For the day ahead
Litecoin would need to avoid a fall through the $45.52 pivot to support a run at the first major resistance level at $47.05.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $46.55.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $45.52 pivot level would bring the first major support level at $44.50 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$43 levels. The second major support level sits at $42.97.
Looking at the Technical Indicators
First Major Support Level: $44.50
Pivot Level: $45.52
First Major Resistance Level: $47.05
23.6% FIB Retracement Level: $54
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rose by 3.73% on Friday. Following on from a 5.23% rally on Thursday, Ripple’s XRP ended the day at $0.24168.
Tracking the broader market, Ripple’s XRP fell to a late morning intraday low $0.2299 before making a move.
Steering clear of the first major support level at $0.2231, Ripple’s XRP rallied to a late intraday high $0.24470.
Ripple’s XRP broke through the first major resistance level at $0.2389 and the second major resistance level at $0.2448.
A late pullback, however, saw Ripple’s XRP fall back through the second major resistance level to end the day a $0.24168.
At the time of writing, Ripple’s XRP was up by 0.42% to $0.24269. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.24174 to a high $0.24269.
Ripple’s XRP left the major support and resistance levels untested early on.