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For the day ahead
Litecoin would need to avoid the $235 pivot level to support a run at the 23.6% FIB of $262 and the first major resistance level at $264.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $257.07.
Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.
In the event of a bounce back, Litecoin could test resistance at $280. The second major resistance level sits at $285.
Failure to avoid a fall through the $235 pivot level would bring the 38.2% FIB of $217 and the first major support level at $214 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$200. The second major support level sits at $185.
Looking at the Technical Indicators
First Major Support Level: $214
Pivot Level: $235
First Major Resistance Level: $264
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138
Ripple’s XRP
Ripple’s XRP rose by 1.29% on Friday. Partially reversing a 10.53% tumble on Thursday, Ripple’s XRP ended the day at $1.17113.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.19617 before hitting reverse.
Falling short of the first major resistance level at $1.3535, Ripple’s XRP slid to an early morning intraday low $0.86800.
The sell-off saw Ripple’s XRP fall through the first major support level at $1.0248 and the second major support level at $0.8936.
Steering clear of the 62% FIB of $0.8573, Ripple’s XRP broke back through the major support levels to end the day at $1.17 levels.
At the time of writing, Ripple’s XRP was down by 2.00% to $1.14776. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.17279 before falling to a low $1.14691.
Ripple’s XRP left the major support and resistance levels untested early on.
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