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For the day ahead
Litecoin would need to move through the $223 pivot level to support a run at the first major resistance level at $227.
Support from the broader market would be needed, however, for Litecoin to break out from $225 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $228.96 would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $240 before any pullback. The second major resistance level sits at $233.
Failure to move through the $223 pivot level would bring the first major support level at $217 into play.
Barring another extended sell-off, Litecoin should continue to steer clear of sub-$210 support levels. The second major support level at $213 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $217
Pivot Level: $223
First Major Resistance Level: $227
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP
Ripple’s XRP fell by 3.66% on Friday. Partially reversing Thursday’s 15.89% breakout, Ripple’s XRP ended the day at $1.01837.
A mixed start to the day saw Ripple’s XRP fall to an early afternoon intraday low $0.98012 before making a move.
Steering clear of the first major support level at $0.9521, Ripple’s XRP rallied to a late intraday high $1.08327.
Falling short of the first major resistance level at $1.1226, Ripple’s XRP fell back to end the day at sub-$1.02 levels.
At the time of writing, Ripple’s XRP was down by 0.45% to $1.01379. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.02255 before falling to a low $1.00568.
Ripple’s XRP left the major support and resistance levels untested early on.
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