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For the day ahead
Litecoin should avoid a downside through the $ 60.58 pivot to support a run at the first major resistance level at $ 62.48.
However, support from the broader market would be needed for Litecoin to break out of Sunday’s high $ 62.07.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of a sustained breakout, Litecoin will likely test the second major resistance level at $ 63.98.
Failure to avoid a fall through the pivot level of $ 60.58 would bring the first major support level at $ 59.08 into play.
Barring an extended sell-off later in the day, however, Litecoin should avoid the second major support level at $ 57.18.
Looking at the technical indicators
First major support level: $ 59.08
Pivot Level: $ 60.58
First major resistance level: $ 62.48
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 1.79% on Sunday. Partially reversing Saturday’s 3.71% decline, Ripple’s XRP ended the week up 5.44% at $ 0.25369.
A mixed start to the day saw Ripple’s XRP drop to a morning intraday low $ 0.24784 before making a move.
Avoiding the first major support level at $ 0.2399, Ripple’s XRP hit a late afternoon intraday high of $ 0.25722.
Failing to hit the first major resistance level at $ 0.2631, Ripple’s XRP turned back to end the week below $ 0.254 levels.
At the time of writing, Ripple’s XRP was unchanged at $ 0.25370. A mixed start to the day saw Ripple’s XRP rise from a morning low $ 0.25369 to a high $ 0.25459 before easing back.
Ripple’s XRP left the major support and resistance levels untested early on.
