For the day ahead
Litecoin would need to avoid a fall through the $209 pivot level to support another run at the first major resistance level at $216.
Support from the broader market would be needed, however, for Litecoin to break out from this morning’s high $214.71.
Barring an extended crypto rally, the first major resistance level and resistance at $220 would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $230 before any pullback. The second major resistance level sits at $221.
Failure to avoid a fall through the $209 pivot level would bring the first major support level at $204 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$200 levels. The second major support level sits at $196.
Looking at the Technical Indicators
First Major Support Level: $204
Pivot Level: $209
First Major Resistance Level: $216
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP
Ripple’s XRP rallied by 6.00% on Friday. Following a 0.04% decline on Thursday, Ripple’s XRP ended the day at $0.60649.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.56434 before making a move.
Steering clear of the first major support level at $0.5478, Ripple’s XRP rallied to a late afternoon intraday high $0.60877.
Ripple’s XRP broke through the first major resistance level at $0.5932 before falling back to sub-$0.59 levels.
Finding late support, however, Ripple’s XRP broke back through the first major resistance level to end the day at $0.60 levels.
At the time of writing, Ripple’s XRP was up by 0.93% to $0.61212. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.60676 before rising to a high $0.62079.
Ripple’s XRP left the major support and resistance levels untested early on.
