For the day ahead
Litecoin would need to avoid a fall back through the $271 pivot level to support a run at the first major resistance level at $276.
Support from the broader market would be needed, however, for Litecoin to break out $275 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $280 would likely cap any upside.
In the event of another breakout, Litecoin could test resistance at $290. The second major resistance level sits at $283.
Failure to avoid a fall back through the $271 pivot level would bring the first majors support level at $264 and the 23.6% FIB of $262 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$260 levels. The second major support level sits at $258.
Looking at the Technical Indicators
First Major Support Level: $264
Pivot Level: $271
First Major Resistance Level: $276
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138
Ripple’s XRP
Ripple’s XRP slid by 5.72% on Sunday. Reversing a 3.31% gain from Saturday, Ripple’s XRP ended the week up by 51.33% to $1.56244.
A bearish start to the day saw Ripple’s XRP fall from an early morning intraday high $1.65732 to an early morning intraday low $1.52578.
Ripple’s XRP fell through the first major support level at $1.5645 and the 23.6% FIB of $1.5426 before finding support.
Steering clear of sub-$1.50 support levels, Ripple’s XRP revisited $1.60 levels before easing back.
The late pullback saw Ripple’s XRP fall back through the first major support level to end the day at $1.562 levels.
At the time of writing, Ripple’s XRP was up by 2.77% to $1.60576. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.5550 before rising to a high $1.62204.
Ripple’s XRP left the major support and resistance levels untested early on.
