For the day ahead
Litecoin would need to move through the $228.82 pivot level to support a run at the first major resistance level at $236.94.
Support from the broader market would be needed, however, for Litecoin to break out from $235 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s new swing hi $239.11 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $250 before any pullback. The second major resistance level sits at $247.23.
Failure to move through the $228.82 pivot level would bring the first major support level at $218.53 into play.
Barring an extended sell-off, Litecoin should steer clear of the second major support level at $210.41.
Looking at the Technical Indicators
First Major Support Level: $218.53
Pivot Level: $228.82
First Major Resistance Level: $236.94
23.6% FIB Retracement Level: $189
38.2% FIB Retracement Level: $157
62% FIB Retracement Level: $107
Ripple’s XRP fell by 0.54% on Thursday. Following a 2.60% gain from Wednesday, Ripple’s XRP ended the day at $0.53199.
A bullish start to the day saw Ripple’s XRP rise to a mid-morning intraday high $0.55990 before hitting reverse.
Falling short of the first major resistance level at $0.5627, Ripple’s XRP slid to a mid-day intraday low $0.51955.
While steering clear of the first majors support level at $0.4993, Ripple’s XRP fell through the 23.6% FIB of $0.5320.
Finding late support, Ripple’s XRP broke back through the 23.6% FIB of $0.5320 to revisit $0.54 levels. A bearish end to the day, however, saw Ripple’s XRP fall back to sub-$0.5320 levels and into the red
At the time of writing, Ripple’s XRP was down by 0.13% to $0.53131. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.53587 before falling to a low $0.5300.
While leaving the major support and resistance levels untested early on, Ripple’s XRP briefly broke through the 23.6% FIB of $0.5320.