Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 17th, 2021


For the day ahead

Litecoin would need to move through the $188 pivot to bring the first major resistance level at $193 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $190 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $195.49 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $200. The second major resistance level sits at $201.

Failure to move through the $188 pivot would bring the first major support level at $179 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 sits at $174.

Looking at the Technical Indicators

First Major Support Level: $179

Pivot Level: $188

First Major Resistance Level: $193

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 2.71% on Thursday. Reversing a 2.24% gain from Wednesday, Ripple’s XRP ended the day at $1.09108.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.13064 before hitting reverse.

Falling short of the first major resistance level at $1.1399, Ripple’s XRP slid to a late intraday low $1.06601.

Ripple’s XRP fell through the first major support level at $1.0899.

Finding support at the 23.6% FIB of $1.0659, however, Ripple’s XRP broke back through the first major support level to end the day at $1.09 levels.

At the time of writing, Ripple’s XRP was down by 0.22% to $1.08872. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.09001 to a low $1.08872.

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



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