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For the day ahead
Litecoin would need to avoid a fall through the $281 pivot level to support a run at the first major resistance level at $296.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s swing hi $291.25.
Barring an extended crypto rally, the first major resistance level and resistance at $300 would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $315 before any pullback. The second major resistance level sits at $306.
Failure to avoid a fall through the $281 pivot level would bring the first major support level at $271 into play.
Barring an extended sell-off, Litecoin should steer well clear of the second major support level at $256.
Looking at the Technical Indicators
First Major Support Level: $271
Pivot Level: $281
First Major Resistance Level: $296
23.6% FIB Retracement Level: $229
38.2% FIB Retracement Level: $190
62% FIB Retracement Level: $127
Ripple’s XRP
Ripple’s XRP slid by 4.17% on Thursday. Reversing a 2.30% rise from Wednesday, Ripple’s XRP ended the day at $1.75937.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.88353 before hitting reverse.
Falling short of the first major resistance level at $2.0210, Ripple’s XRP slid to a late morning intraday low $1.65261.
Steering clear of the first major support level at $1.6004, Ripple’s XRP revisited $1.84 levels before falling back into the red.
At the time of writing, Ripple’s XRP was up by 0.51% to $1.76836. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.75953 to a high $1.78119.
Ripple’s XRP left the major support and resistance levels untested early on.
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