For the day ahead
Litecoin would need to move through the $186 pivot to bring the first major resistance level at $219 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $200 levels.
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 $220. The second major resistance level sits at $249.
Failure to move through the $186 pivot would bring the 62% FIB of $174 and the first major support level at $152 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$150 levels. The second major support level sits at $123.
A sustained fall through the 62% FIB would form a near-term bearish trend from 10th May’s swing hi $413.91.
Looking at the Technical Indicators
First Major Support Level: $152
Pivot Level: $186
First Major Resistance Level: $219
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP
Ripple’s XRP slid by 14.59% on Friday. Reversing an 11.42% gain from Thursday, Ripple’s XRP ended the day $1.00921.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.22081 before hitting reverse.
Falling short of the 38.2% FIB of $1.2807 and the major resistance levels, Ripple’s XRP slid to a late intraday low $0.8646.
The extended sell-off saw Ripple’s XRP fall through the first major support level at $0.9868 before finding support.
Steering clear of the 62% FIB of $0.8573, Ripple’s XRP broke back through the first major support level to end the day at $1.00 levels.
At the time of writing, Ripple’s XRP was down by 1.74% to $0.99169. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.01733 before falling to a low $0.99077.
Ripple’s XRP left the major support and resistance levels untested early on.