For the day ahead
Litecoin would need to move through the $127.98 pivot level to support a run at the first major resistance level at $132.77.
Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $134.22 would likely cap any upside.
In the event of another extended breakout, Litecoin could test resistance at $140 before any pullback. The second major resistance level sits at $139.01.
Failure to move through the $127.98 pivot level would bring the first major support level at $121.74 into play before any recovery.
Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $116.95.
Looking at the Technical Indicators
First Major Support Level: $121.74
Pivot Level: $127.98
First Major Resistance Level: $132.77
23.6% FIB Retracement Level: $112
38.2% FIB Retracement Level: $96
62% FIB Retracement Level: $69
Ripple’s XRP rallied by 8.23% on Friday. Following on from a 3.82% gain on Thursday, Ripple’s XRP ended the day at $0.23804. It was just the 2nd daily gain in 8-days.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.21601 before finding support.
Steering clear of the first major support level at $0.2067, Ripple’s XRP rallied to a late afternoon intraday high $0.25092.
Ripple’s XRP broke through the first major resistance level at $0.2308 and the second major resistance level at $0.2421.
Coming up against resistance at $0.25, Ripple’s XRP fell back through the major resistance levels to sub-$0.23 levels.
Finding late support, however, Ripple’s XRP broke back through the first major resistance level to wrap up the day at $0.238 levels.
At the time of writing, Ripple’s XRP was down by 0.51% to $0.23682. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.23814 to a low $0.23486.
Ripple’s XRP left the major support and resistance levels untested early on.