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For the day ahead
Litecoin should avoid a fall through the 38.2% FIB and $ 70.21 pivot to support a run to the first major resistance level at $ 78.27.
However, support from the broader market would be needed for Litecoin to exceed $ 75.
Barring another extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of another sustained breakout, Litecoin would likely test resistance at $ 85 before any pullback. The second major resistance level is found at $ 82.70.
Failure to avoid a fall through 38.2% FIB and the pivot level of $ 70.21 would bring the first major support level at $ 65.78 into play.
Barring an extended sell-off later in the day, however, Litecoin is expected to avoid $ 60. The second major support level is at $ 57.72.
Looking at the technical indicators
First major support level: $ 65.78
Pivot Level: $ 70.21
First major resistance level: $ 78.27
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 7.03% on Monday. After a 0.38% gain on Sunday, Ripple’s XRP ended the day at $ 0.28817.
It was a mixed start to the day. Ripple’s XRP fell to a morning intraday low $ 0.26767 before moving on.
Avoiding the first major support level at $ 0.2636, Ripple’s XRP hit a last-hour intraday high $ 0.28989.
Ripple’s XRP broke through the first major resistance level at $ 0.2764 and the second major resistance level at $ 0.2831.
The resistance at $ 0.29 held Ripple’s XRP at the end of the day.
At the time of writing, Ripple’s XRP was up 1.65% to $ 0.29292. A mixed start to the day saw Ripple’s XRP drop to a morning low of $ 0.28771 before climbing to a high of $ 0.29347.
Ripple’s XRP left the major support and resistance levels untested early on.
