For the day ahead
Litecoin would need to avoid the $152 pivot to bring the first major resistance level at $160 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $160 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 $170. The second major resistance level sits at $164.
A fall through the $152 pivot would bring the first major support level at $147 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$140 levels. The second major support level sits at $139.
A sustained fall through the 62% FIB of $174 led to a near-term bearish trend formation from 10th May’s swing hi $413.91.
Looking at the Technical Indicators
First Major Support Level: $147
Pivot Level: $152
First Major Resistance Level: $160
23.6% FIB Retracement Level: $188
38.2% FIB Retracement Level: $231
62% FIB Retracement Level: $301
Ripple’s XRP rose by 2.07% on Saturday. Partially reversing a 4.46% loss from Saturday, Ripple’s XRP ended the week down by 12.32% to $0.77410.
A bullish start to the day saw Ripple’s XRP rise to a mid-morning high $0.76513 before hitting reverse.
Falling short of the major resistance levels, Ripple’s XRP slid to a midday intraday low $0.69725.
The extended sell-off saw Ripple’s XRP slide through the first major support level at $0.7426 and the second major support level at $0.7247.
Steering clear of the third major support level at $0.6755, Ripple’s XRP rallied to a late intraday high $0.78398.
Falling short of the first major resistance level at $0.7919, however, Ripple’s XRP eased back to end the day at sub-$0.78 levels.
At the time of writing, Ripple’s XRP was down by 0.46% to $0.77051. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.77731 before falling to a low $0.77051.
Ripple’s XRP left the major support and resistance levels untested early on.