For the day ahead
Litecoin would need to avoid a fall through the $143.1 pivot level to support a run at the 23.6% FIB of $148 and the first major resistance level at $155.9.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $155.30.
Barring an extended crypto rally, the first major resistance level and resistance at $160 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $170. The second major resistance level at $168.1.
Failure to avoid a fall through the $143.1 pivot level would bring the first major support level at $138.9 into play.
Barring another extended sell-off, Litecoin should avoid the second major support level at $118.1. The 23.6% FIB of $125 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $130.9
Pivot Level: $143.1
First Major Resistance Level: $155.9
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87
Ripple’s XRP
Ripple’s XRP slid by 5.30% on Friday. Following on from a 3.29% decline on Thursday, Ripple’s XRP ended the day at $0.28058.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.30323 before hitting reverse.
Falling short of the first major resistance level at $0.3088, Ripple’s XRP slid to a late afternoon intraday low $0.26186.
Ripple’s XRP fell through the first major support level at $0.2830 and the second major support level at $0.2702.
Finding late support, Ripple’s XRP broke back through the second major support level to end the day at $0.28 levels.
At the time of writing, Ripple’s XRP was up by 0.23% to $0.28123. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.27926 before rising to a high $0.28188.
Ripple’s XRP left the major support and resistance levels untested early on.
