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For the day ahead
Litecoin would need to avoid a fall through the $298 pivot level to support a run at the first major resistance level at $330.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s swing hi $319.94.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $350 before any pullback. The second major resistance level sits at $352.
Failure to avoid a fall through the $298 pivot level would bring the first major support level at $277 into play.
Barring an extended sell-off, Litecoin should steer clear of the 23.6% FIB of $250. The second major support level sits at $245.
Looking at the Technical Indicators
First Major Support Level: $277
Pivot Level: $298
First Major Resistance Level: $330
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138
Ripple’s XRP
Ripple’s XRP slid by 11.92% on Friday. Following on from a 4.17% decline on Thursday, Ripple’s XRP ended the day at $1.54981.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.80892 before hitting reverse.
Falling short of the first major resistance level at $1.8777, Ripple’s XRP slid to a late morning intraday low $1.42051.
Ripple’s XRP fell through the first major support level at $1.6468 and the second major support level at $1.5343.
Steering clear of sub-$1.40 levels, Ripple’s XRP revisited $1.75 levels before falling back into the deep red.
The sell-off saw Ripple’s XRP fall back through the first major support level to end the day at sub-$1.60 levels.
At the time of writing, Ripple’s XRP was up by 0.86% to $1.56312. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.5390 before rising to a high $1.56443.
Ripple’s XRP left the major support and resistance levels untested early on.
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