For the day ahead
Litecoin would need to avoid the $122 pivot to bring the first major resistance level at $127 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $125.06.
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 $135. The second major resistance level sits at $130.
A fall through the $122 pivot would bring the first major support level at $119 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$110 levels. The second major support level at $114 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $119
Pivot Level: $122
First Major Resistance Level: $127
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP rose by 2.62% on Friday. Following a 3.99% gain on Thursday, Ripple’s XRP ended the day at $0.60913.
A bullish start to the day saw Ripple’s XRP rise to an early morning high $0.60858 before hitting reverse.
Falling short of the first major resistance level at $0.6104, Ripple’s XRP slid to a late afternoon intraday low $0.57556.
Steering clear of the first major support level at $0.5688, Ripple’s XRP rallied to a late intraday high $0.61004 before easing back.
The first major resistance level at $0.6104 pinned Ripple’s XRP back at the end of the day.
At the time of writing, Ripple’s XRP was down by 0.21% to $0.60787. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.61171 before falling to a low $0.60469.
Ripple’s XRP left the major support and resistance levels untested early on.