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For the day ahead

Litecoin would need to avoid a fall back through the $119 pivot to bring the first major resistance level at $134 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $133.02 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $150. The second major resistance level sits at $147.

A fall back through the $119 pivot would bring the first major support level at $106 into play.

Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $91.

A sustained fall through the 62% FIB of $174 led to a near-term bearish trend formation from 10th May’s swing hi $413.91.

Looking at the Technical Indicators

First Major Support Level: $106

Pivot Level: $119

First Major Resistance Level: $134

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP slid by 10.79% on Tuesday. Following a 21.53% slump on Monday, Ripple’s XRP ended the day at $0.54636.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.64947 before hitting reverse.

Falling short of the first major resistance level at $0.7222, Ripple’s XRP slid to an early afternoon intraday low and a new swing lo $0.50959.

The extended sell-off saw Ripple’s XRP slide through the first major support level at $0.5493 before a partial recovery to $0.54 levels.

At the time of writing, Ripple’s XRP was down by 0.45% to $0.54391. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.54636 to a low $0.54316.

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

(Excerpt) Read more Here | 2021-06-22 18:33:45

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