For the day ahead
Litecoin would need to avoid a fall through the $199 pivot level to support a run at the first major resistance level at $206.
Support from the broader market would be needed, however, for Litecoin to break out from $205 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $215 before any pullback. The second major resistance level sits at $211.
Failure to avoid a fall through the $199 pivot level would bring 23.6% FIB of $195 and the first major support level at $194 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$190 levels. The second major support level sits at $186.
Looking at the Technical Indicators
First Major Support Level: $194
Pivot Level: $199
First Major Resistance Level: $206
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP fell by 2.06% on Thursday. Following a 4.77% slide on Wednesday, Ripple’s XRP ended the day at $0.45208.
It was another choppy day. Ripple’s XRP rose to an early morning intraday high $0.46384 before hitting reverse.
While falling short of the first major resistance level at $0.4823, Ripple’s XRP broke through the 38.2% FIB of $0.4632.
The reversal saw Ripple’s XRP slide to a late morning intraday low $0.44100. Ripple’s XRP fell through the first major support level at $0.4488.
Finding late morning support, Ripple’s XRP revisited $0.458 levels before easing back.
The first major support level at $0.4488 was tested for a 2nd time late in the day before a recovery to $0.45 levels.
At the time of writing, Ripple’s XRP was down by 0.59% to $0.44940. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.45353 before falling to a low $0.44916.
Ripple’s XRP left the major support and resistance levels untested early on.