[ad_1]
For the day ahead
Litecoin should avoid a fall through the $ 64.28 pivot to support a run at the first major resistance level at $ 68.39.
However, support from the broader market would be needed for Litecoin to break out of Thursday’s high of $ 66.66.
Barring another extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of a sustained breakout, Litecoin would likely test resistance at $ 70 before any pullback. The second major resistance level is found at $ 70.77, with 38.2% of the FIB at $ 71.
Failure to avoid a fall through the pivot level of $ 64.28 would bring the first major support level at $ 61.90 into play.
Barring an extended sell-off later in the day, however, Litecoin is expected to avoid $ 60. The second major support level is at $ 57.79.
Looking at the technical indicators
First major support level: $ 61.90
Pivot level: $ 64.28
First major resistance level: $ 68.39
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 4.31% on Friday. Reversing a 0.45% loss since Thursday, Ripple’s XRP ended the day at $ 0.26598.
It was an unstable start to the day. Ripple’s XRP fell to a mid-morning intraday low $ 0.25413 before moving on.
Avoiding the first major support level at $ 0.2524, Ripple’s XRP rose to an intraday high $ 0.26598.
Ripple’s XRP broke through the first major resistance level at $ 0.2579 and the second major resistance level at $ 0.2608.
Upon entering the range of the third major resistance level at $ 0.2663, Ripple’s XRP briefly fell to $ 0.263 levels.
Finding support late, however, Ripple’s XRP plunged back to $ 0.265 levels to end a bullish day.
At the time of writing, Ripple’s XRP was down 0.52% to $ 0.26459. A mixed start to the day saw Ripple’s XRP rise to a morning high $ 0.26750 before falling to a low $ 0.26459.
Ripple’s XRP left the major support and resistance levels untested early on.
