For the day ahead
Litecoin would need to move back through the $50.48 pivot to support a run at the first major resistance level at $51.68.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $51.55.
Barring an extended crypto rally, Monday’s high and the first major resistance level would likely cap any upside.
In the event of another breakout, Litecoin would likely test the second major resistance level at $52.74.
Failure to move back through the $50.48 pivot level would bring the first major support level at $49.42 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $48.22.
Looking at the Technical Indicators
First Major Support Level: $49.42
Pivot Level: $50.48
First Major Resistance Level: $51.68
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rose by 0.30% on Monday. Partially reversing a 0.54% gain from Sunday, Ripple’s XRP ended the day at $0.25622.
A bearish start to the day saw Ripple’s XRP slide to a late morning intraday low $0.24900 before making a move.
Ripple’s XRP fell through the first major support level at $0.2532 and the second major support level at $0.2510.
The visit to sub-$0.25 levels was brief, however. Ripple’s XRP rallied to a late intraday high $0.25843 before easing back.
Ripple’s XRP came up against the first major resistance level at $0.2581 before easing back to sub-$0.0255 levels.
Finding late support, however, Ripple’s XRP moved back through to $0.256 levels to deliver the upside on the day.
At the time of writing, Ripple’s XRP was down by 0.29% to $0.25548. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.25615 to a low $0.25528.
Ripple’s XRP left the major support and resistance levels untested early on.