Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 15th, 2021


For the day ahead

Litecoin would need to move back through the $183 pivot to bring the first major resistance level at $189 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 Tuesday’s high $188.88 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $200. The second major resistance level sits at $195.

Failure to move back through the $183 pivot would bring the 23.6% FIB of $178 and the first major support level at $177 into play.

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

Looking at the Technical Indicators

First Major Support Level: $177

Pivot Level: $183

First Major Resistance Level: $189

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 3.07% on Tuesday. Partially reversing a 4.95% slide from Monday, Ripple’s XRP ended the day at $1.09682

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.05695 before making a move.

Steering clear of the first major support level at $1.0164, Ripple’s XRP rallied to a final hour intraday high $1.09700.

While falling short of the first major resistance level at $1.1192, Ripple’s XRP broke through the 38.2% FIB of $1.0659 to end the day at $1.09 levels.

At the time of writing, Ripple’s XRP was down by 0.17% to $1.09493. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.09688 before falling to a low $1.09153.

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



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