For the day ahead
Litecoin would need to move through the $84.02 pivot to support a run at the first major resistance level at $86.28.
Support from the broader market would be needed, however, for Litecoin to break back through to $86 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $86.89 would likely cap any upside.
In the event of an extended breakout, Litecoin could test the second major resistance level at $89.16.
Failure to move through the $84.02 pivot level would bring the first major support level at $81.14 into play.
Barring another extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $78.88.
Looking at the Technical Indicators
First Major Support Level: $81.14
Pivot Level: $84.02
First Major Resistance Level: $86.28
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP fell by 2.50% on Monday. Partially reversing a 6.24% rally from Sunday, Ripple’s XRP ended the day at $0.60845.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.62469 before hitting reverse.
Falling short of the first major resistance level at $0.6409 and the 23.6% FIB, Ripple’s XRP slid to a late intraday low $0.59072.
The reversal saw Ripple’s XRP fall through the first major support level at $0.5918 before a move back through to $0.60 levels.
At the time of writing, Ripple’s XRP was down by 0.40% to $0.6060. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.6085 to a low $0.6048.
Ripple’s XRP left the major support and resistance levels untested early on.