libellous vs denigratory

libellous and denigratory both are adjectives.

Word	Noun	Adjective	Verb	Adverb
libellous	No	Yes	No	No
denigratory	No	Yes	No	No

As adjectives, libellous and denigratory are synonyms defined as:

libellous and denigratory: (used of statements) harmful and often untrue; tending to discredit or malign

Other synonyms of libellous include calumniatory, calumnious, defamatory, denigrating, denigrative, libelous, slanderous.

libellous (adjective)	denigratory (adjective)
(used of statements) harmful and often untrue; tending to discredit or malign	(used of statements) harmful and often untrue; tending to discredit or malign