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


For the day ahead

Litecoin would need to move through the $135 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 $135 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $139.65 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 $143.

Failure to move through the $135 pivot would bring the first major support level at $130 into play.

Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $127.

Looking at the Technical Indicators

First Major Support Level: $130

Pivot Level: $135

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 fell by 0.80% on Monday. Partially reversing a 1.43% gain from Sunday, Ripple’s XRP ended the day at $0.62936.

A bullish start to the day saw Ripple’s XRP rally to a mid-morning intraday high $0.65681 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.6474 before sliding to a late intraday low $0.61768.

Ripple’s XRP briefly fell through the first major support level at $0.6199 before a move back through to $0.629 levels.

At the time of writing, Ripple’s XRP was down by 0.21% to $0.62805. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.62953 before falling to a low $0.62525.

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



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