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Litecoin would need to avoid a fall through the 62% FIB of $174 and the $170 pivot to bring the first major resistance level at $201 into play.<\/p>\n
Support from the broader market would be needed, however, for Litecoin to break through to $200 levels.<\/p>\n
Barring an extended crypto rally, the first major resistance level would likely cap any upside.<\/p>\n
In the event of an extended breakout, Litecoin could test resistance at $220. The second major resistance level sits at $216.<\/p>\n
Failure to avoid a fall through the 62% FIB and the $170 pivot would bring the first major support level at $155 into play.<\/p>\n
Barring another extended sell-off, however, Litecoin should steer clear of sub-$150 levels. The second major support level sits at $125.<\/p>\n
A sustained fall through the 62% FIB of $174 would form a near-term bearish trend from 10th<\/sup> May\u2019s swing hi $413.91.<\/p>\n
First Major Support Level: $155<\/p>\n
Pivot Level: $170<\/p>\n
First Major Resistance Level: $201<\/p>\n
23.6% FIB Retracement Level: $322<\/p>\n
38.2% FIB Retracement Level: $265<\/p>\n
62% FIB Retracement Level: $174<\/p>\n
Resistance at $1.00 pegged Ripple\u2019s XRP back late in the day.<\/p>\n
Ripple\u2019s XRP left the major support and resistance levels untested early on.<\/p>\n<\/div>\n
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