For the day ahead
While falling short of the first major resistance level at Failure to move through the 7.25 pivot level would bring the first major support level at 0.54 into play.
Barring an extended crypto rally, the first major resistance level and resistance at 5 would likely cap any upside.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high 3.95.
Barring an extended sell-off, Litecoin should steer clear of sub-0 levels. The second major support level at 3.55 should limit the downside.
Looking at the Technical Indicators
In the event of an extended breakout, Litecoin could test resistance at 0 before any pullback. The second major resistance level sits at 0.95.
First Major Support Level: 0.54
62% FIB Retracement Level: 8
Steering clear of the first major support level at First Major Resistance Level: 4.24
38.2% FIB Retracement Level: 9
23.6% FIB Retracement Level: 1
Ripple’s XRP rallied by 6.47% on Sunday. Partially reversing a 9.33% slide from Saturday, Ripple’s XRP ended the week down by 8.09% to Pivot Level: 7.25
Litecoin would need to move through the 7.25 pivot level to support a run at the first major resistance level at 4.24.
A late pullback saw Ripple’s XRP briefly fall back through the 23.6% FIB before wrapping up the day at