For the day ahead
Litecoin would need to avoid a fall through the $78.89 pivot to support a run at the first major resistance level at $86.25.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $83.50.
Barring another extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another extended breakout, Litecoin would likely test resistance at $90 before any pullback. The second major resistance level sits at $90.86.
Failure to avoid a fall through the $78.89 pivot level would bring the first major support level at $74.28 into play.
Barring another extended sell-off on the day, however, Litecoin should steer clear of sub-$70. The 38.2% FIB of $71 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $74.28
Pivot Level: $78.89
First Major Resistance Level: $86.25
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rallied by 3.42% on Thursday. Reversing a 3.01% slide from Wednesday, Ripple’s XRP ended the day at $0.30386.
It was a mixed start to the day. Ripple’s XRP rose to an early morning high $0.2963 before hitting reverse.
Falling short of the first major resistance level at $0.3077, Ripple’s XRP slid to a late morning intraday low $0.28424.
Steering clear of the first major support level at $0.2800, however, Ripple’s XRP rallied to a late intraday high $0.30694.
Coming within range of the first major resistance level at $0.3077, Ripple’s XRP fell back to sub-$0.30 before finding support.
A late recovery saw Ripple’s XRP return to $0.30 levels to deliver the upside for the day.
At the time of writing, Ripple’s XRP was down by 0.10% to $0.30356. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.30193 before rising to a high $0.30413.
Ripple’s XRP left the major support and resistance levels untested early on.