Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 21st, 2021

For the day ahead

Litecoin would need to avoid the $152 pivot to bring the first major resistance level at $160 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $160 levels.

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 $170. The second major resistance level sits at $164.

A fall through the $152 pivot would bring the first major support level at $147 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$140 levels. The second major support level sits at $139.

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

Looking at the Technical Indicators

First Major Support Level: $147

Pivot Level: $152

First Major Resistance Level: $160

23.6% FIB Retracement Level: $188

38.2% FIB Retracement Level: $231

62% FIB Retracement Level: $301

Ripple’s XRP

Ripple’s XRP rose by 2.07% on Saturday. Partially reversing a 4.46% loss from Saturday, Ripple’s XRP ended the week down by 12.32% to $0.77410.

A bullish start to the day saw Ripple’s XRP rise to a mid-morning high $0.76513 before hitting reverse.

Falling short of the major resistance levels, Ripple’s XRP slid to a midday intraday low $0.69725.

The extended sell-off saw Ripple’s XRP slide through the first major support level at $0.7426 and the second major support level at $0.7247.

Steering clear of the third major support level at $0.6755, Ripple’s XRP rallied to a late intraday high $0.78398.

Falling short of the first major resistance level at $0.7919, however, Ripple’s XRP eased back to end the day at sub-$0.78 levels.

At the time of writing, Ripple’s XRP was down by 0.46% to $0.77051. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.77731 before falling to a low $0.77051.

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

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