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For the day ahead

Litecoin would need to avoid a fall through the $232.93 pivot level to support a run at the first major resistance level at $245.75.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s swing hi $241.99.

Barring an extended crypto rally, the first major resistance level and resistance at $250 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $260 before any pullback. The second major resistance level sits at $254.82.

Failure to avoid a fall through the $232.93 pivot level would bring the first major support level at $223.86 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$220 levels. The second major support level sits at $211.04.

Looking at the Technical Indicators

First Major Support Level: $223.86

Pivot Level: $232.93

First Major Resistance Level: $245.75

23.6% FIB Retracement Level: $191

38.2% FIB Retracement Level: $159

62% FIB Retracement Level: $108

Ripple’s XRP

Ripple’s XRP rallied by 6.00% on Friday. Reversing a 0.54% fall from Thursday, Ripple’s XRP ended the day at $0.56451.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.51469 before finding support.

Falling through the 23.6% FIB of $0.5320, Ripple’s XRP came within range of the first major support level at $0.5144.

A late morning rally, however, saw Ripple’s XRP strike a mid-day intraday high $0.58151.

Ripple’s XRP broke through the first major resistance level at $0.5547 and the second major resistance level at $0.5775.

More significantly, Ripple’s XRP broke back through the 23.6% FIB.

An afternoon pullback saw Ripple’s XRP fall back through the major resistance levels before a late rally to $0.57 levels.

Ripple’s XRP broke back through the first major resistance level to end the day at $0.56 levels. The second major resistance level at $0.5775 capped the upside late in the day.

At the time of writing, Ripple’s XRP was down by 0.23% to $0.56320. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.56835 before falling to a low $0.56320.

Ripple’s XRP  left the major support and resistance levels untested early on.

(Excerpt) Read more Here | 2021-02-19 17:33:15

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