Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 10th, 2021


For the day ahead

Litecoin would need to avoid the $132 pivot to bring the first major resistance level at $138 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $135.80.

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

In the event of an extended breakout, Litecoin could test resistance at $145. The second major resistance level sits at $142.

A fall through the $132 pivot would bring the first major support level at $129 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$125 levels. The second major support level sits at $122.

Looking at the Technical Indicators

First Major Support Level: $129

Pivot Level: $132

First Major Resistance Level: $138

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 2.72% on Friday. Partially reversing a 4.32% fall from Thursday, Ripple’s XRP ended the day at $0.63846.

A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $0.59227 before making a move.

Ripple’s XRP fell through the first major support level at $0.6058 before rising to a mid-afternoon intraday high $0.64521.

Falling short of the first major resistance level at $0.6478, Ripple’s XRP fell back to $0.62 levels before ending the day at $0.63 levels.

At the time of writing, Ripple’s XRP was up by 0.10% to $0.63909. A range-bound start to the day saw Ripple’s XRP rise from an early morning low $0.63675 to a high $0.63909.

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



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