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For the day ahead

Litecoin would need to move through the $190 pivot level to support a run at the 23.6% FIB and the first major resistance level at $195.

Support from the broader market would be needed, however, for Litecoin to break back through to $190 levels.

Barring an extended crypto rally, the 23.6% FIB and the first major resistance level would likely cap any upside.

In the event of an extended rally, Litecoin could test resistance at $205 before any pullback. The second major resistance level sits at $204.

Failure to move through the $190 pivot level would bring the first major support level at $181 into play.

Barring another extended sell-off, Litecoin should steer clear of the second major support level at $176.

Looking at the Technical Indicators

First Major Support Level: $181

Pivot Level: $190

First Major Resistance Level: $195

23.6% FIB Retracement Level: $195

38.2% FIB Retracement Level: $163

62% FIB Retracement Level: $110

Ripple’s XRP

Ripple’s XRP rallied by 5.26% on Monday. Reversing a 1.73% loss from Sunday, Ripple’s XRP ended the day at $0.54441.

A mixed start saw Ripple’s XRP fall to an early morning intraday low $0.50250 before making a move.

Steering clear of the first major support level at $0.4935, Ripple’s XRP rallied to a late afternoon intraday high $0.60000.

Ripple’s XRP broke through the first major resistance level at $0.5433 and the second major resistance level at $0.5694.

More significantly, Ripple’s XRP also broke back through the 23.6% FIB of $0.5320.

Coming up short of the third major resistance level at $0.6192, Ripple’s XRP slipped back to sub-$0.56 levels.

The late pullback saw Ripple’s XRP fall back through the second major resistance level at $0.5694 to end the day at sub-$0.55 levels.

Late in the day, the first major resistance level at $0.5433 delivered support to prevent a return to sub-$0.54 levels.

At the time of writing, Ripple’s XRP was up by 1.53% to $0.55273. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.54240 before striking a high $0.55273.

Ripple’s XRP left the major support and resistance levels untested early on.

(Excerpt) Read more Here | 2021-03-22 18:21:00

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