Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 12th, 2021


For the day ahead

Litecoin would need to avoid a fall back through the $134 pivot to bring the first major resistance level at $136 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $136 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $136.44 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $140. The second major resistance level sits at $139.

A fall back through the $134 pivot would bring the first major support level at $132 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$130 levels. The second major support level at $130 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $132

Pivot Level: $134

First Major Resistance Level: $136

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 1.43% on Sunday. Partially reversing a 1.98% fall from Saturday, Ripple’s XRP ended the week down by 8.75% to $0.63499.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.61227 before making a move.

Steering clear of the first major support level at $0.6086, Ripple’s XRP rallied to a late afternoon intraday high $0.64478.

Ripple’s XRP broke through the first major resistance level at $0.6442 before a slide back to sub-$0.63 levels.

Finding late support, however, revisited $0.64 levels before a 2nd pullback to end the day at sub-$0.64 levels.

At the time of writing, Ripple’s XRP was flat at $0.63497. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.63601 before falling to a low $0.63304.

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



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