Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 14th, 2021


For the day ahead

Litecoin would need to move through the $196 pivot to bring the first major resistance level at $221 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $200 levels.

Barring an extended crypto rally, resistance at $200 would likely leave Litecoin short of the first major resistance level and the 38.2% FIB of $223.

In the event of another breakout, Litecoin could test resistance at Monday’s high $237.88. The second major resistance level sits at $263.

Failure to move through the $196 pivot would bring the 23.6% FIB of $178 and the first major support level at $154 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$170. The second major support level sits at $129.

Looking at the Technical Indicators

First Major Support Level: $154

Pivot Level: $196

First Major Resistance Level: $221

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP slid by 4.95% on Monday. Reversing a 3.93% gain from Sunday, Ripple’s XRP ended the day at $1.06453.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.12568 before hitting reverse.

Falling short of the first major resistance level at $1.1451, Ripple’s XRP tumbled to an early afternoon intraday low $1.02285.

Ripple’s XRP fell through the first major support level at $1.0765 and the second major support level at $1.0331.

The extended sell-off also saw Ripple’s XRP fall through the 38.2% FIB of $1.0659 before finding late support.

Late in the day, Ripple’s XRP broke back through the second major support level to end the day at $1.064 levels.

At the time of writing, Ripple’s XRP was down by 0.20% to $1.06240. A mixed start to the day saw Ripple’s XRP fall from an early morning high $1.06419 to a low $1.05695.

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



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