For the day ahead
Litecoin would need to avoid a fall through the $61.92 pivot to support a run at the first major resistance level at $65.11.
Support from the broader market would be needed, however, for Litecoin to break out from the morning high $64.00.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another extended breakout, Litecoin would likely test the second major resistance level at $66.93.
Failure to avoid a fall through the $61.92 pivot level would bring the first major support level at $60.10 into play.
Barring an extended sell-off on the day, however, Litecoin should steer well clear of the second major support level at $56.91.
Looking at the Technical Indicators
First Major Support Level: $60.10
Pivot Level: $61.92
First Major Resistance Level: $65.11
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rallied by 5.12% on Friday. Following on from a 3.17% gain on Thursday, Ripple’s XRP ended the day at $0.25864.
It was also a bullish start to the day. Ripple’s XRP rallied from an early morning intraday low $0.24554 to an early afternoon intraday high $0.26194.
The rally saw Ripple’s XRP break through the first major resistance level at $0.2499 and the second major resistance level at $0.2538.
Falling short of the third major resistance level at $0.2641, Ripple’s XRP slid back to sub-$0.2510 levels.
A final hour rally, however, saw Ripple’s XRP break back through the second major resistance level to wrap up the day at $0.258 levels. Resistance at $0.26 pinned Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was up by 0.72% to $0.26051. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.25880 to a high $0.26099.
Ripple’s XRP left the major support and resistance levels untested early on.