For the day ahead
Litecoin would need to avoid a fall through the $45.49 pivot to support a run at the first major resistance level at $46.02.
Support from the broader market would be needed, however, for Litecoin to break back through to $46 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, the second major resistance level at $46.36 could come into play.
Failure to avoid a fall through the $45.49 pivot level would bring the first major support level at $45.15 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$44 levels. The second major support level at $44.62 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $45.15
Pivot Level: $45.49
First Major Resistance Level: $46.02
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP rose by 0.83% on Tuesday. Partially reversing a 1.06% fall from Monday, Ripple’s XRP ended the day at $0.24273.
A bullish start to the day saw Ripple’s XRP rally to a late morning intraday high $0.24655 before hitting reverse.
Falling short of the first major resistance level at $0.2507, Ripple’s XRP slid to a late afternoon intraday low $0.23831.
Steering clear of the first major support level at $0.2353, Ripple’s XRP broke back through to $0.2427 levels.
The late recovery delivered the upside for the day.
At the time of writing, Ripple’s XRP was down by 0.49% to $0.24155. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.24253 to a low $0.24100.
Ripple’s XRP left the major support and resistance levels untested early on.