[ad_1]
For the day ahead
Litecoin should avoid a downside through the $ 82.99 pivot to support a run at the first major resistance level at $ 87.97.
However, support from the broader market would be required for Litecoin to break through the $ 85 levels.
Barring another extended cryptocurrency rally, the first major resistance level and Sunday’s high of $ 88.00 would likely limit any upside.
In the event of another extended breakout, Litecoin would likely test the second major resistance level at $ 92.99.
Failure to avoid a downside through the $ 82.99 pivot level would bring the first major support level at $ 77.97 into play.
Barring an extended sell-off later in the day, however, Litecoin should avoid the second major support level at $ 72.99.
Looking at the technical indicators
First major support level: $ 77.97
Pivot Level: $ 82.99
First major resistance level: $ 87.97
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 3.56% on Sunday. After a 40.04% rise on Saturday, Ripple’s XRP ended the week up 65.9% at $ 0.44669.
It was a mixed start to the day. Ripple’s XRP hit a morning intraday high $ 0.4980 before reversing.
Failing to hit the first major resistance level at $ 0.5122, Ripple’s XRP slid to a morning intraday low $ 0.40401.
While staying away from the first major support level at $ 0.3713, Ripple’s XRP fell through the 38.2% FIB of $ 0.4392. Ripple’s XRP revisited $ 0.475 levels in the late morning before a late morning pullback.
The pullback saw Ripple’s XRP fall back through the 38.2% FIB to $ 0.4080 before finding support. Through the 2nd Mid-day, Ripple’s XRP broke above the FIB by 38.2% to revisit $ 0.48 levels.
A bearish final hour, however, saw Ripple’s XRP slide back below $ 0.45 and end the day in the red.
At the time of writing, Ripple’s XRP was up 0.80% to $ 0.45027. A bullish start to the day saw Ripple’s XRP rise from a morning low $ 0.44603 to a high $ 0.45320.
Ripple’s XRP left the major support and resistance levels untested early on.
