For the day ahead
Litecoin would need to avoid a fall back through the $44.26 pivot to support a run at the first major resistance level at $45.92.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $45.23.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall back through the $44.26 pivot level would bring the first major support level at $43.28 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$42 levels. The second major support level sits at $41.62.
Looking at the Technical Indicators
First Major Support Level: $43.28
Pivot Level: $44.26
First Major Resistance Level: $45.92
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP rallied by 5.23% on Thursday. Reversing a 5.02% slide from Wednesday, Ripple’s XRP ended the day at $0.23297.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.21925 before making a move.
Steering clear of the first major support level at $0.2162, Ripple’s XRP rallied to a late afternoon intraday high $0.2350.
Ripple’s XRP broke through the first major resistance level at $0.2307 to wrap up the day at $0.232 levels.
At the time of writing, Ripple’s XRP was down by 0.56% to $0.23167. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.2333 to a low $0.23156.
Ripple’s XRP left the major support and resistance levels untested early on.