For the day ahead
Litecoin would need to avoid a fall through the $191 pivot level to support a run at the 23.6% FIB of $195 and the first major resistance level at $200.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $197.54.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $215 before any pullback. The second major resistance level sits at $206.
Failure to avoid a fall through the $191 pivot level would bring the first major support level at $185 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$180 levels. The second major support level sits at $176.
Looking at the Technical Indicators
First Major Support Level: $185
Pivot Level: $191
First Major Resistance Level: $200
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP
Ripple’s XRP rose by 3.41% on Monday. Following on from a 0.05% rise on Sunday, Ripple’s XRP ended the day at $0.056522.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.54341 before making a move.
Steering clear of the first major support level at $0.5384, Ripple’s XRP rallied to a late afternoon intraday high $0.57088.
Ripple’s XRP broke through the first major resistance level at $0.5584 and the second major resistance level at $0.5692.
Falling short of $0.58 levels, Ripple’s XRP fell back through the second major resistance level to end the day at $0.565 levels.
At the time of writing, Ripple’s XRP was down by 0.17% to $0.56427. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.56606 before falling to a low $0.56380.
Ripple’s XRP left the major support and resistance levels untested early on.
