For the day ahead
Litecoin would need to avoid the $130 pivot to bring the first major resistance level at $135 into play.
Support from the broader market would be needed, however, for Litecoin to break out from the morning high $133.27.
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 resistance at $140. The second major resistance level sits at $138.
A fall through the $130 pivot would bring the first major support level at $127 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level at $122 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $127
Pivot Level: $130
First Major Resistance Level: $135
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP rose by 5.04% on Sunday. Following a 0.81% gain from Saturday, Ripple’s XRP ended the week down by 16.30% to $0.64794.
A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.63205 before hitting reverse.
Falling short of the first major resistance level at $0.6382, Ripple’s XRP slid to a late intraday low $0.59724.
Steering clear of the first major support level at $0.5880, however, Ripple’s XRP rallied to a late intraday high $0.65238.
Ripple’s XRP broke through the first major resistance level at $0.6382 to end the day at $0.64 levels.
At the time of writing, Ripple’s XRP was down by 1.06% to $0.64106. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.65363 before falling to a low $0.64106
Ripple’s XRP left the major support and resistance levels untested early on.
