For the day ahead

Litecoin would need to avoid a fall through the 23.6% FIB and the $175 pivot to bring the first major resistance level at $182 into play.

Support from the broader market would be needed, however, for Litecoin to break out from the 23.6% FIB of $178.

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

In the event of an extended breakout, Litecoin could test resistance at $190 before any pullback. The second major resistance level at sits $185.

A fall through the 23.6% FIB and the $175 pivot would bring the first major support level at $172 into play.

Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $166.

Looking at the Technical Indicators

First Major Support Level: $172

Pivot Level: $175

First Major Resistance Level: $182

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 3.37% on Wednesday. Partially reversing an 8.63% tumble from Tuesday, Ripple’s XRP ended the day at $1.17400.

A mixed start to the day saw Ripple’s XRP fall to a late morning intraday low $1.10831 before making a move.

Steering clear of the first major support level at $1.0840, Ripple’s XRP rallied to a late afternoon intraday high $1.17773.

Falling short of the first major resistance level at $1.2274, Ripple’s XRP slipped back to end the day at sub-$1.18 levels.

At the time of writing, Ripple’s XRP was up by 0.68% to $0.18200. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.16849 before rising to a high $1.18513.

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

(Excerpt) Read more Here | 2021-08-25 17:38:28
Image credit: source

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