For the day ahead
Litecoin would need to move through the 23.6% FIB of $148 and the $148.47 pivot level to support a run at the first major resistance level at $155.79.
Support from the broader market would be needed, however, for Litecoin to break through to $155 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $158.99 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $170 before any pullback. The second major resistance level sits at $166.30.
Failure to move through the 23.6% FIB and the $148.47 pivot level would bring the first major support level at $137.96 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$135 levels. The second major support level sits at $130.64.
Looking at the Technical Indicators
First Major Support Level: $137.96
Pivot Level: $148.47
First Major Resistance Level: $155.79
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87
Ripple’s XRP
Ripple’s XRP jumped by 12.12% on Thursday. Following on from a 6.58% rally on Wednesday, Ripple’s XRP ended the day at $0.44619.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.38024 before making a move.
Steering clear of the first major support level at $0.3746, Ripple’s XRP rallied to a late intraday high $0.48151.
Ripple’s XRP broke through the first major resistance level at $0.4202 and the second major resistance level at $0.4424.
More significantly, Ripple’s XRP broke back through the 38.2% FIB of $0.4070.
Falling short of the third major resistance level at $0.4880, Ripple’s XRP slid back to end the day at sub-$0.45 levels.
The second major resistance level at $0.4424 provided support late in the day.
At the time of writing, Ripple’s XRP was up by 0.57% to $0.44873. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.44611 to a high $0.45697.
Ripple’s XRP left the major support and resistance levels untested early on.