For the day ahead
Litecoin would need to avoid a fall through the $87.47 pivot to support a run at the first major resistance level at $92.15.
Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $90.63.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another extended breakout, Litecoin could test the second major resistance level at $95.31.
Failure to avoid a fall through the $87.47 pivot level would bring the first major support level at $84.31 into play.
Barring an extended sell-off on the day, however, Litecoin should steer well clear of the second major support level at $79.63.
Looking at the Technical Indicators
First Major Support Level: $84.31
Pivot Level: $87.47
First Major Resistance Level: $92.15
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP rose by 3.18% on Wednesday. Partially reversing an 8.05% slide from Tuesday, Ripple’s XRP ended the day at $0.63098.
A bearish start to the day saw Ripple’s XRP fall to a mid-morning intraday low $0.59348 before making a move.
Steering clear of the first major support level at $0.5621, Ripple’s XRP rose to a late morning intraday high $0.63083. The morning rally did see Ripple’s XRP break through the 23.6% FIB of $0.6274 before hitting reverse.
Falling well short of the first major resistance level at $0.6711, Ripple’s XRP fell back to sub-$0.61 levels and into the red.
A late move back through 23.6% FIB to $0.63 levels delivered the upside on the day, however.
At the time of writing, Ripple’s XRP was up by 0.71% to $0.63546. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.62951 before rising to a high $0.63903.
Ripple’s XRP left the major support and resistance levels untested early on.