For the day ahead
Litecoin would need to move through the $182 pivot to bring the first major resistance level at $187 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 $188.85 would likely cap the upside.
In the event of broad-based crypto rally, Litecoin could the second major resistance level at $200. The second major resistance level sits at $194.
Failure to move through the $182 pivot would bring the 23.6% FIB of $178 and the first major support level at $175 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level at $170 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $175
Pivot Level: $182
First Major Resistance Level: $187
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP fell by 1.15% on Thursday. Following a 2.62% decline on Wednesday, Ripple’s XRP ended the day at $1.08799.
A mixed start to the day saw Ripple’s XRP rise to a late morning intraday high $1.13805 before hitting reverse.
Falling short of the first major resistance level at $1.1606, Ripple’s XRP fell to a mid-day intraday low $1.07336.
Steering clear of the 38.2% FIB of $1.0659 and the first major support level at $1.0262, Ripple’s XRP revisited $1.12 levels before falling back into the red.
At the time of writing, Ripple’s XRP was down by 0.05% to $1.08747. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.09327 before falling to a low $1.08701.
Ripple’s XRP left the major support and resistance levels untested early on.