Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 14th, 2021


For the day ahead

Litecoin would need to move through the $132 pivot to bring the first major resistance level at $134 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $134 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $134.62 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 $137.

Failure to move 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 the second major support level at $127.

Looking at the Technical Indicators

First Major Support Level: $129

Pivot Level: $132

First Major Resistance Level: $134

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 1.76% on Tuesday. Following a 0.80% decline on Monday, Ripple’s XRP ended the day at $0.61799.

A mixed start to the day saw Ripple’s XRP rally to a mid-morning intraday high $0.64317 before hitting reverse.

Falling short of the first major resistance level at $0.6516, Ripple’s XRP slid to a late intraday low $0.60814.

Ripple’s XRP briefly fell through the first major support level at $0.6124 before a revisiting $0.619 levels. A bearish end to the day, however, left Ripple’s XRP at $0.617 levels.

At the time of writing, Ripple’s XRP was up by 0.23% to $0.61941. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.61715 before rising to a high $0.61941.

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



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