Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 19th, 2021

For the day ahead

Litecoin would need to move back through the $120 pivot to bring the first major resistance level at $123 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $120 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $124.10 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $130. The second major resistance level sits at $128.

Failure to move back through the $120 pivot would bring the first major support level at $116 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$110 levels. The second major support level at $112 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $116

Pivot Level: $120

First Major Resistance Level: $123

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 0.73% on Sunday. Partially reversing a 1.59% loss from Saturday, Ripple’s XRP ended the week down by 7.49% to $0.58743.

Tracking the broader market, Ripple’s XRP rallied to an early morning intraday high $0.60110 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.5993 before sliding to an early afternoon intraday low $0.57223.

Steering clear of the first major support level at $0.5628, Ripple’s XRP before a briefly revisited $0.59 levels. A bearish end to the day, however, saw Ripple’s XRP fall back to sub-$0.59 levels to limit the upside.

At the time of writing, Ripple’s XRP was up by 0.22% to $0.58872. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.58486 before rising to a high $0.58872.

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

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