For the day ahead
Litecoin would need to move through the $182 pivot to bring the first major resistance level at $186 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $185 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $186.52 would likely cap the upside.
In the event of another breakout, Litecoin could test resistance at $195 before any pullback. The second major resistance level sits at $191.
Failure to move through the $182 pivot would bring the 23.6% FIB of $178 and the first major support level at $177 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$170. The second major support level at $172 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $177
Pivot Level: $182
First Major Resistance Level: $186
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP rose by 0.62% on Thursday. Following a 2.54% rise on Wednesday, Ripple’s XRP ended the day at $1.XXXX.
A mixed start to the day saw Ripple’s XRP fall to a late morning intraday low $1.11737 before making a move.
Steering clear of the first major support level at $1.0883, Ripple’s XRP rallied to an early afternoon intraday high $1.15800.
Coming up against the first major resistance level at $1.1520, however, Ripple’s XRP fell back to sub-$1.1250 levels before finding support.
A late move back through to $1.13 levels delivered the upside on the day.
At the time of writing, Ripple’s XRP was down by 0.69% to $1.12588. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.13326 to a low $1.12588.
Ripple’s XRP left the major support and resistance levels untested early on.