For the day ahead
Litecoin would need to avoid the $201 pivot to bring the first major resistance level at $216 into play.
Support from the broader market would be needed, however, for Litecoin to breakout from Wednesday’s high $209.64.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of another breakout, Litecoin could test resistance at the 38.2% FIB of $223 before any pullback. The second major resistance level sits at $225.
A fall through the $201 pivot would bring the first major support level at $192 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$190 and the 23.6% FIB of $178. The second major support level sits at $177.
Looking at the Technical Indicators
First Major Support Level: $177
Pivot Level: $201
First Major Resistance Level: $216
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP rose by 4.90% on Wednesday. Following a 0.74% increase on Tuesday, Ripple’s XRP ended the day at $1.14466.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.08687 before making a move.
Steering clear of the first major support level at $1.0722, Ripple’s XRP rallied to a late intraday high $1.15282.
Ripple’s XRP broke through the day’s major resistance levels before a pullback to sub-$1.135 levels.
The pullback saw Ripple’s XRP fall back through the third major resistance level at $1.1505 to end the day at $1.144 levels.
At the time of writing, Ripple’s XRP was down by 0.25% to $1.14176. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.14790 before falling to a low $1.14065.
Ripple’s XRP left the major support and resistance levels untested early on.
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