For the day ahead
Litecoin would need to avoid a fall through the $86.99 pivot to support a run at the first major resistance level at $93.17.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $90.98.
Barring another extended crypto rally, the first major resistance level and Monday’s high would likely cap any upside.
In the event of another extended breakout, Litecoin would likely test the second major resistance level at $97.17. The 62% FIB of $100 would likely cap any upside, however.
Failure to avoid a fall through the $86.99 pivot level would bring the first major support level at $82.99 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$80 levels. The second major support level sits at $76.81
Looking at the Technical Indicators
First Major Support Level: $82.99
Pivot Level: $86.99
First Major Resistance Level: $93.17
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP surged by 38.3% on Monday. Reversing a 3.56% fall from Sunday, Ripple’s XRP ended the day at $0.61686.
It was a mixed start to the day. Ripple’s XRP fell to an early morning intraday low $0.43266 before making a move.
While steering clear of the first major support level at $0.4011, Ripple’s XRP fell through the 38.2% FIB of $0.4392.
Finding support in the late morning, Ripple’s XRP surged to a late intraday high $0.6200.
Ripple’s XRP broke the first major resistance level at $0.4951 and the second major resistance level at $0.5436. More significantly, Ripple’s XRP also broke back through the 38.2% FIB.
In spite of a late pullback, Ripple’s XRP avoided sub-$0.61 and the second major resistance level.
At the time of writing, Ripple’s XRP was down by 1.24% to $0.60920. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.62387 before falling to a low $0.60500.
Ripple’s XRP left the major support and resistance levels untested early on.