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For the day ahead
Litecoin should avoid a fall across the $ 61.92 pivot to support a run at the first major resistance level at $ 65.11.
However, broader market support would be needed for Litecoin to break out of the morning high at $ 64.00.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of another sustained breakout, Litecoin will likely test the second major resistance level at $ 66.93.
Failure to avoid a downside through the pivot level of $ 61.92 would bring the first major support level at $ 60.10 into play.
Barring an extended sell-off later in the day, however, Litecoin should avoid the second major support level at $ 56.91.
Looking at the technical indicators
First major support level: $ 60.10
Pivot Level: $ 61.92
First major resistance level: $ 65.11
23.6% FIB Retracement Level: $ 45.30
38.2% FIB retracement level: $ 71
62% FIB Retracement Level: $ 100
Ripple’s XRP
Ripple’s XRP was up 5.12% on Friday. After a 3.17% gain on Thursday, Ripple’s XRP ended the day at $ 0.25864.
It was also a bullish start to the day. Ripple’s XRP moved from a morning intraday low $ 0.24554 to an afternoon intraday high $ 0.26194.
The rally saw Ripple’s XRP break through the first major resistance level at $ 0.2499 and the second major resistance level at $ 0.2538.
Failing to hit the third major resistance level at $ 0.2641, Ripple’s XRP is back to levels below $ 0.2510.
A last hour rally, however, saw Ripple’s XRP break through the second major resistance level to end the day at $ 0.258. The resistance at $ 0.26 held Ripple’s XRP at the end of the day.
At the time of writing, Ripple’s XRP was up by 0.72% to $ 0.26051. A bullish start to the day saw Ripple’s XRP rise from a morning low $ 0.25880 to a high $ 0.26099.
Ripple’s XRP left major support and resistance levels untested at the start.
