For the day ahead
Litecoin would need to avoid the $347 pivot to support a run at the first major resistance level at $373.
Support from the broader market would be needed, however, for Litecoin to break back through to $370 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $400. The second major resistance level sits at $391.
Failure to avoid a fall through the $347 pivot would bring the first major support level at $329 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$300. The Second major support level at $304 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $329
Pivot Level: $347
First Major Resistance Level: $373
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138
Ripple’s XRP
Ripple’s XRP fell by 0.68% on Thursday. Following a 16.17% breakout on Wednesday, Ripple’s XRP ended the day at $1.60424.
A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $1.7647 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $1.7044 before sliding to a late afternoon intraday low $1.5400.
Finding support at the 23.6% FIB of $1.5426, Ripple’s XRP revisited $1.65 levels before falling back into the red.
At the time of writing, Ripple’s XRP was down by 0.74% to $1.59229. A mixed start to the day sw Ripple’s XRP rise to an early morning high $1.61049 before falling to a low $1.58197.
Ripple’s XRP left the major support and resistance levels untested early on.