For the day ahead
Litecoin would need to avoid a fall through the $188 pivot level to support another run at the first major resistance level at $195 and the 23.6% FIB.
Support from the broader market would be needed, however, for Litecoin to hold onto $194 levels early on.
Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $198.
Failure to avoid a fall through the $188 pivot level would bring the first major support level at $185 into play.
Barring an extended sell-off, Litecoin should steer clear of the second major support level at $179.
Looking at the Technical Indicators
First Major Support Level: $185
Pivot Level: $188
First Major Resistance Level: $195
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP
Ripple’s XRP rose by a modest 0.33% on Sunday. Following on from a 1.79% gain on Saturday, Ripple’s XRP ended the week up by 11.88% to $0.46613.
It was a choppy start to the day. Ripple’s XRP rose to a late morning intraday high $0.46885 before hitting reverse.
Falling short of the first major resistance level at $0.4729, Ripple’s XRP slid to a late intraday low $0.45712.
Steering clear of the first major support level at $0.4516, Ripple’s XRP moved back through to $0.465 levels to end the day in the green.
At the time of writing, Ripple’s XRP was up by 0.44% to $0.46782. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.46595 before rising to a high $0.46897.
Ripple’s XRP left the major support and resistance levels untested early on.