For the day ahead
Litecoin would need to avoid a fall through the $132 pivot to bring the first major resistance level at $140 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $137.40.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $150. The second major resistance level sits at $146.
A fall through the $132 pivot would bring the first major support level at $126 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level sits at $118.
Looking at the Technical Indicators
First Major Support Level: $126
Pivot Level: $132
First Major Resistance Level: $140
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP rose by 4.65% on Thursday. Following on from a 16.72% jump on Wednesday, Ripple’s XRP ended the day at $0.67012.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.61644 before making a move.
Steering clear of the first major support level at $0.5467, Ripple’s XRP rallied to a late intraday high $0.69195.
Coming within range of the first major resistance level at $0.6970, Ripple’s XRP eased back to end the day at sub-$0.68 levels.
At the time of writing, Ripple’s XRP was up by 0.92% to $0.67626. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.67217 before rising to a high $0.67626.
Ripple’s XRP left the major support and resistance levels untested early on.
