for the next day
Litecoin will need to avoid a pullback across the $315 pivot to support the run at 23.6% FIB and the first major resistance level at $339.
Support from the broader market will be needed, but Litecoin is for a return to the $330 levels.
Barring an extended crypto rally, the first major resistance level and Thursday high at $336 are likely to be capped for any upside move.
In the event of an extended breakout, Litecoin could test the resistance at $350. The second major resistance level is at $360.
Failure to avoid a pullback through the $315 pivot will trigger the first major support level at $294.
Barring another extended sell off, Litecoin should move away from the second major support level at $270.
Looking at technical indicators
First Major Support Level: $294
Pivot level: $315
First major resistance level: $339
23.6% Fib Retracement Level: $322
38.2% Fib Retracement Level: $265
62% Fib Retracement Level: $174
XRP of Ripple is up 8.67% on Thursday. After partially reversing its 15.2% drop from Wednesday, XRP finished the day at $1.36,387.
A mixed start to the day saw Ripple XRP drop to an intraday early morning low of $1.2000 before making any move.
Moving away from the first major support level at $1.1483, Ripple XRP reached an intraday high at $1.38951.
While away from the first major resistance at $1.4543, XRP broke through the 23.6% Fib of $1.2807 before bouncing back in the opposite direction.
The reversal saw Ripple’s XRP slip through 23.6% FIB to $1.22 before a late bounce back to $1.36 levels.
At the time of writing, Ripple’s XRP is up 0.12% to $1.36,556. A mixed start to the day saw Ripple XRP drop to an early morning low at $1.35,526 before climbing to $1.37,498.
Ripple’s XRP left key support and resistance levels untested early on.