Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 7th, 2021


For the day ahead

Litecoin would need to move through the $222 pivot and the 38.2% FIB of $223 to bring the first major resistance level at $230 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $225 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $232.41 would likely cap any upside.

In the event of another extended breakout, Litecoin could test the second major resistance level at $240.

Failure to move through the $222 pivot and the 38.2% FIB of $223 would bring the first major support level at $212 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$210 levels. The second major support level sits at $205.

Looking at the Technical Indicators

First Major Support Level: $212

Pivot Level: $222

First Major Resistance Level: $230

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rallied by 6.18% on Monday. Following a 4.11% gain on Sunday, Ripple’s XRP ended the day at $1.39238.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.31018 before making a move.

Steering clear of the first major support level at $1.2590, Ripple’s XRP rallied to a late intraday high $1.41608.

Ripple’s XRP broke through the first major resistance level at $1.3337 and the second major resistance level at $1.3605.

More significantly, Ripple’s XRP also broke through the 62% FIB of $1.4096 before ending the day at sub-$1.40 levels.

At the time of writing, Ripple’s XRP was down by 0.07% to $1.39134. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.39149 to a low $1.38901.

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



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