[ad_1]
For the day ahead
Litecoin is expected to move back through the $ 89.80 pivot to support a run at the first major resistance level at $ 93.59.
However, support from the broader market would be needed for Litecoin to return to $ 93 levels.
Barring another extended crypto rally, the first major resistance level and Tuesday’s high of $ 94.05 would likely limit any upside.
In the event of another sustained breakout, Litecoin will likely test the second major resistance level at $ 97.85. However, the 62% FIB of $ 100 could limit any upside.
Failure to return to the pivot level of $ 89.80 would bring the first major support level at $ 85.54 into play.
Barring a prolonged sell-off later in the day, however, Litecoin should avoid sub-$ 80 levels. The second major support level at $ 81.75 should limit any downside.
Looking at the technical indicators
First major support level: $ 85.54
Pivot Level: $ 89.80
First major resistance level: $ 93.59
23.6% FIB Retracement Level: $ 45.30
38.2% FIB Retracement Level: $ 71
62% FIB Retracement Level: $ 100
Ripple’s XRP
Ripple’s XRP was up 12.39% on Tuesday. After a 38.3% rise on Monday, Ripple’s XRP ended the day at $ 0.69401.
It was a bullish start to the day. Ripple’s XRP rose to a morning intraday high $ 0.78716 before reversing.
The rally saw Ripple’s XRP break through the first major resistance level at $ 0.6804 and the second major resistance level at $ 0.7438.
More significantly, however, Ripple’s XRP also broke above the 62% FIB of $ 0.6426 to form a short-term bullish trend.
A late morning pullback saw Ripple’s XRP drop to $ 0.60 before 2nd half rebound to $ 0.7490 levels.
Ripple’s XRP passed the first and second major resistance levels and 62% FIB.
A bearish end to the day, however, saw Ripple’s XRP fall back through the second major resistance level.
At the time of writing, Ripple’s XRP was unchanged at $ 0.6399. A mixed start to the day saw Ripple’s XRP rise to a morning high $ 0.70972 before falling to a low $ 0.68267.
Ripple’s XRP left the major support and resistance levels untested early on.
