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

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.


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