Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 16th, 2021


For the day ahead

Litecoin would need to avoid the $187 pivot to bring the first major resistance level at $194 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $191.86.

Barring an extended crypto rally, the first major resistance level and resistance at $195 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $200. The second major resistance level sits at $199.

A fall through the $187 pivot would bring the first major support level at $182 and 23.6% FIB of $178 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$175. The second major support level at $175 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $182

Pivot Level: $187

First Major Resistance Level: $194

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 2.24% on Wednesday. Following a 3.07% rise on Tuesday, Ripple’s XRP ended the day at $1.12008.

A mixed start to the day saw Ripple’s XRP fall to a mid-morning intraday low $1.07955 before making a move.

Steering clear of the first major support level at $1.0702, Ripple’s XRP rallied to a late intraday high $1.12952.

Ripple’s XRP broke through the first major resistance level at $1.1102 and the second major resistance level at $1.1236.

A late pullback, however, saw Ripple’s XRP fall back through the second major resistance level to end the day at $0.1210 levels.

At the time of writing, Ripple’s XRP was up by 0.03% to $1.12037. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.12150 before falling to a low $1.12037.

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



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