For the day ahead
Litecoin would need to move through the $123 pivot to bring the first major resistance level at $126 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $125 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $127.82 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $135. The second major resistance level sits at $130.
Failure to move through the $123 pivot would bring the first major support level at $118 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$110 levels. The second major support level at $116 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $118
Pivot Level: $123
First Major Resistance Level: $126
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP fell by 1.43% on Friday. Following a 3.72% slide on Thursday, Ripple’s XRP ended the day at $0.59062.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.61832 before hitting reverse.
Falling short of the first major resistance level at $0.6201, Ripple’s XRP slid to a late morning intraday low $0.58757.
Steering clear of the first major support level at $0.5817, Ripple’s XRP before a briefly revisited $0.604 levels. A bearish end to the day, however, saw Ripple’s XRP fall back to sub-$0.59 levels before finding support.
At the time of writing, Ripple’s XRP was up by 0.45% to $0.59328. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.58951 before rising to a high $0.59433.
Ripple’s XRP left the major support and resistance levels untested early on.