For the day ahead
Litecoin would need to move through the $45.71 pivot to support a run at the first major resistance level at $46.63.
Support from the broader market would be needed, however, for Litecoin to break back through to $46 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, the second major resistance level at $48.04 could come into play.
Failure to move through the $45.71 pivot level would bring the first major support level at $44.30 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $43.38.
Looking at the Technical Indicators
First Major Support Level: $44.30
Pivot Level: $45.71
First Major Resistance Level: $46.63
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP fell by 1.06% on Monday. Reversing a 0.69% gain from Sunday, Ripple’s XRP ended the day at $0.24079.
A bullish start to the day saw Ripple’s XRP rally to a late afternoon intraday high $0.2550 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $0.2463 and the second major resistance level at $0.2492.
The reversal saw Ripple’s XRP slide to a final hour intraday low $0.2396.
While falling back through the resistance levels, Ripple’s XRP avoided the first major support level at $0.2389.
At the time of writing, Ripple’s XRP was up by 0.25% to $0.24138. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.24001 before rising to a high $0.24185.
Ripple’s XRP left the major support and resistance levels untested early on.
