Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 10th, 2021


For the day ahead

Litecoin would need to move through the $182 pivot to bring the first major resistance level at $187 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $185 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $188.85 would likely cap the upside.

In the event of broad-based crypto rally, Litecoin could the second major resistance level at $200. The second major resistance level sits at $194.

Failure to move through the $182 pivot would bring the 23.6% FIB of $178 and the first major support level at $175 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level at $170 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $175

Pivot Level: $182

First Major Resistance Level: $187

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP fell by 1.15% on Thursday. Following a 2.62% decline on Wednesday, Ripple’s XRP ended the day at $1.08799.

A mixed start to the day saw Ripple’s XRP rise to a late morning intraday high $1.13805 before hitting reverse.

Falling short of the first major resistance level at $1.1606, Ripple’s XRP fell to a mid-day intraday low $1.07336.

Steering clear of the 38.2% FIB of $1.0659 and the first major support level at $1.0262, Ripple’s XRP revisited $1.12 levels before falling back into the red.

At the time of writing, Ripple’s XRP was down by 0.05% to $1.08747. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.09327 before falling to a low $1.08701.

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



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