For the day ahead
Litecoin would need to move back through the $262 pivot to bring the first major resistance level at $274 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $270 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $274.27 would likely cap the upside.
In the event of another breakout, Litecoin could retest resistance at $300 before easing back. The second major resistance level sits at $286.
Failure to move back through the $262 pivot would bring the first major support level at $251 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$245 levels. The second major support level sits at $239.
Looking at the Technical Indicators
First Major Support Level: $251
Pivot Level: $262
First Major Resistance Level: $274
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP rose by 2.26% on Thursday. Partially reversing a 5.07% slide from Wednesday, Ripple’s XRP ended the day at $1.21563.
A mixed start saw Ripple’s XRP fall to an early morning intraday low $1.17794 before making a move.
Steering clear of the first major support level at $1.0932, Ripple’s XRP rose to a late morning intraday high $1.25344.
Falling well short of the first major resistance level at $1.3203, Ripple’s XRP fell back to sub-$1.20 levels before finding support.
At the time of writing, Ripple’s XRP was down by 0.34% to $1.21155. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.21560 before falling to a low $1.21155.
Ripple’s XRP left the major support and resistance levels untested early on.