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For the day ahead
Litecoin would need to avoid the $181 pivot to bring the first major resistance level at $187 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $185 levels.
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 $195 before any pullback. The second major resistance level at sits $191.
A fall through the $181 pivot would bring the 23.6% FIB of $178 and the first major support level at $177 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level at $171 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $177
Pivot Level: $181
First Major Resistance Level: $187
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP rose by 2.39% on Friday. Following a 7.82% rally on Thursday, Ripple’s XRP ended the day at $1.26451.
Tracking the broader market, Ripple’s XRP fell to a mid-morning intraday low $1.20029 before making a move.
Steering clear of the first major support level at $1.1385, Ripple’s XRP rallied to a late afternoon intraday high $1.28974.
Ripple’s XRP broke through the first major resistance level at $1.2826 before easing back to $1.26 levels.
At the time of writing, Ripple’s XRP was down by 1.21% to $1.24916. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.26299 to a low $1.24633.
Ripple’s XRP left the major support and resistance levels untested early on.
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