Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 15th, 2021

For the day ahead

Litecoin would need to avoid the $176 pivot and the 62% FIB of $174 to bring the first major resistance level at $185 into play.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $180.70.

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

In the event of an extended breakout, Litecoin could test resistance at $190. The second major resistance level sits at $189.

A fall through the $175 pivot and the 62% FIB would bring the first major support level at $171 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level sits at $162.

A sustained fall through the 62% FIB of $174 would form a near-term bearish trend from 10th May’s swing hi $413.91.

Looking at the Technical Indicators

First Major Support Level: $171

Pivot Level: $176

First Major Resistance Level: $185

23.6% FIB Retracement Level: $322

38.2% FIB Retracement Level: $265

62% FIB Retracement Level: $174

Ripple’s XRP

Ripple’s XRP rise by 0.55% on Monday. Following a 6.20% rally on Sunday, Ripple’s XRP ended the day at $0.89048.

A bearish morning saw Ripple’s XRP fall to a mid-day intraday low $0.86381 before making a move.

Steering clear of the 62% FIB of $0.8573 and the first major support level at $0.8381, Ripple’s XRP rallied to a late afternoon intraday high $0.92923.

Ripple’s XRP broke through the first major resistance level at $0.9082 before falling back to sub-$0.90 levels.

At the time of writing, Ripple’s XRP was down by 0.16% to $0.88905. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.89088 before falling to a low $0.88651.

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

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