For the day ahead
Litecoin would need to move through the $168 pivot to bring the first major resistance level at $173 and the 62% FIB of $174 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $170 levels.
Barring an extended crypto rally, the 62% FIB would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $180. The second major resistance level sits at $178.
Failure to move through the $168 pivot would bring the first major support level at $162 into play.
Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $157.
A sustained fall through the 62% FIB of $174 would form a near-term bearish trend from 10th May’s swing hi $413.91.
Looking at the Technical Indicators
First Major Support Level: $162
Pivot Level: $168
First Major Resistance Level: $173
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP rose by 0.89% on Thursday. Partially reversing a 3.95% fall from Wednesday, Ripple’s XRP ended the day at $0.84073.
A bullish start to the day saw Ripple’s XRP rise to a late morning intraday high $0.86104 before hitting reverse.
Ripple’s XRP broke through the 62% FIB of $0.8573 and the first major resistance level at $0.8608.
The reversal, however, saw Ripple’s XRP slide back through the major support level and 62% FIB to a late intraday low $0.82341.
Steering clear of the first major support level at $0.8148, however, Ripple’s XRP ended the day at $0.84 levels.
At the time of writing, Ripple’s XRP was down by 0.12% to $0.83974. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.84006 to a low $0.83974.
Ripple’s XRP left the major support and resistance levels untested early on.