[ad_1]
For the day ahead
Litecoin would need to move through the 23.6% FIB and the $265 pivot level to support a run at the first major resistance level at $281.
Support from the broader market would be needed, however, for Litecoin to break out from $275 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $283.69 would likely cap any upside.
In the event of a bounce back, Litecoin could test resistance at $300 before any pullback. The second major resistance level sits at $299.
Failure to move through the 23.6% FIB and the $265 pivot would bring the first major support level at $246 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$240 levels. The second major support level sits at $230.
Looking at the Technical Indicators
First Major Support Level: $246
Pivot Level: $265
First Major Resistance Level: $281
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138
Ripple’s XRP
Ripple’s XRP fell by 7.70% on Monday. Following on from an 8.28% slide on Sunday, Ripple’s XRP ended the day at $1.31032.
A mixed start to the day saw Ripple’s XRP rise to a mid-morning intraday high $1.53250 before hitting reverse.
Falling short of the 23.6% FIB of $1.5426 and the first major resistance level at $1.6039, Ripple’s XRP slid to an early afternoon intraday low $1.25329.
While steering clear of the first major support level at $1.1868, Ripple’s XRP fell through the 38.2% FIB of $1.2807.
Finding late support, however, Ripple’s XRP broke back through the 38.2% FIB to revisit $1.39 levels before easing back.
At the time of writing, Ripple’s XRP was down by 1.69% to $1.28823. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.32486 before falling to a low $1.27000.
While leaving the major support and resistance levels untested, Ripple’s XRP briefly fell through the 38.2% FIB of $1.2807.
[ad_2]
