For the day ahead
Litecoin would need to move through the $170 pivot to bring the first major resistance level at $174 and the 23.6% FIB of $178 into play.
Support from the broader market would be needed, however, for Litecoin to break out from the $170.
Barring an extended crypto rally, the first major resistance level and 23.6% FIB of $178 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $185 before any pullback. The second major resistance level at sits $180.
Failure to move through the $170 pivot would bring the first major support level at $164 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$160 levels. The second major support level at $160 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $164
Pivot Level: $170
First Major Resistance Level: $174
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP fell by 3.53% on Monday. Following on from a 0.55% loss on Sunday, Ripple’s XRP ended the day at $1.10100.
Tracking the broader market, Ripple’s XRP fell to an early afternoon low $1.10518 before making a move.
Ripple’s XRP slid through the first major support level at $1.1135 before rallying to a late intraday high $1.14870.
Falling short of the first major resistance level at $1.1681, Ripple’s XRP fell back through the first major support level to an intraday low $1.09627.
Steering clear of the second major support level at $1.0857, Ripple’s XRP ended the day at $1.10 levels.
At the time of writing, Ripple’s XRP was down by 0.37% to $1.09689. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.0092 before falling to a low $1.09269.
Ripple’s XRP left the major support and resistance levels untested early on.
