For the day ahead
Litecoin would need to move through the $107.99 pivot to support a run at the first major resistance level at $115.32.
Support from the broader market would be needed, however, for Litecoin to break out from $115 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $118.87 would likely cap any upside.
In the event of an extended breakout, Litecoin could resistance at $130 before any pullback. The second major resistance level sits at $126.21.
Failure to move through the $107.99 pivot level would bring the 23.6% FIB and the first major support level at $97.10 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$90 levels. The second major support level sits at $89.77.
Looking at the Technical Indicators
First Major Support Level: $97.10
Pivot Level: $107.99
First Major Resistance Level: $115.32
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP slid by 7.43% on Monday. Following on from a 3.58% decline on Sunday, Ripple’s XRP ended the day at $0.51467.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.5690 before hitting reverse.
Falling short of the first major resistance level at $0.5857, Ripple’s XRP slid to a mid-day intraday low $0.49924.
Ripple’s XRP fell through the 38.2% FIB of $0.5285 and the first major support level at $0.5278.
Finding support at the second major support level at $0.4992, however, Ripple’s XRP briefly revisited $0.53 levels before falling back to $0.51 levels.
The pullback saw Ripple’s XRP fall back through the 38.2% FIB and the first major support level.
At the time of writing, Ripple’s XRP was up by 1.32% to $0.52146. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.51262 before rising to a high $0.52188.
Ripple’s XRP left the major support and resistance levels untested early on.
