For the day ahead
Litecoin would need to avoid a fall through the $161.70 pivot level to support a run at the first major resistance level at $175.41.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $169.48.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $190 before any pullback. The second major resistance level sits at $183.20.
Failure to avoid a fall through the $161.70 pivot level would bring the first major support level at $153.91 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$150 levels and the 23.6% FIB of $148. The second major support level sits at $140.20.
Looking at the Technical Indicators
First Major Support Level: $153.91
Pivot Level: $161.70
First Major Resistance Level: $175.41
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87
Ripple’s XRP
Ripple’s XRP rallied by 7.79% on Monday. Reversing a 5.48% slide from Sunday, Ripple’s XRP ended the day at $0.45193.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.41347 before making a move.
Steering clear of the 38.2% FIB of $0.4070 and the first major support level at $0.3908, Ripple’s XRP rallied to an early afternoon intraday high $0.4700.
Ripple’s XRP broke through the first major resistance level at $0.4500 before a pullback to $0.44 levels.
Finding late support, however, Ripple’s XRP broke back through the first major resistance level to end the day at $0.45 levels.
At the time of writing, Ripple’s XRP was up by 0.51% to $0.45423. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.45194 to a high $0.45557.
Ripple’s XRP left the major support and resistance levels untested early on.