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For the day ahead
Litecoin would need to move through the $256 pivot level to support a run at the 23.6% FIB of $262 and the first major resistance level at $263.
Support from the broader market would be needed, however, for Litecoin to break back through to $260 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $265 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 $270.
Failure to move through the $256 pivot level would bring the first majors support level at $249 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$240 levels. The second major support level at $242 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $249
Pivot Level: $256
First Major Resistance Level: $263
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 2.90% on Thursday. Partially reversing a 3.10% gain from Wednesday, Ripple’s XRP ended the day at $1.39984.
After a mixed start to the day, Ripple’s XRP fall to an early morning intraday low $1.32904 before making a move.
Steering clear of the first major support level at $1.2810, Ripple’s XRP rose to a late morning intraday high $1.41900.
Falling short of the first major resistance level at $1.4440, Ripple’s XRP fell back to sub-$1.35 levels and into the red.
Finding late support, however, Ripple’s XRP moved back through to $1.39 levels to deliver the upside on the day.
At the time of writing, Ripple’s XRP was down by 0.67% to $1.39046. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.40363 before falling to a low $1.39046.
Ripple’s XRP left the major support and resistance levels untested early on.
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