For the day ahead
Litecoin would need to avoid the $204 pivot to bring the first major resistance level at $240 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $232.99.
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 the 38.2% FIB of $265. The second major resistance level sits at $270.
Failure to avoid the $204 pivot would bring the 62% FIB of $174 and the first major support level at $174 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level sits at $138.
Looking at the Technical Indicators
First Major Support Level: $174
Pivot Level: $204
First Major Resistance Level: $240
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP rallied by 11.42% on Thursday. Partially reversing Wednesday’s 33.23% tumble, Ripple’s XRP ended the day $1.18153.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.93300 before making a move.
Steering clear of the first major support level at $0.8668, Ripple’s XRP rallied to an early afternoon intraday high $1.26853.
Falling short of the 38.2% FIB of $1.2807 and the first major resistance level at $1.4509, Ripple’s XRP fell back to end the day at sub-$1.20 levels.
At the time of writing, Ripple’s XRP was up by 1.44% to $1.19850. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.18164 to a high $1.20799.
Ripple’s XRP left the major support and resistance levels untested early on.
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