Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 21st, 2021


For the day ahead

Litecoin would need to move through the $109 pivot to bring the first major resistance level at $114 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $110 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $115.06 would likely cap any upside.

In the event of an extended breakout, Litecoin could test the second major resistance level at $120.

Failure to move through the $109 pivot would bring the first major support level at $103 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$95 levels. The second major support level at $98 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $103

Pivot Level: $109

First Major Resistance Level: $114

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 5.22% on Tuesday. Following a 4.86% loss on Monday, Ripple’s XRP ended the day at $0.52841.

A choppy start to the day saw Ripple’s XRP rise to an early morning intraday high $0.56994 before hitting reverse.

Falling short of the first major resistance level at $0.5794, Ripple’s XRP slid to a late morning intraday low $0.51651.

Ripple’s XRP fell through the first major support level at $0.5444 and the second major support level at $0.5316.

Steering clear of sub-$0.50 levels, Ripple’s XRP briefly moved back through the second major support level before easing back.

At the time of writing, Ripple’s XRP was up by 0.12% to $0.52902. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.52489 before rising to a high $0.52957.

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



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