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For the day ahead
Litecoin would need to avoid the $191 pivot to bring the first major resistance level at $200 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $197.67.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $215. The second major resistance level sits at $207.
A fall through the $191 pivot would bring the first major support level at $185.
Barring an extended sell-off, however, Litecoin should steer clear of the second major support level at $176.
A sustained fall through the 62% FIB of $174 would form a near-term bearish trend from 10th May’s swing hi $413.91.
Looking at the Technical Indicators
First Major Support Level: $185
Pivot Level: $191
First Major Resistance Level: $200
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP
Ripple’s XRP rose by 2.06% on Thursday. After a 1.43% gain on Wednesday, Ripple’s XRP ended the day at $1.04516.
A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $1.00794 before making a move.
Steering clear of the first major support level at $0.9887, Ripple’s XRP rallied to a late morning intraday high $1.07773.
Ripple’s XRP broke through the first major resistance level at $1.0569 before a slide back to $1.02 levels and into the red.
A late move back through to $1.04 levels, however, delivered the upside on the day.
At the time of writing, Ripple’s XRP was up by 0.45% to $1.04049. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.04382 before falling to a low $1.04049.
Ripple’s XRP left the major support and resistance levels untested early on.
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