For the day ahead
Litecoin would need to move back through the $100.54 pivot to support a run at the first major resistance level at $110.63.
Support from the broader market would be needed, however, for Litecoin to break back through to $110 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $110.00 would likely cap any upside.
In the event of another extended breakout, Litecoin could resistance at $120 before any pullback. The second major resistance level sits at $120.10.
Litecoin would need to hold above the 62% FIB on the day to affirm the formation of a near-term bullish trend.
Failure to move back through the $100.54 pivot level would bring the 62% FIB and the first major support level at $91.07 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$90 support levels. The second major support level sits at $80.98.
Looking at the Technical Indicators
First Major Support Level: $91.07
Pivot Level: $100.54
First Major Resistance Level: $110.63
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rose by 1.49% on Thursday. Following a 21.67% breakout on Wednesday, Ripple’s XRP ended the day at $0.57848.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.54017 before making a move.
Steering clear of the first major support level at $0.4799, Ripple’s XRP rallied to a late afternoon intraday high $0.6590.
Ripple’s XRP broke through the first major resistance level at $0.6176 and the 23.6% FIB of $0.6274.
Falling short of the second major resistance level at $0.6652, however, Ripple’s XRP fell back to $0.56 levels before steadying.
The pullback saw Ripple’s XRP fall back through the 23.6% FIB and the first major resistance level to limit the upside on the day.
At the time of writing, Ripple’s XRP was down by 3.53% to $0.55807. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.57881 before sliding to a low $0.55700.
Ripple’s XRP left the major support and resistance levels untested early on.