For the day ahead
Litecoin would need to avoid a fall back through the first major resistance level at $329 to support a run at the second major resistance level at $353.
Support from the broader market would be needed, however, for Litecoin to break out from this morning’s high $342.00.
Barring an extended crypto rally, the second major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $360. The third major resistance level sits at $405.
Failure to avoid a fall through the first major resistance level at $329 would bring the pivot and sub-$300 levels into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$290 and the first major support level at $277
Looking at the Technical Indicators
First Major Support Level: $277
Pivot Level: $300
First Major Resistance Level: $329
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138
Ripple’s XRP
Ripple’s XRP slid by 10.85% on Tuesday. Following a 0.59% decline on Monday, Ripple’s XRP ended the day at $1.38884.
A bearish start to the day saw Ripple’s XRP slide from an early morning intraday high $1.55784 to a late afternoon intraday low $1.32500.
Ripple’s XRP fell through the 23.6% FIB of $1.5426, the first major support level at $1.4970, and the second major support level at $1.4415.
Finding support at the third major support level at $1.3234, Ripple’s XRP revisited $1.47 levels before sliding back into the deep red.
Ripple’s XRP fell back through the second major support level at $1.4415 to end the day at sub-$1.40 levels.
At the time of writing, Ripple’s XRP was up by 4.84% to $1.45609. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.36874 before rising to a high $1.47568.
Ripple’s XRP left the major support and resistance levels untested early on.
