For the next day
Litecoin would have to move through the $ 336 pivot to support a run at the first major resistance level at $ 370.
However, support from the broader market would be required for Litecoin to break out of the $ 365 levels.
Aside from an extended crypto rally, the first major resistance level would likely limit an uptrend.
In the event of a prolonged breakout, Litecoin could test the resistance at USD 410. The second major resistance level is at $ 428.
If you’re not moving through the $ 336 pivot, the 23.6% FIB of $ 322 and the first major level of support at $ 277 would come into play.
However, subject to another extended sell-off, Litecoin should avoid the second major support level of $ 243. The 38.2% FIB of $ 265 should limit the downtrend.
Look at the technical indicators
First major support level: $ 277
Pivot Level: $ 336
First major resistance level: $ 370
23.6% FIB Retracement Level: $ 322
38.2% FIB Retracement Level: USD 265
62% FIB Retracement Level: $ 174
Ripple’s XRP fell 15.2% on Wednesday. Ripple’s XRP ended the day up 6.31% from Tuesday at $ 1.2550.
A bullish start to the day caused Ripple’s XRP to soar to an early morning intraday high of $ 1.54695 before hitting reverse.
Ripple’s XRP broke the first major resistance level at $ 1.5291.
Against the 23.6% FIB of $ 1.5426, Ripple’s XRP fell to a late intraday low of $ 1.24092.
Ripple’s XRP fell through the first major support level at $ 1.3906 and the second major support level at $ 1.3016.
The prolonged sell-off also caused Ripple’s XRP to fall through the 38.2% FIB of $ 1.2807 to end the day at $ 1.25.
At the time of writing, Ripple’s XRP was up 3.61% to $ 1,30028. On a mixed start to the day, Ripple’s XRP fell to an early morning low of $ 1,20000 before rising to a high of $ 1,385,000.
While Ripple’s XRP left key support and resistance levels untested early on, it broke the 38.2% FIB of $ 1.2807.