Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 18th, 2021


For the day ahead

Litecoin would need to move through the $168 pivot to bring the first major resistance level at $173 and the 62% FIB of $174 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $170 levels.

Barring an extended crypto rally, the 62% FIB would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $180. The second major resistance level sits at $178.

Failure to move through the $168 pivot would bring the first major support level at $162 into play.

Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $157.

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: $162

Pivot Level: $168

First Major Resistance Level: $173

23.6% FIB Retracement Level: $322

38.2% FIB Retracement Level: $265

62% FIB Retracement Level: $174

Ripple’s XRP

Ripple’s XRP rose by 0.89% on Thursday. Partially reversing a 3.95% fall from Wednesday, Ripple’s XRP ended the day at $0.84073.

A bullish start to the day saw Ripple’s XRP rise to a late morning intraday high $0.86104 before hitting reverse.

Ripple’s XRP broke through the 62% FIB of $0.8573 and the first major resistance level at $0.8608.

The reversal, however, saw Ripple’s XRP slide back through the major support level and 62% FIB to a late intraday low $0.82341.

Steering clear of the first major support level at $0.8148, however, Ripple’s XRP ended the day at $0.84 levels.

At the time of writing, Ripple’s XRP was down by 0.12% to $0.83974. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.84006 to a low $0.83974.

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



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