Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 30th, 2021


For the day ahead

Litecoin would need to avoid the $140 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 Thursday’s high $142.97.

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 $147.

A fall through the $140 pivot would bring the first major support level at $138 into play.

Barring an extended sell-off, however, Litecoin should continue to steer clear of sub-$130 levels. The second major support level at $134 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $138

Pivot Level: $140

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 rose by 2.39% on Thursday. Following Wednesday’s 13.80% breakout, Ripple’s XRP ended the day at $0.74995.

After a mixed start to the day, Ripple’s XRP fell to a mid-day intraday low $0.69828 before making a move.

Steering clear of the first major support level at $0.6592, Ripple’s XRP rallied to a final hour intraday high $0.76596.

Falling short of the first major resistance level at $0.7806, Ripple’s XRP eased back to end the day at sub-$0.75 levels.

At the time of writing, Ripple’s XRP was down by 1.67% to $0.73739. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.75261 before falling to a low $0.73739.

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



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