For the day ahead
23.6% FIB Retracement Level: 5
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high 3.17.
Falling short of the first major resistance level at Finding late support, Ripple’s XRP revisited Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Looking at the Technical Indicators
Litecoin would need to avoid a fall through the 4 pivot level to support a run at the first major resistance level at 5.
Barring another extended sell-off, Litecoin should steer clear of the second major support level at 4.
First Major Support Level: 5
62% FIB Retracement Level: 0
Ripple’s XRP fell through the first major support level at Ripple’s XRP fell by 4.45% on Sunday. Reversing a 1.82% gain from Saturday, Ripple’s XRP ended the week down by 23.57% to Failure to avoid a fall through the 4 pivot level would bring the 38.2% FIB of 3 and the first major support level at 5 into play.
Pivot Level: 4
In the event of an extended breakout, Litecoin could test the second major resistance level at 4.
38.2% FIB Retracement Level: 3
First Major Resistance Level: 5