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For the day ahead
Litecoin should break above the pivot of $ 62.65 to support a run at the first major resistance level at $ 64.22.
However, support from the broader market would be needed for Litecoin to return to $ 64 levels.
Barring another extended cryptocurrency rally, the first major resistance level and Sunday’s high of $ 64.5 would likely limit any upside.
In the event of a sustained breakout, Litecoin would likely test resistance at $ 66 before any pullback. The second major resistance level is found at $ 66.07.
Failure to break out of the $ 62.65 rotation level would bring the first major support level at $ 60.80 into play.
Barring an extended sell-off later in the day, however, Litecoin is expected to avoid $ 60. The second major support level sits at $ 59.23.
Looking at the technical indicators
First major support level: $ 60.80
Pivot Level: $ 62.65
First major resistance level: $ 64.22
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 0.38% on Sunday. After a 0.98% gain on Saturday, Ripple’s XRP ended the week up 6.29% at $ 0.26964.
It was a bullish start to the day. Ripple’s XRP rose to a morning intraday high $ 0.27705 before easing back.
Entering the first major resistance level at $ 0.2770, Ripple’s XRP fell to $ 0.2710 levels in the afternoon.
Through the 2nd Mid-day, Ripple’s XRP briefly revisited $ 0.273 levels before sliding to an intraday low $ 0.26429.
Avoiding the first major support level at $ 0.2606, Ripple’s XRP rallied to $ 0.269 to end the day positively.
At the time of writing, Ripple’s XRP was down 0.35% to $ 0.26869. A bearish start to the day saw Ripple’s XRP fall from a morning high of $ 0.26926 to a low of $ 0.26863.
Ripple’s XRP left the major support and resistance levels untested early on.
