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For the day ahead
Litecoin would need to move through the $255 pivot level to support a run at the first major resistance level at $261.
Support from the broader market would be needed, however, for Litecoin to break back through to $260 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $262.98 would likely cap any upside.
In the event of an extended rally, Litecoin could test the second major resistance level at $270.
Failure to move through the $255 pivot level would bring the first major support level at $246 into play.
Barring an extended sell-off, Litecoin should continue to steer well clear of the second major support level at $240.
Looking at the Technical Indicators
First Major Support Level: $246
Pivot Level: $255
First Major Resistance Level: $261
23.6% FIB Retracement Level: $207
38.2% FIB Retracement Level: $172
62% FIB Retracement Level: $116
Ripple’s XRP
Ripple’s XRP fell by 1.32% on Sunday. Following a 34.82% surge on Saturday, Ripple’s XRP ended the week up by 113.1% to $1.35243.
A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high and a new swing hi $1.49667.
Falling short of the first major resistance level at $1.5131, Ripple’s XRP slid to a mid-day intraday low $1.28937.
Steering clear of the first major support level at $1.1202, Ripple’s XRP revisited $1.41 levels before falling back into the red.
At the time of writing, Ripple’s XRP was down by 0.56% to $1.34483. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.36699 before falling to a low $1.34162.
Ripple’s XRP left the major support and resistance levels untested early on.
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