Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 11th, 2021


For the day ahead

Litecoin would need to move through the $178 pivot and the 23.6% FIB of $178 to bring the first major resistance level at $184 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $180 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $187.38 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 $178 pivot and the 23.6% FIB would bring the first major support level at $168 into play.

Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $161.

Looking at the Technical Indicators

First Major Support Level: $168

Pivot Level: $178

First Major Resistance Level: $184

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 3.09% on Friday. Following a 1.15% loss on Thursday, Ripple’s XRP ended the day at $1.0588.

A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $1.24499 before hitting reverse.

Ripple’s XRP broke through the day’s major resistance levels before hitting reverse.

The reversal saw Ripple’s XRP slide to a late intraday low $1.03058.

Ripple’s XRP fell through the 38.2% FIB of $1.0659 and the first major support level at $1.0616.

Finding support at the second major support level at $1.0351, Ripple’s XRP ended the day at $1.05 levels.

At the time of writing, Ripple’s XRP was up by 0.80% to $1.06437. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.05296 before rising to a high $1.06918.

While leaving the major support and resistance levels untested, Ripple’s XRP tested resistance at the 38.2% FIB of $1.0659 early on.



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