For the day ahead
Litecoin will have to push back its $ 274 pivot level to support a run at the first major $ 306 resistance level.
However, support from the broader market is needed to break Litecoin to $ 300 levels.
Excluding an extensive crypto rally, Sunday’s first major resistance level and Sunday’s high of $ 305.33 are likely to be upside down.
In the event of a setback, Litecoin may test resistance at $ 320 before any withdrawal. The second major resistance level is $ 338.
If you do not move through the $ 274 pivot level again, the 23.6% FIB of $ 262 and the first major support level at $ 242 will come into play.
In addition to an extensive sell-out, Litecoin should avoid the second major support level at $ 209. The 38.2% FIB of $ 217 should limit the downside.
Look at the technical indicators
First Key Support Level: $ 242
Game point: $ 274
First major resistance level: $ 306
23.6% FIB withdrawal level: $ 250
38.2% FIB Withdrawal Level: $ 207
62% FIB withdrawal level: $ 138
Ripple is XRP
Ripple’s XRP slipped 8.28% on Sunday. After a 0.62% drop from Saturday, Ripple’s XRP ended the week with 4.67% to $ 1.41371.
A mixed start to the day raised Ripple’s XRP to an early morning intraday $ 1.56714 before reversing.
Due to the first major resistance level at $ 1.6802, Ripple’s XRP went down to an early morning intraday low of $ 1.15000.
Ripple’s XRP slipped through the major support levels of the day before gaining support.
More significantly, Ripple’s XRP also fell through the 23.6% FIB of $ 1.5426 and the 38.2% FIB of $ 1.2807.
Ripple’s XRP jumped from less than $ 1.00 levels to end the day at $ 1.41 levels.
The partial recovery caused Ripple’s XRP to break through through the third major support level at $ 1.1848 and the second major support level at $ 1.3960.
Ripple’s XRP also broke through the 38.2% FIB of $ 1.2807.
At the time of writing, Ripple’s XRP fell 2.29% to $ 1.38138. With a mixed start to the day, Ripple’s XRP rose to an early morning high of $ 1.43776 before dropping to $ 1.36000.
Ripple’s XRP left the key support and resistance levels untested early on.