For the day ahead
Litecoin would need to move through the $248 pivot level to support a run at the first major resistance level at $255.
Support from the broader market would be needed, however, for Litecoin to break out from $250 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $258.69 would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $270 before any pullback. The second major resistance level sits at $266.
Failure to move through the $248 pivot level would bring the first major support level at $237 into play.
Barring an extended sell-off, Litecoin should steer well clear of the second major support level at $229.
Looking at the Technical Indicators
First Major Support Level: $237
Pivot Level: $248
First Major Resistance Level: $255
23.6% FIB Retracement Level: $207
38.2% FIB Retracement Level: $172
62% FIB Retracement Level: $116
Ripple’s XRP
Ripple’s XRP rallied by 8.71% on Monday. Reversing a 1.32% fall from Sunday, Ripple’s XRP ended the day at $1.46819.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.31763 before making a move.
Steering clear of the first major support level at $1.2623, Ripple’s XRP rallied to a final hour intraday high $1.47648.
Ripple’s XRP broke through the first major resistance level at $1.4696 before easing back.
At the time of writing, Ripple’s XRP was down by 1.09% to $1.45222. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.47955 before falling to a low $1.44571.
Ripple’s XRP left the major support and resistance levels untested early on.