For the day ahead
Litecoin would need to avoid a fallback to sub-$130 levels to support a run at $135 levels. Support from the broader market would be needed, however, for Litecoin to break out from the second major resistance level at $133.94.
Barring an extended crypto rally, the second major resistance level and resistance at $135 would likely cap any upside.
In the event of another extended breakout, Litecoin could test resistance at $140 before any pullback. The third major resistance level sits at $142.29.
A fall back through the first major resistance level at $129.18 would bring the $125.59 pivot level into play before any recovery.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$125 levels. The first major support level sits at $120.82.
Looking at the Technical Indicators
First Major Support Level: $120.82
Pivot Level: $125.59
First Major Resistance Level: $129.17
23.6% FIB Retracement Level: $112
38.2% FIB Retracement Level: $96
62% FIB Retracement Level: $69
Ripple’s XRP
Ripple’s XRP rose by 3.82% on Thursday. Partially reversing a 4.51% slide from Wednesday, Ripple’s XRP ended the day at $0.21950. It was the first daily gain in 7-days.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.20520 before finding support.
Steering clear of the first major support level at $0.1897, Ripple’s XRP rose to a late morning intraday high $0.22927.
Falling short of the first major resistance level at $0.2352, however, Ripple’s XRP slid back to $0.215 levels before revisiting $0.228 levels.
In spite of a bearish end to the day, Ripple’s XRP held avoided a fall back into the red.
At the time of writing, Ripple’s XRP was up by 2.09% to $0.22409. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.21601 before rising to a high $0.22790.
Ripple’s XRP left the major support and resistance levels untested early on.
