For the day ahead
Litecoin would need to move through the $45.05 pivot to support a run at the first major resistance level at $46.85.
Support from the broader market would be needed, however, for Litecoin to break back through to $46 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $46.96 would likely cap any upside.
In the event of another breakout, Litecoin could test resistance at $47 before any pullback. The second major resistance level sits at $48.76.
Failure to move through the $45.05 pivot level would bring the first major support level at $43.14 into play.
Barring another extended sell-off on the day, however, Litecoin should steer clear of sub-$42 levels. The second major support level sits at $41.34.
Looking at the Technical Indicators
First Major Support Level: $43.14
Pivot Level: $45.05
First Major Resistance Level: $46.85
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP fell by 1.54% on Friday. Following on from a 1.63% fall on Thursday, Ripple’s XRP ended the day at $0.23404.
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.23919 before hitting reverse.
Falling short of the first major resistance level at $0.2438, Ripple’s XRP slid to a late morning intraday low $0.22900.
The sell-off saw Ripple’s XRP fall through the first major support level at $0.2331.
In the 2nd half of the day, Ripple’s XRP broke back through the first major support level to end the day at $0.234 levels.
At the time of writing, Ripple’s XRP was down by 0.16% to $0.23367. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.23409 to a low $0.23367.
Ripple’s XRP left the major support and resistance levels untested early on.
