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For the day ahead
Litecoin would need to move through the $300 pivot to bring the first major resistance level at $320 and the 23.6% FIB of $322 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $310 levels.
Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $350. The second major resistance level sits at $345.
Failure to move through the $300 pivot would bring the first major support level at $276 into play.
Barring another extended sell-off, however, Litecoin should steer clear of the 38.2% FIB of $265. The Second major support level sits at $255.
Looking at the Technical Indicators
First Major Support Level: $276
Pivot Level: $300
First Major Resistance Level: $320
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP
Ripple’s XRP fell by 2.69% on Sunday. Partially reversing a 6.22% rally on Saturday, Ripple’s XRP ended the week down by 5.63% to $1.45004.
A mixed start to the day saw Ripple’s XRP rose a late morning intraday high $1.61324.
Ripple’s XRP broke through the 23.6% FIB of $1.5426 and the first major resistance level at $1.6077 before a hitting reverse.
The reversal saw Ripple’s XRP slide to a late intraday low $1.34207.
Falling back through the first major resistance level and 23.6% FIB, Ripple’s XRP also fell through the first major support level at $1.3467.
Finding late support, Ripple’s XRP broke back through the first major support level to end the day at $1.45 levels.
At the time of writing, Ripple’s XRP was down by 0.72% to $1.43695. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.45016 to a low $1.43964.
Ripple’s XRP left the major support and resistance levels untested early on.
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