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For the day ahead
Litecoin would need to avoid the $239 pivot level to support a run at the first major resistance level at $257.
Support from the broader market would be needed, however, for Litecoin to break back through to $250 levels.
Barring an extended crypto rally, the first major resistance level and resistance at the 23.6% FIB of $262 would likely cap any upside.
In the event of a bounce back, Litecoin could test resistance at $270. The second major resistance level sits at $266.
Failure to avoid a fall through the $239 pivot level would bring the first majors support level at $230 into play.
Barring another extended sell-off, Litecoin should steer clear of the second major support level at $212. The 38.2% FIB of $217 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $230
Pivot Level: $239
First Major Resistance Level: $257
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138
Ripple’s XRP
Ripple’s XRP surged by 31.66% on Monday. Reversing a 1.88% fall from Sunday, Ripple’s XRP ended the day at $1.3650.
After a mixed start to the day, Ripple’s XRP fall to an early morning intraday low $1.01639 before making a move.
Steering clear of the first major support level at $0.9307, Ripple’s XRP jumped to a final hour intraday high $1.37241.
Ripple’s XRP broke through the first major resistance level at $1.1449 and the second major resistance level at $1.2573.
The day long rally also saw Ripple’s XRP break back through the 38.2% FIB of $1.2807 to end the day at $1.36 levels.
At the time of writing, Ripple’s XRP was up by 1.57% to $1.38645. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.34166 before rising to a high $1.39395.
Ripple’s XRP left the major support and resistance levels untested early on.
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