For the day ahead
Litecoin would need to avoid a fall through the $80.72 pivot to support a run at the first major resistance level at $85.82.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $84.34.
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 the second major resistance level at $89.43 and resistance at $90.
Failure to avoid a fall through the $80.72 pivot level would bring the first major support level at $77.11 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $72.01 and 38.2% FIB of $71.
Looking at the Technical Indicators
First Major Support Level: $77.11
Pivot Level: $80.72
First Major Resistance Level: $85.82
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rose by 1.27% on Sunday. Following an 8.21% slide from Saturday, Ripple’s XRP ended the week down by 17.78% to $0.51310.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.48604 before finding support.
Steering clear of the first major support level at $0.4738, Ripple’s XRP rose to an early afternoon intraday high $0.52788.
While falling short of the first major resistance level at $0.5459, Ripple’s XRP broke through the 38.2% FIB of $0.5285.
A bearish end to the day, however, saw Ripple’s XRP fall back through the 38.2% FIB to end the day at $0.51 levels.
At the time of writing, Ripple’s XRP was down by 0.95% to $0.50822. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.51316 to a low $0.50822.
Ripple’s XRP left the major support and resistance levels untested early on.