For the day ahead
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s swing hi 1.99.
Pivot Level: 2.93
Failure to avoid a fall through the 2.93 pivot level would bring the first major support level at 3.86 into play.
A late morning rally, however, saw Ripple’s XRP strike a mid-day intraday high Ripple’s XRP broke through the first major resistance level at Ripple’s XRP rallied by 6.00% on Friday. Reversing a 0.54% fall from Thursday, Ripple’s XRP ended the day at First Major Support Level: 3.86
38.2% FIB Retracement Level: 9
Litecoin would need to avoid a fall through the 2.93 pivot level to support a run at the first major resistance level at 5.75.
Falling through the 23.6% FIB of Barring an extended crypto rally, the first major resistance level and resistance at 0 would likely cap any upside.
First Major Resistance Level: 5.75
23.6% FIB Retracement Level: 1
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low Barring an extended sell-off, Litecoin should steer clear of sub-0 levels. The second major support level sits at 1.04.
In the event of an extended breakout, Litecoin could test resistance at 0 before any pullback. The second major resistance level sits at 4.82.
62% FIB Retracement Level: 8
More significantly, Ripple’s XRP broke back through the 23.6%