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

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.

(Excerpt) Read more Here | 2020-09-24 19:14:14
Image credit: source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.