For the day ahead
Barring an extended sell-off, Litecoin should steer clear of the 23.6% FIB of 0. The second major support level sits at 5.
First Major Resistance Level: 0
Ripple’s XRP fell through the first major support level at .6468 and the second major support level at .5343.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the 8 pivot level would bring the first major support level at 7 into play.
Steering clear of sub-.40 levels, Ripple’s XRP revisited .75 levels before falling back into the deep red.
Looking at the Technical Indicators
In the event of an extended rally, Litecoin could test resistance at 0 before any pullback. The second major resistance level sits at 2.
Ripple’s XRP slid by 11.92% on Friday. Following on from a 4.17% decline on Thursday, Ripple’s XRP ended the day at .54981.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high .80892 before hitting reverse.
23.6% FIB Retracement Level: 0
Litecoin would need to avoid a fall through the 8 pivot level to support a run at the first major resistance level at 0.
62% FIB Retracement Level: 8
First Major Support Level: 7
Falling short of the first major resistance level at .8777, Ripple’s XRP slid to a late morning intraday low .42051.
38.2% FIB Retracement Level: 7
Pivot Level: 8
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s swing hi 9.94.