For the day ahead
Litecoin would need to avoid a fall through the $232.93 pivot level to support a run at the first major resistance level at $245.75.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s swing hi $241.99.
Barring an extended crypto rally, the first major resistance level and resistance at $250 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $260 before any pullback. The second major resistance level sits at $254.82.
Failure to avoid a fall through the $232.93 pivot level would bring the first major support level at $223.86 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$220 levels. The second major support level sits at $211.04.
Looking at the Technical Indicators
First Major Support Level: $223.86
Pivot Level: $232.93
First Major Resistance Level: $245.75
23.6% FIB Retracement Level: $191
38.2% FIB Retracement Level: $159
62% FIB Retracement Level: $108
Ripple’s XRP
Ripple’s XRP rallied by 6.00% on Friday. Reversing a 0.54% fall from Thursday, Ripple’s XRP ended the day at $0.56451.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.51469 before finding support.
Falling through the 23.6% FIB of $0.5320, Ripple’s XRP came within range of the first major support level at $0.5144.
A late morning rally, however, saw Ripple’s XRP strike a mid-day intraday high $0.58151.
Ripple’s XRP broke through the first major resistance level at $0.5547 and the second major resistance level at $0.5775.
More significantly, Ripple’s XRP broke back through the 23.6% FIB.
An afternoon pullback saw Ripple’s XRP fall back through the major resistance levels before a late rally to $0.57 levels.
Ripple’s XRP broke back through the first major resistance level to end the day at $0.56 levels. The second major resistance level at $0.5775 capped the upside late in the day.
At the time of writing, Ripple’s XRP was down by 0.23% to $0.56320. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.56835 before falling to a low $0.56320.
Ripple’s XRP left the major support and resistance levels untested early on.