For the day ahead
Litecoin would need to avoid the 38.2% FIB of $223 and the $221 pivot to bring the first major resistance level at $232 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $229.8.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of an extended rally, Litecoin could test resistance at $245 before any pullback. The second major resistance level sits at $240.
A fall through the 38.2% FIB and the $221 pivot would bring the first major support level at $213 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$210 levels. The second major support level sits at $202.
Looking at the Technical Indicators
First Major Support Level: $213
Pivot Level: $221
First Major Resistance Level: $232
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP rose by 1.00% on Thursday. Partially reversing a 3.19% slide from Wednesday, Ripple’s XRP ended the day at $1.0435.
A choppy start to the day saw Ripple’s XRP fall to a late morning intraday low $1.0235 before making a move.
Steering clear of the first major support level at $1.0031, Ripple’s XRP rallied to a late afternoon intraday high $1.06344.
Falling short of the 38.2% FIB of $1.0659 and the first major resistance level at $1.0695, however, Ripple’s XRP fell back to end the day at sub-$1.05 levels.
At the time of writing, Ripple’s XRP was up by 0.22% to $1.0458. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.0463 before falling to a low $1.0454.
Ripple’s XRP left the major support and resistance levels untested early on.