For the day ahead
Litecoin would need to avoid a fall through the $47.70 pivot to support a run at the first major resistance level at $48.80.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $48.48.
Barring an extended crypto rally, the first major resistance level and resistance at $49 would likely cap any upside.
In the event of another breakout, Litecoin would likely test resistance at $50 before any pullback. The second major resistance level sits at $49.58.
Failure to avoid a fall through the $47.70 pivot level would bring the first major support level at $46.92 into play.
Barring an extended sell-off on the day, however, Litecoin should steer well clear of the second major support level at $45.82.
Looking at the Technical Indicators
First Major Support Level: $46.92
Pivot Level: $47.70
First Major Resistance Level: $48.80
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rallied by 1.42% on Monday. Following on from a 0.63% rise on Sunday, Ripple’s XRP ended the day at $0.24574.
A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.24035 before making a move.
Steering clear of the first major support level at $0.2406, Ripple’s XRP rallied to a late afternoon intraday high $0.24968.
Ripple’s XRP broke through the day’s major resistance levels before falling back to sub-$0.246 levels.
The pullback saw Ripple’s XRP fall back through the third major resistance level at $0.2480.
At the time of writing, Ripple’s XRP was down by 0.08% to $0.24555. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.24604 before falling to a low $0.24555.
Ripple’s XRP left the major support and resistance levels untested early on.