Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 24th, 2021


For the day ahead

Litecoin would need to avoid a fall through the $126 pivot to bring the first major resistance level at $137 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $133.76.

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 $150. The second major resistance level sits at $144.

A fall through the $126 pivot would bring the first major support level at $119 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$110 levels. The second major support level sits at $108.

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: $119

Pivot Level: $126

First Major Resistance Level: $137

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP jumped by 16.72% on Wednesday. Reversing a 10.79% slide from Tuesday, Ripple’s XRP ended the day at $0.6060.

A mixed start to the day saw Ripple’s XRP slide to an early morning intraday low $0.51500 before making a move.

Steering clear of the first major support level at $0.4875, Ripple’s XRP rallied to an early afternoon intraday high $0.66522.

Ripple’s XRP broke through the first major resistance level at $0.6274 before a fall back to $0.60092.

Avoiding sub-$0.60 levels, Ripple’s XRP broke back through the first major resistance level to end the day at $0.637 levels.

At the time of writing, Ripple’s XRP was up by 2.84% to $0.65585. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.64032 to a high $0.65705.

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



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