Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 26th, 2021

For the day ahead

Litecoin would need to avoid the $127 pivot to bring the first major resistance level at $129 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $128.50 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $130 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 $131.

A fall through the $127 pivot would bring the first major support level at $125 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level at $122 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $125

Pivot Level: $127

First Major Resistance Level: $129

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 0.48% on Sunday. Following a 0.01% gain on Saturday, Ripple’s XRP ended the week up by 3.29% to $0.60678.

A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.61238 before hitting reverse.

Falling short of the first major resistance level at $0.6198, Ripple’s XRP slid to an early afternoon intraday low $0.59150.

Ripple’s XRP fell through the first major support level at $0.6002 before a partial recovery to $0.60 levels.

At the time of writing, Ripple’s XRP was up by 0.63% to $0.61059. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.60700 to a high $0.61059.

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

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