Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 24th, 2021


For the day ahead

Litecoin would need to avoid the $122 pivot to bring the first major resistance level at $127 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $125.06.

Barring an extended crypto rally, the first major resistance level 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.

A fall through the $122 pivot would bring the first major support level at $119 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$110 levels. The second major support level at $114 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $119

Pivot Level: $122

First Major Resistance Level: $127

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 2.62% on Friday. Following a 3.99% gain on Thursday, Ripple’s XRP ended the day at $0.60913.

A bullish start to the day saw Ripple’s XRP rise to an early morning high $0.60858 before hitting reverse.

Falling short of the first major resistance level at $0.6104, Ripple’s XRP slid to a late afternoon intraday low $0.57556.

Steering clear of the first major support level at $0.5688, Ripple’s XRP rallied to a late intraday high $0.61004 before easing back.

The first major resistance level at $0.6104 pinned Ripple’s XRP back at the end of the day.

At the time of writing, Ripple’s XRP was down by 0.21% to $0.60787. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.61171 before falling to a low $0.60469.

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



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