For the day ahead
Litecoin would need to move through the $261 pivot level and the 23.6% FIB of $262 to support a run at the first major resistance level at $282.
Support from the broader market would be needed, however, for Litecoin to break back through to $280 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $289.80 would likely cap any upside.
In the event of a bounce back, Litecoin could test resistance at $300. The second major resistance level sits at $311.
Failure to move through the $261 pivot level and the 23.6% FIB of $262 would bring the first major support level at $232 into play.
Barring another extended sell-off, Litecoin should steer clear of the 38.2% FIB of $217. The second major support level sits at $211.
Looking at the Technical Indicators
First Major Support Level: $232
Pivot Level: $261
First Major Resistance Level: $282
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138
Ripple’s XRP
Ripple’s XRP slid by 10.53% on Thursday. Following on from a 6.95% fall on Wednesday, Ripple’s XRP ended the day at $1.15592.
A mixed start to the day saw Ripple’s XRP rise to a late afternoon intraday high $1.41999 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $1.4090 before sliding to a late intraday low $1.09124.
The sell-off saw Ripple’s XRP fall through the first major support level at $1.2264 and the second major support level at $1.1627.
Ripple’s XRP also fell through the 38.2% FIB of $1.2807 to end the day at $1.16 levels.
At the time of writing, Ripple’s XRP was up by 2.55% to $1.18534. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.12243 before rising to a high $1.19117.
Ripple’s XRP left the major support and resistance levels untested early on.
