Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 17th, 2021


For the day ahead

Litecoin would need to move through the 23.6% FIB of $178 and the $182 pivot to bring the first major resistance level at $186 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $185 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level at sits $193.

Failure to move through the $182 pivot would bring the first major support level at $174 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level at $170 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $174

Pivot Level: $182

First Major Resistance Level: $186

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 7.84% on Monday. Reversing a 0.41% gain from Sunday, Ripple’s XRP ended the day at $1.18541.

A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $1.32844 before hitting reverse.

Falling short of the first major resistance level at $1.3476, Ripple’s XRP slid to a late intraday low $1.14175.

Ripple’s XRP fell through the first major support level at $1.2255 and the second major support level at $1.1652.

Steering clear of sub-$1.10 levels, Ripple’s XRP broke back though the second major support level to end the day at $1.18 levels.

At the time of writing, Ripple’s XRP was down by 0.43% to $0.18026. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.17696 before rising to a high $1.18800.

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



News Source

جواب چھوڑ دیں

براہ مہربانی اپنی رائے درج کریں!
اپنا نام یہاں درج کریں