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For the day ahead

Litecoin would need to move through the 23.6% FIB and the $265 pivot level to support a run at the first major resistance level at $281.

Support from the broader market would be needed, however, for Litecoin to break out from $275 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $283.69 would likely cap any upside.

In the event of a bounce back, Litecoin could test resistance at $300 before any pullback. The second major resistance level sits at $299.

Failure to move through the 23.6% FIB and the $265 pivot would bring the first major support level at $246 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$240 levels. The second major support level sits at $230.

Looking at the Technical Indicators

First Major Support Level: $246

Pivot Level: $265

First Major Resistance Level: $281

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP fell by 7.70% on Monday. Following on from an 8.28% slide on Sunday, Ripple’s XRP ended the day at $1.31032.

A mixed start to the day saw Ripple’s XRP rise to a mid-morning intraday high $1.53250 before hitting reverse.

Falling short of the 23.6% FIB of $1.5426 and the first major resistance level at $1.6039, Ripple’s XRP slid to an early afternoon intraday low $1.25329.

While steering clear of the first major support level at $1.1868, Ripple’s XRP fell through the 38.2% FIB of $1.2807.

Finding late support, however, Ripple’s XRP broke back through the 38.2% FIB to revisit $1.39 levels before easing back.

At the time of writing, Ripple’s XRP was down by 1.69% to $1.28823. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.32486 before falling to a low $1.27000.

While leaving the major support and resistance levels untested, Ripple’s XRP briefly fell through the 38.2% FIB of $1.2807.

(Excerpt) Read more Here | 2021-04-19 18:35:36

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