For the day ahead

Litecoin would need to move through the $62.65 pivot to support a run at the first major resistance level at $64.22.

Support from the broader market would be needed, however, for Litecoin to break back through to $64 levels.

Barring another extended crypto rally, the first major resistance level and Sunday’s high $64.5 would likely cap any upside.

In the event of an extended breakout, Litecoin would likely test resistance at $66 before any pullback. The second major resistance level sits at $66.07.

Failure to move through the $62.65 pivot level would bring the first major support level at $60.80 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$60. The second major support level sits at $59.23.

Looking at the Technical Indicators

First Major Support Level: $60.80

Pivot Level: $62.65

First Major Resistance Level: $64.22

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 0.38% on Sunday. Following on from a 0.98% gain on Saturday, Ripple’s XRP  ended the week up by 6.29% to $0.26964.

It was a bullish start to the day. Ripple’s XRP rallied to an early morning intraday high $0.27705 before easing back.

Coming up against the first major resistance level at $0.2770, Ripple’s XRP fell back to $0.2710 levels going into the afternoon.

Through the 2nd half of the day, Ripple’s XRP briefly revisited $0.273 levels before sliding to a late intraday low $0.26429.

Steering clear of the first major support level at $0.2606, Ripple’s XRP recovered to $0.269 levels to end the day in the green.

At the time of writing, Ripple’s XRP was down by 0.35% to $0.26869. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.26926 to a low $0.26863.

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

(Excerpt) Read more Here | 2020-11-15 17:19:46
Image credit: source


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