For the day ahead
Litecoin would need to move through the $181 pivot to bring the first major resistance level at $196 into play.
Support from the broader market would be needed, however, for Litecoin to breakout from $190 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $198.92 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $210. The second major resistance level sits at $214.
Failure to move through the $181 pivot would bring the 62% FIB of $174 and the first major support level at $162 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$160. The second major support level sits at $147.
A sustained fall through the 62% FIB of $174 would form a near-term bearish trend from 10th May’s swing hi $413.91.
Looking at the Technical Indicators
First Major Support Level: $162
Pivot Level: $181
First Major Resistance Level: $196
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP
Ripple’s XRP slid by 7.71% on Friday. Following a 5.79% fall on Thursday, Ripple’s XRP ended the day at $0.89936.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.98495 before hitting reverse.
Falling short of the first major resistance level at $1.0317, Ripple’s XRP tumbled to a late morning intraday low $0.84603.
Ripple’s XRP fell through the first major support level at $0.9224 and the second major support level at $0.8739.
The extended sell-off also saw Ripple’s XRP fall through the 62% FIB of $0.8573 before briefly revisiting $0.91 levels.
A bearish end to the day, however, saw Ripple’s XRP fall back to end the day at sub-$0.90 levels.
Support at the second major support level at $0.8739 and the 62% FIB of $0.8573 were both tested late in the day.
At the time of writing, Ripple’s XRP was down by 0.21% to $0.89744. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.90727 before falling to a low $0.89653.
Ripple’s XRP left the major support and resistance levels untested early on.
