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For the day ahead
Litecoin is expected to cross the $ 82.92 pivot to support a run at the first major resistance level at $ 85.66.
However, support from the broader market would be needed for Litecoin to return to $ 85 levels.
Barring another 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 $ 88.67.
Failure to break out of the $ 82.92 rotation level would bring the first major support level at $ 79.91 into play.
Barring an extended sell-off later in the day, however, Litecoin should avoid the second major support level at $ 77.17.
Looking at the technical indicators
First major support level: $ 79.91
Pivot Level: $ 82.92
First major resistance level: $ 85.66
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 8.71% on Friday. After a 3.42% rally on Thursday, Ripple’s XRP ended the day at $ 0.33041.
It was a mixed start to the day. Ripple’s XRP fell to a morning intraday low $ 0.29727 before moving on.
Avoiding the first major support level at $ 0.2898, however, Ripple’s XRP rose to a last-hour intraday high $ 0.33113.
Ripple’s XRP broke through the first major resistance level at $ 0.3125 and the second major resistance level at $ 0.3210.
At the time of writing, Ripple’s XRP was up 3.43% to $ 0.34175. A bullish start to the day saw Ripple’s XRP rise from a morning low $ 0.32997 to a high $ 0.34410
Ripple’s XRP broke through the first major resistance level at $ 0.3419.
