Image credit: source

For the day ahead

Litecoin would need to avoid a fall through the 23.6% FIB of $262 and the $257 pivot level to support a run at the first major resistance level at $280.

Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $276.47.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a bounce back, Litecoin could test the second major resistance level at $300.

Failure to avoid a fall through the 23.6% FIB and the $257 pivot would bring the first major support level at $238 into play.

Barring another extended sell-off, Litecoin should steer clear of the 38.2% FIB of $217. The second major support level sits at $215.

Looking at the Technical Indicators

First Major Support Level: $238

Pivot Level: $257

First Major Resistance Level: $280

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP rose by 5.76% on Tuesday. Partially reversing a 7.70% slide from Monday, Ripple’s XRP ended the day at $1.38587.

A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $1.17328 before making a move.

The sell-off saw Ripple’s XRP fall through the 38.2% FIB of $1.2807 and the first major support level at $1.1982.

Finding late morning support, Ripple’s XRP rallied to a late intraday high $1.44778 before easing back.

While falling short of the first major resistance level at $1.4775, Ripple’s XRP broke back through the 38.2% FIB of $1.2807.

A bearish end to the day, however, saw Ripple’s XRP fall back to end the day at sub-$1.40 levels.

At the time of writing, Ripple’s XRP was up by 2.03% to $1.41397. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.41435 before falling to a low $1.37993.

Ripple’s XRP left the major support and resistance levels untested early on.

(Excerpt) Read more Here | 2021-04-20 18:38:10

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.