For the day ahead
Litecoin would need to avoid a fall through the $130.27 pivot level to support a run at the first major resistance level at $139.63.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $136.29.
Barring an extended crypto rally, the first major resistance level and resistance at $140 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $150 before any pullback. The second major resistance level sits at $145.65.
Failure to avoid a fall through the $130.27 pivot level would bring the 38.2% FIB of $125 and the first major support level at $124.25 into play.
Barring another extended sell-off, Litecoin should steer clear of the second major support level at $114.89.
Looking at the Technical Indicators
First Major Support Level: $124.25
Pivot Level: $130.27
First Major Resistance Level: $139.63
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87
Ripple’s XRP
Ripple’s XRP rose by 5.63% on Thursday. Partially reversing a 6.51% decline from Wednesday, Ripple’s XRP ended the day at $0.26476.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.24749 before making a move.
Steering clear of the first major support level at $0.2402, Ripple’s XRP jumped to a late intraday high $0.27076.
Ripple’s XRP broke through the first major resistance level at $0.2653 before pullback back to end the day at sub-$0.2650 levels.
At the time of writing, Ripple’s XRP was up by 1.39% to $0.26844. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.26487 to a high $0.27000.
Ripple’s XRP left the major support and resistance levels untested early on.
