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Ledger Nano X - The secure hardware wallet
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Ethereum, Litecoin, and Ripple’s XRP

29 December 2020
in XRP
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For the day ahead

Litecoin would need to move through the $130.96 pivot to support a run at the first major resistance level at $135.72.

Support from the broader market would be needed, however, for Litecoin to break back through to $135 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $136.99 would likely cap any upside.

In the event of another extended breakout, Litecoin could test resistance at $145 before any pullback. The second major resistance level sits at $141.74.

Failure to move through the $130.96 pivot level would bring the first major support level at $124.94 into play.

Barring an extended sell-off on the day, however, Litecoin should steer of sub-$120 levels. The second major support level at $120.18 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $124.94

Pivot Level: $130.96

First Major Resistance Level: $135.72

23.6% FIB Retracement Level: $112

38.2% FIB Retracement Level: $96

62% FIB Retracement Level: $69

Ripple’s XRP

Ripple’s XRP tumbled by 12.73% on Monday. Following on from a 3.76% slide on Sunday, Ripple’s XRP ended the day at $0.24745. It was a 4th consecutive day in the red for Ripple’s XRP.

Recovering from an early morning low $0.2700, Ripple’s XRP rose to a late morning intraday high $0.30942 before hitting reverse.

Coming up against the first major resistance level at $0.3080 and resistance at $0.31, Ripple’s XRP slid to a late intraday low $0.23336.

Ripple’s XRP fell through the first major support level at $0.2622 and the second major support level at $0.2410.

Finding late support, however, Ripple’s XRP moved back through the second major support level to end the day at $0.247 levels.

At the time of writing, Ripple’s XRP was down by 1.54% to $0.24364. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.24775 to a low $0.24100.

Ripple’s XRP left the major support and resistance levels untested early on.



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