For the day ahead
Litecoin would need to avoid a fall through the $151.92 pivot level to support a run at the first major resistance level at $160.22.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $156.99.
Barring an extended crypto rally, the first major resistance level 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 $165.28.
Failure to avoid a fall through the $151.92 pivot level would bring the 23.6% FIB of $148 and the first major support level at $146.86 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$140 levels. The second major support level sits at $138.56.
Looking at the Technical Indicators
First Major Support Level: $146.86
Pivot Level: $151.92
First Major Resistance Level: $160.22
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87
Ripple’s XRP
Ripple’s XRP rose by 1.49% on Friday. Following a 12.12% jump on Thursday, Ripple’s XRP ended the day at $0.45276.
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.47230 before hitting reverse.
Falling short of the first major resistance level at $0.4917, Ripple’s XRP slid to a late morning intraday low $0.42657.
Steering well clear of the 38.2% FIB of $0.4070 and the first major support level at $0.3905, Ripple’s XRP revisited $0.46 levels before easing back.
At the time of writing, Ripple’s XRP was down by 0.01% to $0.45273. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.45688 before falling to a low $0.44863.
Ripple’s XRP left the major support and resistance levels untested early on.