For the next day
Litecoin would have to move through the $ 168 pivot to bring into play the first major resistance level at $ 173.
However, for Litecoin to break back to the $ 170 level, support from the broader market would be required.
Aside from an extended crypto rally, Wednesday’s first major resistance level and $ 174.58 high would likely limit any uptrend.
In the event of a longer breakout, Litecoin could test the resistance at 23.6% FIB of $ 178 and the second major resistance level at $ 180.
If the $ 168 pivot is not broken, the first major support level at $ 161 would come into play.
However, aside from an extended sell-off, Litecoin should avoid the second major support level at $ 156.
Look at the technical indicators
First major support level: $ 161
Pivot level: $ 168
First major resistance level: $ 173
23.6% FIB retracement level: $ 178
38.2% FIB retracement level: $ 223
62% FIB retracement level: $ 296
Ripple’s XRP rose 4.46% on Wednesday. Ripple’s XRP ended the day at $ 1.14600, partially ending the day with a 7.41% decline from Tuesday.
Ripple’s XRP tracked the broader market, falling to an intraday low of $ 1,05050 early this morning before making a move.
Ripple’s XRP found support at the first major support level at $ 1.0521 and rebounded to a late afternoon intraday high of $ 1.19591.
Ripple’s XRP broke the first major resistance level at $ 1.1864 before briefly falling back to $ 1.10.
However, a bullish end of the day provided the uptrend.
At the time of writing, Ripple’s XRP was up 0.90% to $ 1.15632. A mixed start to the day resulted in Ripple’s XRP dropping to an early morning low of $ 1.14482 before rising to a high of $ 1.15803.
Ripple’s XRP left key support and resistance levels untested early on.