Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 4th, 2021


For the day ahead

Litecoin would need to avoid the $204 pivot to bring the first major resistance level at $228 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $218.00.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of another extended breakout, Litecoin could test the second major resistance level at $242.

A fall through the $204 pivot would bring the first major support level at $189 into play.

Barring another extended sell-off, however, Litecoin should steer clear of the 23.6% FIB of $178. The second major support level sits at $166.

Looking at the Technical Indicators

First Major Support Level: $189

Pivot Level: $204

First Major Resistance Level: $228

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 2.91% on Friday. Following a 1.35% gain on Thursday, Ripple’s XRP ended the day at $1.29081.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $1.22020 before making a move.

Ripple’s XRP fell through the first major support level at $1.2198 before rallying to a mid-afternoon intraday high $1.32354.

Ripple’s XRP broke through the first major resistance level at $1.2919 before hitting reverse.

Coming within range of the second major resistance level at $1.3295, Ripple’s XRP fell back through the first major resistance level to briefly revisit sub-$1.29 levels.

Finding late support, however, Ripple’s XRP wrapped up the day at $1.29 levels.

At the time of writing, Ripple’s XRP was up by 0.32% to $1.29500. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.28223 before rising to a high $1.29500.

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



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