For the day ahead
Litecoin would need to avoid a fall through the $55.32 pivot to support another run at the first major resistance level at $56.53.
Support from the broader market would be needed, however, for Litecoin to break back through to $56.50 levels.
Barring an extended crypto rally, the first major resistance level and the morning high $56.85 would likely cap any upside.
In the event of an extended breakout, Litecoin would likely test the second major resistance level at $57.41 before any pullback.
Failure to avoid a fall through the $55.32 pivot level would bring the first major support level at $54.44 and the 23.6% FIB of $54 into play.
Barring another extended sell-off on the day, however, Litecoin should steer clear of sub-$54 levels. The second major support level sits at $53.23.
Looking at the Technical Indicators
First Major Support Level: $54.44
Pivot Level: $55.32
First Major Resistance Level: $56.53
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP rose by 0.14% on Sunday. Following on from a 0.29% gain on Saturday, Ripple’s XRP ended the week down by 5.21% to $0.24009.
It was another mixed start to the day. Ripple’s XRP rose to an early morning high $0.24148 before hitting reverse.
Falling short of the first major resistance level at $0.2432, Ripple’s XRP slid to a mid-day intraday low $0.23689.
Ripple’s XRP fell through the first major support level at $0.2373 before revisiting $0.2414 levels.
A late pullback, however, left Ripple’s XRP at sub-$0.2410 levels at the day end.
At the time of writing, Ripple’s XRP was up by 1.09% to $0.24270. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.24060 to a high $0.24330.
Ripple’s XRP broke through the first major resistance level at $0.2421 early on.