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For the day ahead
Litecoin would need to avoid the $173 pivot to bring the 23.6% FIB of $178 and the first major resistance level at $180 into play.
Support from the broader market would be needed, however, for Litecoin to break out from the 23.6% FIB.
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 $190 before any pullback. The second major resistance level at sits $184.
A fall through the $173 pivot would bring the first major support level at $169 into play.
Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $161.
Looking at the Technical Indicators
First Major Support Level: $169
Pivot Level: $173
First Major Resistance Level: $180
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP rallied by 11.15% on Friday. Reversing an 8.62% slide from Thursday, Ripple’s XRP ended the day at $1.19177.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $1.05061 before making a move.
While steering clear of the first major support level at $1.0296, Ripple’s XRP fell through the 38.2% FIB of $1.0659.
The rebound, however, saw Ripple’s XRP rally to a final hour intraday high $1.19177.
Ripple’s XRP broke through the first major resistance level at $1.1592 to end the day at $1.19 levels.
At the time of writing, Ripple’s XRP was down by 0.05% to $1.19115. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.18643 before rising to a high $1.19711.
Ripple’s XRP left the major support and resistance levels untested early on.
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