For the day ahead
Litecoin would need to avoid the $127 pivot to bring the first major resistance level at $129 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $128.50 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $130 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $135. The second major resistance level sits at $131.
A fall through the $127 pivot would bring the first major support level at $125 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level at $122 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $125
Pivot Level: $127
First Major Resistance Level: $129
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP fell by 0.48% on Sunday. Following a 0.01% gain on Saturday, Ripple’s XRP ended the week up by 3.29% to $0.60678.
A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.61238 before hitting reverse.
Falling short of the first major resistance level at $0.6198, Ripple’s XRP slid to an early afternoon intraday low $0.59150.
Ripple’s XRP fell through the first major support level at $0.6002 before a partial recovery to $0.60 levels.
At the time of writing, Ripple’s XRP was up by 0.63% to $0.61059. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.60700 to a high $0.61059.
Ripple’s XRP left the major support and resistance levels untested early on.