Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 13th, 2021

For the day ahead

Litecoin would need to avoid the $181 pivot to bring the first major resistance level at $188 into play.

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

Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap the upside.

In the event of broad-based crypto rally, Litecoin could test resistance at $200. The second major resistance level sits at $192.

A fall through the $181 pivot would bring the 23.6% FIB of $178 and the first major support level at $177 into play.

Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $171.

Looking at the Technical Indicators

First Major Support Level: $177

Pivot Level: $181

First Major Resistance Level: $188

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 3.93% on Sunday. Following a 2.14% gain on Saturday, Ripple’s XRP ended the week down by 14.31% to $1.11980.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.05845 before making a move.

While steering clear of the first major support level at $1.0487, Ripple’s XRP fell through the 38.2% FIB of $1.0659.

Finding early support, however, Ripple’s XRP rose to a late intraday high $1.12709 before easing back.

Ripple’s XRP broke back through the 38.2% FIB and through the first major resistance level at $1.1099 to end the day at $1.11 levels.

At the time of writing, Ripple’s XRP was up by 0.35% to $1.12373. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.12000 to a high $1.12568.

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

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