For the day ahead
Litecoin would need to avoid a fall through the $142.0 pivot level to support a run at the first major resistance level at $147.8 and the 23.6% FIB of $148.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $147.00.
Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $160. The second major resistance level at $152.74.
Failure to avoid a fall through the $142.0 pivot level would bring the first major support level at $137.1 into play.
Barring another extended sell-off, Litecoin should avoid the 38.2% FIB of $125. The second major support level at $131.3 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $137.1
Pivot Level: $142.0
First Major Resistance Level: $147.8
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87
Ripple’s XRP
Ripple’s XRP fell by 0.68% on Sunday. Following on from a 0.36 % decline on Saturday, Ripple’s XRP ended the week down by 11.96% to $0.27732.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.28552 before hitting reverse.
Falling short of the first major resistance level at $0.2921, Ripple’s XRP slid to a late morning intraday low $0.26854.
Ripple’s XRP fell through the first major support level at $0.2706 before finding support.
Late in the day, Ripple’s XRP broke back through the first major support level to revisit $0.28 levels before easing back.
At the time of writing, Ripple’s XRP was up by 0.20% to $0.27788. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.27603 before rising to a high $0.27864.
Ripple’s XRP left the major support and resistance levels untested early on.