For the day ahead
Litecoin would need to avoid a fall through the $77.28 pivot to support a run at the first major resistance level at $82.93.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $81.21.
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 $90 before any pullback. The second major resistance level sits at $86.85.
Failure to avoid a fall through the $77.28 pivot level would bring the first major support level at $73.36 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $67.71. The 38.2% FIB of $71 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $73.36
Pivot Level: $77.28
First Major Resistance Level: $82.93
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 3.36% on Sunday. Partially reversing an 11.57% breakout from Saturday, Ripple’s XRP ended the week up by 35.79% to $0.60568.
It was another mixed start to the day. Ripple’s XRP fell to an early morning intraday low $0.58291 before making a move.
Steering clear of the first major support level at $0.5596, Ripple’s XRP rose to a late morning intraday high $0.63799.
Ripple’s XRP broke through the 23.6% FIB of $0.6274 before hitting reverse.
Falling short of the first major resistance level at $0.6750, however, Ripple’s XRP fell back to sub-$0.59 levels.
Finding late support, however, Ripple’s XRP moved back through to $0.61 levels before falling back into the deep red.
At the time of writing, Ripple’s XRP was up by 1.92% to $0.61731. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.60595 to a high $0.61851.
Ripple’s XRP left the major support and resistance levels untested early on.