For the next day

Litecoin would have to move back through the $ 188 pivot to bring the first major resistance level into play at $ 191.

However, in order for Litecoin to break back to the USD 190 level, support from the broader market would be required.

Aside from an extended crypto rally, the first major resistance level and Monday high of $ 181.80 would likely limit any uptrend.

In the event of a prolonged breakout, Litecoin could test the resistance at $ 200 before pulling back. The second major resistance level is at $ 196.

If it fails to get the $ 188 pivot back, the first major support level at $ 183 would come into play.

However, apart from a prolonged sell-off, Litecoin should stay away from the second major resistance level at $ 179 and the 23.6% FIB of $ 178.

Look at the technical indicators

First major support level: $ 183

Pivot level: $ 188

First major resistance level: $ 191

23.6% FIB retracement level: $ 178

38.2% FIB retracement level: $ 223

62% FIB retracement level: $ 296

Ripple’s XRP

Ripple’s XRP rose 1.47% on Monday. After gaining 0.91% on Sunday, Ripple’s XRP ended the day at $ 1.24621.

A bullish start to the day caused Ripple’s XRP to soar to a late morning intraday high of $ 1.30363 before hitting the setback.

Ripple’s XRP broke the first major resistance level at $ 1.2630 and the second major resistance level at $ 1.2896.

When it encountered resistance at $ 1.30, Ripple’s XRP slid to an intraday low of $ 1.20001 in the early afternoon.

To bypass the first major support level at $ 1.1859, Ripple’s XRP moved back to the $ 1.24 level and into the green.

At the time of writing, Ripple’s XRP was up 0.11% to $ 1.24758. A mixed start to the day resulted in Ripple’s XRP dropping to an early morning low of $ 1.24391 before rising to a high of $ 1.25120.

Ripple’s XRP left key support and resistance levels untested early on.

LEAVE A REPLY

Please enter your comment!
Please enter your name here