For the day ahead
Litecoin would need to avoid the $132 pivot to bring the first major resistance level at $138 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $135.80.
Barring an extended crypto rally, the first major resistance level and resistance would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $145. The second major resistance level sits at $142.
A fall through the $132 pivot would bring the first major support level at $129 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$125 levels. The second major support level sits at $122.
Looking at the Technical Indicators
First Major Support Level: $129
Pivot Level: $132
First Major Resistance Level: $138
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 2.72% on Friday. Partially reversing a 4.32% fall from Thursday, Ripple’s XRP ended the day at $0.63846.
A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $0.59227 before making a move.
Ripple’s XRP fell through the first major support level at $0.6058 before rising to a mid-afternoon intraday high $0.64521.
Falling short of the first major resistance level at $0.6478, Ripple’s XRP fell back to $0.62 levels before ending the day at $0.63 levels.
At the time of writing, Ripple’s XRP was up by 0.10% to $0.63909. A range-bound start to the day saw Ripple’s XRP rise from an early morning low $0.63675 to a high $0.63909.
Ripple’s XRP left the major support and resistance levels untested early on.
