Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 22nd, 2021


For the day ahead

Litecoin would need to move through the $135 pivot to bring the first major resistance level at $145 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 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $160. The second major resistance level sits at $166.

Failure to move through the $135 pivot would bring the first major support level at $114 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$110 levels. The second major support level sits at $103.

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: $114

Pivot Level: $135

First Major Resistance Level: $145

23.6% FIB Retracement Level: $188

38.2% FIB Retracement Level: $231

62% FIB Retracement Level: $301

Ripple’s XRP

Ripple’s XRP slumped by 21.53% on Monday. Reversing a 2.07% gain from Sunday, Ripple’s XRP ended the day at $0.60823.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.77731 before hitting reverse.

Falling short of the first major resistance level at $0.8063, Ripple’s XRP slid to a late intraday low and a new swing lo $0.60442.

The extended sell-off saw Ripple’s XRP slide through the first major support level at $0.7196 and the second major support level at $0.6650.

A late revisit to $0.62 levels was short lived, with support at $0.60 preventing heavier losses on the day.

At the time of writing, Ripple’s XRP was down by 1.19% to $0.60100. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.61377 before falling to a low $0.60100.

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



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