For the day ahead
Litecoin would need to avoid a fall through the $151.73 pivot level to support a run at the first major resistance level at $161.33.
Support from the broader market would be needed, however, for Litecoin to break through to $160 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $170 before any pullback. The second major resistance level sits at $166.47.
Failure to avoid a fall through the $151.73 pivot level would bring the 23.6% FIB of $148 and the first major support level at $146.59 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$145 levels. The second major support level sits at $136.99.
Looking at the Technical Indicators
First Major Support Level: $146.59
Pivot Level: $151.73
First Major Resistance Level: $161.33
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87
Ripple’s XRP rallied by 6.58% on Wednesday. Following on from a 0.34% gain on Tuesday, Ripple’s XRP ended the day at $0.39797.
It was also bullish day for Ripple’s XRP, which avoided a fall into the red.
Ripple’s XRP rose from a start of the day intraday low $0.3734 to a late afternoon intraday high $0.4190 before easing back.
The rally saw Ripple’s XRP break through the 38.2% FIB of $0.4070 and the first major resistance level at $0.4095.
A pullback to $0.383 levels saw Ripple’s XRP fall back through the 38.2% FIB and first major resistance level, however.
Finding late support, Ripple’s XRP moved back through to $0.39 levels to deliver the upside on the day.
At the time of writing, Ripple’s XRP was down by 0.56% to $0.39574. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.3990 before falling to a low $0.39500.
Ripple’s XRP left the major support and resistance levels untested early on.