For the day ahead
Litecoin would need to move back through the $224 pivot level to support a run at the first major resistance level at $236.
Support from the broader market would be needed, however, for Litecoin to break back through to $230 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $235.86 would likely cap any upside.
In the event of a bounce back, Litecoin could test resistance at $250. The second major resistance level sits at $249.
Failure to move back through the $224 pivot level would bring the 38.2% FIB of $217 and the first major support level at $212 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$200. The second major support level sits at $199.
Looking at the Technical Indicators
First Major Support Level: $212
Pivot Level: $224
First Major Resistance Level: $236
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138
Ripple’s XRP
Ripple’s XRP fell by 1.88% on Sunday. Following a 10.23% tumble on Saturday, Ripple’s XRP ended the week down by 26.97% to $1.03246.
After a mixed start to the day, Ripple’s XRP rose to a late afternoon intraday high $1.15555 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $1.1420 before sliding to a late intraday low $0.94139.
The sell-off saw Ripple’s XRP fall through the first major support level at $0.9928.
Steering clear of sub-$0.94 support levels, Ripple’s XRP broke back through the first major support level to end the day at $1.03 levels.
At the time of writing, Ripple’s XRP was down by 1.40% to $1.0180. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.04299 before falling to a low $1.01639
Ripple’s XRP left the major support and resistance levels untested early on.