Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 29th, 2021

For the day ahead

Litecoin would need to avoid the $138 pivot to bring the first major resistance level at $144 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $142.07.

Barring an extended crypto rally, the first major resistance level and resistance at $145 would likely cap any upside.

In the event of another extended breakout, Litecoin could test resistance at $150. The second major resistance level sits at $148.

A fall through the $138 pivot would bring the first major support level at $135 into play.

Barring an extended sell-off, however, Litecoin should continue to steer clear of sub-$125 levels. The second major support level at $129 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $135

Pivot Level: $138

First Major Resistance Level: $144

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP surged by 13.80% on Wednesday. Following a 3.44% gain on Tuesday, Ripple’s XRP ended the day at $0.73364.

Tracking the broader market, Ripple’s XRP fell to a mid-morning intraday low $0.63183 before making a move.

Steering clear of the first major support level at $0.6211, Ripple’s XRP rallied to a late morning intraday high $0.75324.

Ripple’s XRP broke through the day’s major resistance levels to end the day at $0.73 levels.

At the time of writing, Ripple’s XRP was down by 1.31% to $0.72400. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.73927 before falling to a low $0.72174.

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

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