For the day ahead

Litecoin would need to move back through the $125.25 pivot level to support a run at the first major resistance level at $132.51.

Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $135.13 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $140 before any pullback. The second major resistance level sits at $142.38.

Failure to move back through the $125.25 pivot level would bring the 38.2% FIB of $125 and the first major support level at $115.38 into play.

Barring another extended sell-off, Litecoin should steer clear of the second major support level at $108.12.

Looking at the Technical Indicators

First Major Support Level: $115.38

Pivot Level: $125.25

First Major Resistance Level: $132.51

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP fell by 6.51% on Wednesday. Reversing a 0.43% gain from Tuesday, Ripple’s XRP ended the day at $0.25103.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.26870 before hitting reverse.

Falling short of the first major resistance level at $0.2738, Ripple’s XRP slid to an early afternoon intraday low $0.24369.

The sell-off saw Ripple’s XRP fall through the first major support level at $0.2609 and the second major support level at $0.2530.

Steering clear of the third major support level at $0.2401, Ripple’s XRP revisited $0.257 levels before falling back through the second major support level.

At the time of writing, Ripple’s XRP was up by 0.98% to $0.25348. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.24749 before rising to a high $0.25349

Ripple’s XRP left the major support and resistance levels untested early on.



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