For the day ahead

Litecoin would need to avoid a fall through the $47.46 pivot to support a run at the first major resistance level at $48.10.

Support from the broader market would be needed, however, for Litecoin to break back through to $48 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $47.98 would likely cap any upside.

In the event of another breakout, Litecoin would likely test resistance at $49 before any pullback. The second major resistance level sits at $48.63.

Failure to avoid a fall through the $47.46 pivot level would bring the first major support level at $46.93 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $46.29.

Looking at the Technical Indicators

First Major Support Level: $46.93

Pivot Level: $47.46

First Major Resistance Level: $48.1

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP rose by 0.63% on Sunday. Following on from a 0.17% gain on Saturday, Ripple’s XRP ended the week down by 5.21% to $0.24216.

A bullish start to the day saw Ripple’s XRP rise from an early morning intraday low $0.24040 to an early afternoon intraday high $0.24342.

Ripple’s XRP broke through the first major resistance level at $0.2428 before falling back to sub-$0.2425 levels.

At the time of writing, Ripple’s XRP was up by 0.27% to $0.24281. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.24229 to a high $0.24281.

Ripple’s XRP left the major support and resistance levels untested early on.

(Excerpt) Read more Here | 2020-10-18 17:28:58
Image credit: source

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