For the day ahead
Litecoin would need to move through the $130.96 pivot to support a run at the first major resistance level at $135.72.
Support from the broader market would be needed, however, for Litecoin to break back through to $135 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $136.99 would likely cap any upside.
In the event of another extended breakout, Litecoin could test resistance at $145 before any pullback. The second major resistance level sits at $141.74.
Failure to move through the $130.96 pivot level would bring the first major support level at $124.94 into play.
Barring an extended sell-off on the day, however, Litecoin should steer of sub-$120 levels. The second major support level at $120.18 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $124.94
Pivot Level: $130.96
First Major Resistance Level: $135.72
23.6% FIB Retracement Level: $112
38.2% FIB Retracement Level: $96
62% FIB Retracement Level: $69
Ripple’s XRP
Ripple’s XRP tumbled by 12.73% on Monday. Following on from a 3.76% slide on Sunday, Ripple’s XRP ended the day at $0.24745. It was a 4th consecutive day in the red for Ripple’s XRP.
Recovering from an early morning low $0.2700, Ripple’s XRP rose to a late morning intraday high $0.30942 before hitting reverse.
Coming up against the first major resistance level at $0.3080 and resistance at $0.31, Ripple’s XRP slid to a late intraday low $0.23336.
Ripple’s XRP fell through the first major support level at $0.2622 and the second major support level at $0.2410.
Finding late support, however, Ripple’s XRP moved back through the second major support level to end the day at $0.247 levels.
At the time of writing, Ripple’s XRP was down by 1.54% to $0.24364. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.24775 to a low $0.24100.
Ripple’s XRP left the major support and resistance levels untested early on.
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