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

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.

(Excerpt) Read more Here | 2021-03-11 17:32:46
Image credit: source


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