For the day ahead

Litecoin would need to avoid a fall through the $45.52 pivot to support a run at the first major resistance level at $47.05.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $46.55.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

Failure to avoid a fall through the $45.52 pivot level would bring the first major support level at $44.50 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$43 levels. The second major support level sits at $42.97.

Looking at the Technical Indicators

First Major Support Level: $44.50

Pivot Level: $45.52

First Major Resistance Level: $47.05

23.6% FIB Retracement Level: $54

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP rose by 3.73% on Friday. Following on from a 5.23% rally on Thursday, Ripple’s XRP ended the day at $0.24168.

Tracking the broader market, Ripple’s XRP fell to a late morning intraday low $0.2299 before making a move.

Steering clear of the first major support level at $0.2231, Ripple’s XRP rallied to a late intraday high $0.24470.

Ripple’s XRP broke through the first major resistance level at $0.2389 and the second major resistance level at $0.2448.

A late pullback, however, saw Ripple’s XRP fall back through the second major resistance level to end the day a $0.24168.

At the time of writing, Ripple’s XRP was up by 0.42% to $0.24269. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.24174 to a high $0.24269.

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

(Excerpt) Read more Here | 2020-09-25 17:28:02
Image credit: source

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