of writing, Ripple’s XRP was up by 1.14% to $1.81628. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.7845 before rising to a high $1.8438.
Ripple’s XRP left the major support and resistance levels untested early on.