For the day ahead
Litecoin would need to avoid a fall through the 38.2% FIB and the $70.21 pivot to support a run at the first major resistance level at $78.27.
Support from the broader market would be needed, however, for Litecoin to break out from $75 levels.
Barring another extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another extended breakout, Litecoin would likely test resistance at $85 before any pullback. The second major resistance level sits at $82.70.
Failure to avoid a fall through the 38.2% FIB and the $70.21 pivot level would bring the first major support level at $65.78 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$60. The second major support level sits at $57.72.
Looking at the Technical Indicators
First Major Support Level: $65.78
Pivot Level: $70.21
First Major Resistance Level: $78.27
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 7.03% on Monday. Following on from a 0.38% gain on Sunday, Ripple’s XRP ended the day at $0.28817.
It was a mixed start to the day. Ripple’s XRP fell to an early morning intraday low $0.26767 before making a move.
Steering clear of the first major support level at $0.2636, Ripple’s XRP rallied to a final hour intraday high $0.28989.
Ripple’s XRP broke through the first major resistance level at $0.2764 and the second major resistance level at $0.2831.
Resistance at $0.29 pinned Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was up by 1.65% to $0.29292. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.28771 before rising to a high $0.29347.
Ripple’s XRP left the major support and resistance levels untested early on.