For the day ahead
Litecoin would need to avoid the $166 pivot to bring the 62% FIB of $174 and the first major resistance level at $176 into play.
Support from the broader market would be needed, however, for Litecoin to break out from the 62% FIB.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $190. The second major resistance level sits at $182.
A fall through the $166 pivot would bring the first major support level at $161 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$160 levels. The second major support level sits at $151.
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: $161
Pivot Level: $166
First Major Resistance Level: $176
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP rallied by 6.20% on Sunday. Reversing a 1.81% decline from Saturday, Ripple’s XRP ended the week down by 6.67% to $0.88289.
A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.81861 before making a move.
Steering clear of the first major support level at $0.8100, Ripple’s XRP rallied to a late intraday high $0.88876.
Ripple’s XRP broke through the first major resistance level at $0.8498 and the second major resistance level at $0.8681. More significantly, Ripple’s XRP also broke back through the 62% FIB of $0.8573.
Late in the day, Ripple’s XRP briefly fell back to $0.87 levels before ending the day at $0.88 levels.
At the time of writing, Ripple’s XRP was down by 0.01% to $0.88278. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.89280 before falling to a low $0.88210.
Ripple’s XRP left the major support and resistance levels untested early on.