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For the day ahead
Litecoin would need to avoid a fall back through the $280 pivot to bring the first major resistance level at $298 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $295 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $300 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at the 23.6% FIB of $322. The second major resistance level sits at $315.
Failure to avoid the $280 pivot would bring the 38.2% FIB of $265 and the first major support level at $263 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$250. The Second major support level sits at $245.
Looking at the Technical Indicators
First Major Support Level: $263
Pivot Level: $280
First Major Resistance Level: $298
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP
Ripple’s XRP rose by 3.12% on Monday. Reversing a 2.69% decline from Sunday, Ripple’s XRP ended the day at $1.49543.
A mixed start to the day saw Ripple’s XRP slide to an early morning intraday low $1.32700 before making a move.
Steering clear of the first major support level at $1.3237, Ripple’s XRP rallied to a mid-day intraday high $1.56303.
Ripple’s XRP broke through the 23.6% FIB of $1.5426.
Falling short of the first major resistance level at $1.5948, however, Ripple’s XRP fell back into the red before finding late support.
Ripple’s XRP moved back through to $1.54 levels before easing back to sub-$1.50 levels. The 23.6% FIB of $1.5426 pinned Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was down by 0.98% to $1.48074. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.49705 before falling to a low $1.47331.
Ripple’s XRP left the major support and resistance levels untested early on.
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