For the day ahead
Litecoin would need to avoid a fall back through the $169 pivot to bring the 62% FIB of $174 and the first major resistance level at $183 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $180 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $181.20 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $200. The second major resistance level sits at $195.
A fall back through the $169 pivot would bring the first major support level at $157 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$150. The second major support level sits at $143.
A sustained fall through the 62% FIB of $174 would form a near-term bearish trend from 10th May’s swing hi $413.91.
Looking at the Technical Indicators
First Major Support Level: $157
Pivot Level: $169
First Major Resistance Level: $183
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP rallied by 9.01% on Sunday. Reversing a 7.48% slide from Saturday, Ripple’s XRP ended the week up by 14.14% to $0.90521.
A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $0.79936 before making a move.
Steering clear of the first major support level at $0.7707, Ripple’s XRP rallied to a late afternoon intraday high $0.93292.
Ripple’s XRP broke through the 62% FIB of $0.8573 and the first major resistance level at $0.9167.
A bearish end to the day, however, saw Ripple’s XRP ease back to end the day at sub-$0.91 levels.
At the time of writing, Ripple’s XRP was up by 2.07% to $0.92392. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.89890 before rising to a high $0.92756.
Ripple’s XRP left the major support and resistance levels untested early on.