For the day ahead
Litecoin would need to move through the $59.53 pivot to support a run at the first major resistance level at $61.60.
Support from the broader market would be needed, however, for Litecoin to break out from $60 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin would likely test resistance at $62 before any pullback. The second major resistance level sits at $63.96.
Failure to move through the $59.53 pivot level would bring the first major support level at $57.17 into play.
Barring another extended sell-off on the day, however, Litecoin should steer well clear of the second major support level at $55.10.
Looking at the Technical Indicators
First Major Support Level: $57.17
Pivot Level: $59.53
First Major Resistance Level: $61.60
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP fell by 1.23% on Monday. Partially reversing a 1.79% gain from Sunday, Ripple’s XRP ended the day at $0.25056.
A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.2560 before hitting reverse.
Falling short of the first major resistance level at $0.2580, Ripple’s XRP fell to a late morning low $0.24933.
Steering clear of the first major support level at $0.2486, Ripple’s XRP struck a late morning intraday high $0.25610.
Continuing to fall short of the first major resistance level, Ripple’s XRP fell to a late afternoon intraday low $0.24593.
Ripple’s XRP fell through the first major support level at $0.2486 before recovering to $0.25 levels.
At the time of writing, Ripple’s XRP was down by 0.45% to $0.24943. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.25055 to a low $0.24823.
Ripple’s XRP left the major support and resistance levels untested early on.