For the day ahead
Litecoin would need to avoid a fall through the $46.75 pivot to support a run at the first major resistance level at $48.00.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $47.49.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, Litecoin could test the second major resistance level at $48.74.
Failure to avoid a fall through the $46.75 pivot level would bring the first major support level at $46.01 into play.
Barring another extended sell-off on the day, however, Litecoin should steer clear of sub-$45 levels. The second major support level sits at $44.76.
Looking at the Technical Indicators
First Major Support Level: $46.01
Pivot Level: $46.75
First Major Resistance Level: $48.00
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP rose by 1.01% on Thursday. Following a 1.31% gain on Wednesday, Ripple’s XRP ended the day at $0.25145.
It was also a bearish start to the day. Ripple’s XRP fell to a late morning intraday low $0.24225 before making a move.
Finding support at the first major support level at $0.2428, Ripple’s XRP rose to a late intraday high $0.25300.
Coming up against the first major resistance level at $0.2530, Ripple’s XRP eased back to end the day at sub-$0.2514 levels.
At the time of writing, Ripple’s XRP was up by 0.11% to $0.25173. A relatively bullish start to the day saw Ripple’s XRP rise from an early morning low $0.25142 to a high $0.25192.
Ripple’s XRP left the major support and resistance levels untested early on.