Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 28th, 2021

For the day ahead

Litecoin would need to avoid the $133 pivot to bring the first major resistance level at $138 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $135 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another extended breakout, Litecoin could test the second major resistance level at $140.

A fall through the $133 pivot would bring the first major support level at $130 into play.

Barring an extended sell-off, however, Litecoin should continue to steer clear of sub-$120 levels. The second major support level at $125 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $130

Pivot Level: $133

First Major Resistance Level: $138

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 3.44% on Tuesday. Following Monday’s 3.06% gain, Ripple’s XRP ended the day at $0.64500.

A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.61312 before making a move.

Steering clear of the first major support level at $0.5955, Ripple’s XRP rose to a mid-day intraday high $0.65307.

Falling short of the first major resistance level at $0.6671, however, Ripple’s XRP fell back to $0.62 levels before ending the day at $0.645 levels.

At the time of writing, Ripple’s XRP was down by 0.45% to $0.64207. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.64674 before falling to a low $0.64207.

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

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