Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 29th, 2021
For the day ahead
Litecoin would need to avoid the $136 pivot to bring the first major resistance level at $142 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $140 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $150. The second major resistance level sits at $145.
A fall through the $136 pivot would bring the first major support level at $132 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level at $126 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $132
Pivot Level: $136
First Major Resistance Level: $142
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP fell by 0.75% on Monday. Partially reversing a 5.04% gain from Sunday, Ripple’s XRP ended the day at $0.64359.
A mixed start to the day saw Ripple’s XRP fall to a mid-day intraday low $0.62491 before making a move.
Steering clear of the first major support level at $0.6127, Ripple’s XRP rose to a late afternoon intraday high $0.65680.
Falling short of the first major resistance level at $0.6678, Ripple’s XRP fell back to sub-$0.64 levels before finding support.
A late move back through to $0.64 levels limited the damage on the day.
At the time of writing, Ripple’s XRP was up by 0.59% to $0.64736. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.64237 before rising to a high $0.64736.
Ripple’s XRP left the major support and resistance levels untested early on.