For the day ahead
Litecoin would need to avoid a fall through the $178 pivot level to support a run at the first major resistance level at $186.
Support from the broader market would be needed, however, for Litecoin to break out from $185 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap any upside.
In the event of an extended rally, Litecoin could test the second major resistance level at $192 and the 23.6% FIB of $195.
Failure to avoid a fall through the $178 pivot level would bring the first major support level at $171 into play.
Barring an extended sell-off, Litecoin should steer clear of the second major support level at $163 and the 38.2% FIB of $163.
Looking at the Technical Indicators
First Major Support Level: $171
Pivot Level: $178
First Major Resistance Level: $186
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP
Ripple’s XRP slid by 5.27% on Friday. Partially reversing a 7.33% rally from Thursday, Ripple’s XRP ended the day at $0.45649.
It was a choppy start to the day. Ripple’s XRP rose to an early morning intraday high $0.48418 before hitting reverse.
Falling short of the first major resistance level at $0.5050, Ripple’s XRP slid to an early morning intraday low $0.44629.
The sell-off saw Ripple’s XRP fall through the 38.2% FIB of $0.4632 before steadying.
Finding support at the first major support level at $0.4463, Ripple’s XRP revisited $0.46 levels before easing back. The 38.2% FIB of $0.4632 pinned Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was up by 0.19% to $0.45736. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.45388 before rising to a high $0.45799.
Ripple’s XRP left the major support and resistance levels untested early on.