For the day ahead
Litecoin would need to move through the $228.82 pivot level to support a run at the first major resistance level at $236.94.
Support from the broader market would be needed, however, for Litecoin to break out from $235 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s new swing hi $239.11 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $250 before any pullback. The second major resistance level sits at $247.23.
Failure to move through the $228.82 pivot level would bring the first major support level at $218.53 into play.
Barring an extended sell-off, Litecoin should steer clear of the second major support level at $210.41.
Looking at the Technical Indicators
First Major Support Level: $218.53
Pivot Level: $228.82
First Major Resistance Level: $236.94
23.6% FIB Retracement Level: $189
38.2% FIB Retracement Level: $157
62% FIB Retracement Level: $107
Finding late support, Ripple’s XRP broke back through the 23.6% FIB of $0.5320 to revisit $0.54 levels. A bearish end to the day, however, saw Ripple’s XRP fall back to sub-$0.5320 levels and into the red
Tags: Litecoin price