For the day ahead
Litecoin would need to move back through the $57.92 pivot to support a run at the first major resistance level at $59.32.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $59.10.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a breakout, Litecoin would likely test the second major resistance level at $60.51.
Failure to move back through the $57.92 pivot level would bring the first major support level at $56.73 into play.
Barring an extended sell-off on the day, however, Litecoin should steer well clear of sub-$55 levels. The second major support level at $55.33 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $56.73
Pivot Level: $57.92
First Major Resistance Level: $59.32
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP rose by 1.72% on Tuesday. Reversing a 1.87% fall from Monday, Ripple’s XRP ended the day at $0.25277.
It was a mixed start to the day. Ripple’s XRP fell to an early morning intraday low $0.24796 before making a move.
Steering clear of the first major support level at $0.2420, Ripple’s XRP rose to a late afternoon intraday high $0.25420.
Falling short of the first major resistance level at $0.2570, Ripple’s XRP fell back to end the day at $0.2520 levels.
At the time of writing, Ripple’s XRP was down by 0.12% to $0.25246. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.25279 to a low $0.25246.
Ripple’s XRP left the major support and resistance levels untested early on.