Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 8th, 2021


For the day ahead

Litecoin would need to move through the $139 pivot to bring the first major resistance level at $141 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $140 levels.

Barring an extended crypto rally, the first major resistance level and resistance at Wednesday’s high $142.98 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $150. The second major resistance level sits at $145.

Failure to move through the $139 pivot would bring the first major support level at $135 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$130 levels. The second major support level at $133 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $135

Pivot Level: $139

First Major Resistance Level: $141

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 1.66% on Wednesday. Partially reversing a 1.96% gain from Tuesday, Ripple’s XRP ended the day at $0.65237.

A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.65965 before making a move.

Steering clear of the first major support level at $0.6517, Ripple’s XRP rose to an early morning intraday high $0.67370.

Falling short of the first major resistance level at $0.6793, however, Ripple’s XRP slid to a late intraday low $0.65055.

Ripple’s XRP fell through the first major support level at $0.6517 before ending the day at $0.652 levels.

At the time of writing, Ripple’s XRP was up by 0.02% to $0.65247. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.65092 before rising to a high $0.65256.

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



News Source

جواب چھوڑ دیں

براہ مہربانی اپنی رائے درج کریں!
اپنا نام یہاں درج کریں