For the day ahead
Litecoin would need to move through the $129 pivot to bring the first major resistance level at $134 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $138.45 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 $143.
Failure to move through the $129 pivot would bring the first major support level at $120 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$110 levels. The second major support level at $115 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $120
Pivot Level: $129
First Major Resistance Level: $134
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP slid by 9.39% on Friday. Reversing a 4.65% gain from Thursday, Ripple’s XRP ended the day at $0.61128.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.68823 before hitting reverse.
Falling short of the first major resistance level at $0.7026, Ripple’s XRP slid to a late intraday low $0.60234.
Ripple’s XRP fell through the first major support level at $0.6271 to end the day at $0.61 levels.
At the time of writing, Ripple’s XRP was down by 0.73% to $0.60683. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.61262 before falling to a low $0.60544.
Ripple’s XRP left the major support and resistance levels untested early on.
