Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 8th, 2021

For the day ahead

Litecoin would need to move through 23.6% FIB and the $187 pivot to bring the first major resistance level at $213 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $200 levels.

Barring an extended crypto rally, resistance at $200 would likely leave Litecoin short of the first major resistance level.

In the event of broad-based crypto rebound, Litecoin could test the 38.2% FIB of $223. The second major resistance level sits at $248.

Failure to move through 23.6% FIB of $178 and the $187 pivot would bring the first major support level at $152 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$160 levels. The second major support level sits at $126.

Looking at the Technical Indicators

First Major Support Level: $152

Pivot Level: $187

First Major Resistance Level: $213

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP tumbled by 19.26% on Tuesday. Reversing a 6.18% gain from Monday, Ripple’s XRP ended the day at $1.12345.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.39243 before hitting reverse.

Falling short of the 62% FIB of $1.4096 and the first major resistance level at $1.4356, Ripple’s XRP slumped to a mid-afternoon intraday low $0.91000.

The sell-off saw Ripple’s XRP fall through the day’s major support levels.

Ripple’s XRP also fell through the 38.2% FIB of $1.0659 before ending the day at $1.12 levels.

At the time of writing, Ripple’s XRP was down by 0.50% to $1.11784. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.13203 before falling to a low $1.10093.

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

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