For the day ahead
Litecoin would need to avoid a fall through the $215 pivot level to support a run at the first major resistance level at $232.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $225.00.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $250 before any pullback. The second major resistance level sits at $242.
Failure to avoid a fall through the $215 pivot level would bring the first major support level at $205 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$190 levels and the second major support level at $188.
The 23.6% FIB of $195 would likely limit the downside.
Looking at the Technical Indicators
First Major Support Level: $205
Pivot Level: $215
First Major Resistance Level: $232
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP
Ripple’s XRP surged by 44.06% on Monday. Following on from a 9.69% rally on Sunday, Ripple’s XRP ended the day at $0.91431.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.62015 before making a move.
Steering clear of the first major support level at $0.5896, Ripple’s XRP surged to a late intraday high and a new swing hi $0.93953.
Ripple’s XRP broke through the day’s major resistance levels to wrap up the day at $0.91 levels for the first time since 2018.
At the time of writing, Ripple’s XRP was down by 0.13% to $0.91312. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.94396 before falling to a low $0.90712.
Ripple’s XRP left the major support and resistance levels untested early on.
