Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 17th, 2021

For the day ahead

Litecoin would need to move through the $123 pivot to bring the first major resistance level at $126 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $125 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $127.82 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $135. The second major resistance level sits at $130.

Failure to move through the $123 pivot would bring the first major support level at $118 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$110 levels. The second major support level at $116 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $118

Pivot Level: $123

First Major Resistance Level: $126

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 1.43% on Friday. Following a 3.72% slide on Thursday, Ripple’s XRP ended the day at $0.59062.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.61832 before hitting reverse.

Falling short of the first major resistance level at $0.6201, Ripple’s XRP slid to a late morning intraday low $0.58757.

Steering clear of the first major support level at $0.5817, Ripple’s XRP before a briefly revisited $0.604 levels. A bearish end to the day, however, saw Ripple’s XRP fall back to sub-$0.59 levels before finding support.

At the time of writing, Ripple’s XRP was up by 0.45% to $0.59328. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.58951 before rising to a high $0.59433.

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

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