Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 21st, 2021

For the day ahead

Litecoin would need to avoid the $181 pivot to bring the first major resistance level at $187 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 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $195 before any pullback. The second major resistance level at sits $191.

A fall through the $181 pivot would bring the 23.6% FIB of $178 and the first major support level at $177 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level at $171 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $177

Pivot Level: $181

First Major Resistance Level: $187

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 2.39% on Friday. Following a 7.82% rally on Thursday, Ripple’s XRP ended the day at $1.26451.

Tracking the broader market, Ripple’s XRP fell to a mid-morning intraday low $1.20029 before making a move.

Steering clear of the first major support level at $1.1385, Ripple’s XRP rallied to a late afternoon intraday high $1.28974.

Ripple’s XRP broke through the first major resistance level at $1.2826 before easing back to $1.26 levels.

At the time of writing, Ripple’s XRP was down by 1.21% to $1.24916. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.26299 to a low $1.24633.

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

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