Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 6th, 2021


For the day ahead

Litecoin would need to avoid the $225 pivot and the 38.2% FIB of $223 to bring the first major resistance level at $240 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $235 levels.

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 $247.

A fall through the $225 pivot and the 38.2% FIB of $223 would bring the first major support level at $218 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$210 levels. The second major support level sits at $203.

Looking at the Technical Indicators

First Major Support Level: $218

Pivot Level: $225

First Major Resistance Level: $240

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 4.11% on Sunday. Reversing a 2.65% decline from Saturday, Ripple’s XRP ended the week up by X% to $1.30683.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $1.23801 before making a move.

Steering clear of the first major support level at $1.2306, Ripple’s XRP rallied to a late intraday high $1.31269 before easing back.

Ripple’s XRP broke through the first major resistance level at $1.2895 to end the day at $1.30 levels.

At the time of writing, Ripple’s XRP was up by 1.35% to $1.32441. A bullish start to the day saw Ripple’s XRP rally from an early morning low $1.31018 to a high $1.34039.

Ripple’s XRP briefly broke through the first major resistance level at $1.3337 before easing back.



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