Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 13th, 2021


For the day ahead

Litecoin would need to move through the $169 pivot to bring the first major resistance level at $177 and the 23.6% FIB of $178 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $175 levels.

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

In the event of an extended breakout, Litecoin could test resistance at $190 before any pullback. The second major resistance level at sits $188.

Failure to move through the $169 pivot would bring the first major support level at $158 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$155 levels. The second major support level sits at $150.

Looking at the Technical Indicators

First Major Support Level: $158

Pivot Level: $169

First Major Resistance Level: $177

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP slid by 4.55% on Thursday. Partially reversing an 18.89% surge from Wednesday, Ripple’s XRP ended the day at $0.96577.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.04438 before hitting reverse.

Falling short of the first major resistance level at $1.1186, Ripple’s XRP slid to a late afternoon intraday low $0.93341.

Steering clear of the first major support level at $0.8771, Ripple’s XRP revisited $0.97 levels before easing back.

At the time of writing, Ripple’s XRP was up by 1.14% to $0.97675. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.98132 before falling to a low $0.95130.

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



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