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For the day ahead
Litecoin would need to avoid a fall through the $180 pivot level to support a run at the first major resistance level at $188.
Support from the broader market would be needed, however, for Litecoin to break out from this morning’s high $184.61.
Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at 23.6% FIB of $195 before any pullback. The second major resistance level sits at $192.
Failure to avoid a fall through the $180 pivot level would bring the first major support level at $176 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$170 levels. The second major support level sits at $167.
Looking at the Technical Indicators
First Major Support Level: $176
Pivot Level: $180
First Major Resistance Level: $188
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP
Ripple’s XRP jumped by 10.37% on Friday. Following on from a 6.66% gain on Thursday, Ripple’s XRP ended the day at $0.56346.
A bullish start saw Ripple’s XRP rally from an early morning intraday low $0.51053 to a late morning intraday high $0.57628.
Ripple’s XRP broke through the first major resistance level at $0.5385 and the second major resistance level at $0.5648.
More significantly, also broke back through the 23.6% FIB of $0.5320.
Through the second half of the day, Ripple’s XRP fell back through the second major resistance level to sub-$0.55 levels.
Finding late support, however, Ripple’s XRP briefly broke back through the second major resistance level before ending the day at sub-$0.5640 levels.
At the time of writing, Ripple’s XRP was up by 0.94% to $0.56878. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.56749 to a high $0.57126.
Ripple’s XRP left the major support and resistance levels untested early on.
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