For the next day

Litecoin would have to avoid the $ 181 pivot to bring into play the first major resistance level at $ 187.

However, in order for Litecoin to break from the $ 185 mark, support from the broader market would be required.

Aside from an extended crypto rally, the first major resistance level would likely limit any uptrend.

In the event of a prolonged breakout, Litecoin could test the resistance at $ 195 before pulling back. The second major resistance level is at $ 191.

A fall through the $ 181 pivot would bring into play the 23.6% FIB of $ 178 and the first major support level at $ 177.

However, apart from a lengthy sell-off, Litecoin should stay away from under $ 170. The second major support level at $ 171 should contain the downside.

Look at the technical indicators

First major support level: $ 177

Pivot level: $ 181

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

Ripple’s XRP rose 2.39% on Friday. After a 7.82% rally on Thursday, Ripple’s XRP ended the day at $ 1.26451.

Ripple’s XRP tracked the broader market and fell to an intraday low of $ 1,20029 this morning before making a move.

To bypass the first major support level at $ 1.1385, Ripple’s XRP rebounded to an intraday high of $ 1.28974 in the late afternoon.

Ripple’s XRP broke the first major resistance level at $ 1.2826 before falling back to $ 1.26.

At the time of writing, Ripple’s XRP is down 1.21% to $ 1.24916. A bearish start to the day caused Ripple’s XRP to drop from an early morning high of $ 1.26299 to a low of $ 1.24633.

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


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