Ethereum, Litecoin, and Ripple’s XRP – Each day Tech Evaluation – June fifteenth, 2021


For the day forward

Litecoin would want to keep away from the $176 pivot and the 62% FIB of $174 to convey the primary main resistance stage at $185 into play.

Assist from the broader market can be wanted, nonetheless, for Litecoin to interrupt out from the morning excessive $180.70.

Barring an prolonged crypto rally, the primary main resistance stage would probably cap any upside.

Within the occasion of an prolonged breakout, Litecoin may take a look at resistance at $190. The second main resistance stage sits at $189.

A fall via the $175 pivot and the 62% FIB would convey the primary main assist stage at $171 into play.

Barring an prolonged sell-off, nonetheless, Litecoin ought to avoid sub-$170 ranges. The second main assist stage sits at $162.

A sustained fall via the 62% FIB of $174 would type a near-term bearish development from 10th Might’s swing hello $413.91.

Wanting on the Technical Indicators

First Main Assist Degree: $171

Pivot Degree: $176

First Main Resistance Degree: $185

23.6% FIB Retracement Degree: $322

38.2% FIB Retracement Degree: $265

62% FIB Retracement Degree: $174

Ripple’s XRP

Ripple’s XRP rise by 0.55% on Monday. Following a 6.20% rally on Sunday, Ripple’s XRP ended the day at $0.89048.

A bearish morning noticed Ripple’s XRP fall to a mid-day intraday low $0.86381 earlier than making a transfer.

Steering away from the 62% FIB of $0.8573 and the primary main assist stage at $0.8381, Ripple’s XRP rallied to a late afternoon intraday excessive $0.92923.

Ripple’s XRP broke via the primary main resistance stage at $0.9082 earlier than falling again to sub-$0.90 ranges.

On the time of writing, Ripple’s XRP was down by 0.16% to $0.88905. A blended begin to the day noticed Ripple’s XRP rise to an early morning excessive $0.89088 earlier than falling to a low $0.88651.

Ripple’s XRP left the key assist and resistance ranges untested early on.

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