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For the day ahead
Litecoin would need to avoid a fall back through the $146 pivot to bring the first major resistance level at $174 and the 62% FIB of $174 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $150 levels.
Barring an extended crypto rally, the first major resistance level and the 62% FIB would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $190. The second major resistance level sits at $205.
Failure to avoid a fall back through the $146 pivot would bring the first major support level at $115 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level sits at $87.
A sustained fall through the 62% FIB of $174 would form a near-term bearish trend from 10th May’s swing hi $413.91.
Looking at the Technical Indicators
First Major Support Level: $115
Pivot Level: $146
First Major Resistance Level: $174
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP
Ripple’s XRP slid by 12.48% on Sunday. Following on from a 10.11% reversal on Saturday, Ripple’s XRP ended the week down by 45.30% to $0.79310.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.96753 before hitting reverse.
Falling short of the first major resistance level at $1.0075, Ripple’s XRP slid to a late afternoon intraday low $0.65085.
The extended sell-off saw Ripple’s XRP fall through the 62% FIB of $0.8573 and the first major support level at $0.8132.
Ripple’s XRP also fell through the second major support level at $0.7209.
Through the 2nd half of the day, Ripple’s XRP moved back through the second major support level to end the day at $0.79 levels.
At the time of writing, Ripple’s XRP was up by 2.33% to $0.81154. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.79310 to a high $0.82282.
Ripple’s XRP left the major support and resistance levels untested early on.
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