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For the day ahead
Litecoin would need to move back the $274 pivot level to support a run at the first major resistance level at $306.
Support from the broader market would be needed, however, for Litecoin to break back through to $300 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $305.33 would likely cap any upside.
In the event of a bounce back, Litecoin could test resistance at $320 before any pullback. The second major resistance level sits at $338.
Failure to move back through the $274 pivot level would bring the 23.6% FIB of $262 and the first major support level at $242 into play.
Barring an extended sell-off, Litecoin should steer clear of the the second major support level at $209. The 38.2% FIB of $217 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $242
Pivot Level: $274
First Major Resistance Level: $306
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138
Ripple’s XRP
Ripple’s XRP slid by 8.28% on Sunday. Following a 0.62% decline from Saturday, Ripple’s XRP ended the week up by 4.67% to $1.41371.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.56714 before hitting reverse.
Falling short of the first major resistance level at $1.6802, Ripple’s XRP slid to an early morning intraday low $1.15000.
Ripple’s XRP slid through the day’s major support levels before finding support.
More significantly, Ripple’s XRP also fell through the 23.6% FIB of $1.5426 and the 38.2% FIB of $1.2807.
Steering clear of sub-$1.00 levels, Ripple’s XRP bounced back to end the day at $1.41 levels.
The partial recovery had seen Ripple’s XRP break back through the third major support level at $1.1848 and the second major support level at $1.3960.
Ripple’s XRP also broke back through the 38.2% FIB of $1.2807.
At the time of writing, Ripple’s XRP was down by 2.29% to $1.38138. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.43776 before falling to a low $1.36000.
Ripple’s XRP left the major support and resistance levels untested early on.
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