Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 12th, 2021


For the day ahead

Litecoin would need to avoid the $368 pivot to support a run at the first major resistance level at $390.

Support from the broader market would be needed, however, for Litecoin to break out from $385 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 $410. The second major resistance level sits at $402.

Failure to avoid a fall through the $368 pivot would bring the first major support level at $356 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$340. The Second major support level sits at $333.

Looking at the Technical Indicators

First Major Support Level: $356

Pivot Level: $368

First Major Resistance Level: $390

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 6.31% on Tuesday. Partially reversing a 9.39% slide from Monday, Ripple’s XRP ended the day at $1.47957.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.35105 before making a move.

Steering clear of the 38.2% FIB of $1.2807 and the first major support at $1.1855, Ripple’s XRP rose to a late afternoon intraday high $1.48956.

Falling short of the 23.6% FIB of $1.5426 and the first major resistance level at $1.6137, Ripple’s XRP eased back to end the day at $1.47 levels.

At the time of writing, Ripple’s XRP was up by 1.38% to $1.49998. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.4740 before rising to a high $1.49998.

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



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