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For the day ahead
Litecoin should avoid a fall through the $ 84.31 pivot to support a run at the first major resistance level at $ 91.88.
However, support from the broader market would be needed for Litecoin to break out of Monday’s high of $ 88.53.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of a sustained breakout, the second major resistance level at $ 96.09 will come into play. However, the 62% FIB of $ 100 would likely limit any upside.
Failure to avoid a fall through the pivot level of $ 84.31 would bring the first major support level at $ 80.10 into play.
Barring an extended sell off later in the day, however, Litecoin should avoid the second major support level at $ 72.53.
Looking at the technical indicators
First major support level: $ 80.10
Pivot Level: $ 84.31
First major resistance level: $ 91.88
23.6% FIB Retracement Level: $ 45.30
38.2% FIB Retracement Level: $ 71
62% FIB Retracement Level: $ 100
Ripple’s XRP
Ripple’s XRP was up 9.60% on Monday. Respecting a 3.36% drop since Sunday, Ripple’s XRP ended the month up 177.02% at $ 0.66415.
It was another mixed start to the day. Ripple’s XRP fell to a morning intraday low $ 0.50 before moving on.
Avoiding the first major support level at $ 0.5797, Ripple’s XRP hit an afternoon intraday high $ 0.68898.
Ripple’s XRP broke through the first major resistance level at $ 0.6348 and the second major resistance level at $ 0.6639.
The rally also saw Ripple’s XRP break the 23.6% FIB of $ 0.6274.
A late pullback, however, saw Ripple’s XRP fall back through major resistance levels before ending the day at $ 0.66.
Finding support at 23.6% FIB, Ripple’s XRP broke through the first major resistance level and the second major resistance level eventually.
At the time of writing, Ripple’s XRP was down by 0.41% to $ 0.66146. A mixed start to the day saw Ripple’s XRP rise to a morning high $ 0.66909 before falling to a low $ 0.65728.
Ripple’s XRP left the major support and resistance levels untested early on.
