For the day ahead
Litecoin would need to avoid a fall back through the $171.00 pivot level to support a run at the first major resistance level at $180.00.
Support from the broader market would be needed, however, for Litecoin to break out $175 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $181.25 would likely cap any upside.
In the event of another extended breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $190.25.
Failure to avoid a fall back through the $171.00 pivot level would bring the first major support level at $160.75 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$160 levels. The second major support level sits at $151.75.
Looking at the Technical Indicators
First Major Support Level: $160.75
Pivot Level: $171.00
First Major Resistance Level: $180.00
23.6% FIB Retracement Level: $144
38.2% FIB Retracement Level: $122
62% FIB Retracement Level: $85
Ripple’s XRP
Ripple’s XRP surged by 29.93% on Thursday. Following on from a 9.97% rally on Wednesday, Ripple’s XRP ended the day at $0.32407.
A bullish day saw Ripple’s XRP rally from an early morning intraday low $0.24613 to a late afternoon intraday high $0.37168.
Ripple’s XRP broke through the day’s major resistance levels and the 23.6% FIB of $0.3171 before a pullback to sub-$0.30 levels.
The pullback saw Ripple’s XRP fall back through the third major resistance level at $0.3577 and the second major resistance level at $0.3034
Ripple’s XRP also fell back through the 23.6% FIB before revisiting $0.34 levels.
A 2nd pullback saw Ripple’s XRP fall back through the second major resistance level and the 23.6% FIB to $0.29 levels.
Finding late support, however, Ripple’s XRP broke back through the second major resistance level at $0.3034.
Ripple’s XRP also broke back through 23.6% FIB to wrap up the day at $0.32 levels.
At the time of writing, Ripple’s XRP was up by 5.97% to $0.34342. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.32245 to a high $0.34626.
Ripple’s XRP left the major support and resistance levels untested early on.