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For the day ahead

Litecoin would need to avoid a fall through the $134.00 pivot level to support a run at the first major resistance level at $145.76 and the 23.6% FIB of $148.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $142.00.

Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $150. The second major resistance level sits at $153.75.

Failure to avoid a fall through the $134.00 pivot level would bring first major support level at $126.01 and the 38.2% FIB of $125 into play.

Barring another extended sell-off, Litecoin should steer clear of the second major support level at $114.25.

Looking at the Technical Indicators

First Major Support Level: $126.01

Pivot Level: $134.00

First Major Resistance Level: $145.76

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP rose by 1.80% on Friday. Partially reversing a 9.43% slide from Thursday, Ripple’s XRP ended the day at $0.27282.

A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $0.24000.

Ripple’s XRP fell through the first major support level at $0.2497 before striking a late intraday high $0.27801.

Falling short of the first major resistance level at $0.2968, Ripple’s XRP eased back to end the day at $0.272 levels.

At the time of writing, Ripple’s XRP was up by 0.03% to $0.27290. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.27028 before rising to a high $0.27293.

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

(Excerpt) Read more Here | 2021-01-22 18:01:04

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