For the day ahead
Litecoin would need to avoid a fall through the $84.31 pivot to support a run at the first major resistance level at $91.88.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $88.53.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, the second major resistance level at $96.09 will come into play. The 62% FIB of $100 would likely cap any upside, however.
Failure to avoid a fall through the $84.31 pivot level would bring the first major support level at $80.10 into play.
Barring an extended sell-off on the day, however, Litecoin should steer well clear of the second major support level at $72.53.
Looking at the Technical Indicators
First Major Support Level: $80.10
Pivot Level: $84.31
First Major Resistance Level: $91.88
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rallied by 9.60% on Monday. Revering a 3.36% fall from Sunday, Ripple’s XRP ended the month up by 177.02% to $0.66415.
It was another mixed start to the day. Ripple’s XRP fell to a late morning intraday low $0.5990 before making a move.
Steering clear of the first major support level at $0.5797, Ripple’s XRP rallied to an early afternoon intraday high $0.68898.
Ripple’s XRP broke through the first major resistance level at $0.6348 and the second major resistance level at $0.6639.
The rally also saw Ripple’s XRP break back through the 23.6% FIB of $0.6274.
A late pullback, however, saw Ripple’s XRP fall back through the major resistance levels before wrapping up the day at $0.66 levels.
Finding support at the 23.6% FIB, Ripple’s XRP broke back through the first major resistance level and the second major resistance level late on.
At the time of writing, Ripple’s XRP was down by 0.41% to $0.66146. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.66909 before falling to a low $0.65728.
Ripple’s XRP left the major support and resistance levels untested early on.