For the day ahead
Litecoin would need to move through the $177 pivot to bring the 23.6% FIB of $178 and the first major resistance level at $180 into play.
Support from the broader market would be needed, however, for Litecoin to break out from the 23.6% FIB.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $182.75 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $190 before any pullback. The second major resistance level at sits $186.
Failure to move through the $177 pivot would bring the first major support level at $171 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level sits at $167.
Looking at the Technical Indicators
First Major Support Level: $171
Pivot Level: $177
First Major Resistance Level: $180
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP fell by 0.55% on Sunday. Following a 3.88% loss from Sunday, Ripple’s XRP ended the week down by 7.01% to $1.14131.
Tracking the broader market, Ripple’s XRP rallied to an early morning intraday high $1.16081 before hitting reverse.
Falling short of the first major resistance level at $1.1837, Ripple’s XRP slid to an early morning intraday low $1.11251.
Ripple’s XRP fell through the first major support level at $1.1214 before briefly revisiting $1.16 levels. A bearish end to the day, however, saw Ripple’s XRP fall back into the red.
At the time of writing, Ripple’s XRP was flat at $1.14129. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.13692 before rising to a high $1.14433.
Ripple’s XRP left the major support and resistance levels untested early on.
