Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 20th, 2021


For the day ahead

Litecoin would need to move through the $115 pivot to bring the first major resistance level at $119 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $115 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $120.71 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $125. The second major resistance level sits at $124.

Failure to move through the $115 pivot would bring the first major support level at $110 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$100 levels. The second major support level at $106 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $110

Pivot Level: $115

First Major Resistance Level: $119

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP slid by 4.86% on Monday. Reversing a 0.73% gain from Sunday, Ripple’s XRP ended the day at $0.55724.

A choppy start to the day saw Ripple’s XRP rise to an early morning intraday high $0.58872 before hitting reverse.

Falling short of the first major resistance level at $0.6016, Ripple’s XRP slid to an early afternoon intraday low $0.55372.

Ripple’s XRP fell through the first major support level at $0.5727 and the second major support level at $0.5581.

Finding late support, however, Ripple’s XRP briefly moved back through the second major support level before easing back.

At the time of writing, Ripple’s XRP was down by 0.20% to $0.55613. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.55796 before falling to a low $0.55613

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



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