2021-06-28 06:30:48

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 28th, 2021

Ethereum

Ethereum rallied by 8.51% on Sunday. Following a 1.11% gain on Saturday, Ethereum ended the week down by 11.51% to $1,984.71.

A mixed start to the day saw Ethereum rise to an early morning high $1,892.78 before hitting reverse.

Ethereum broke through the first major resistance level at $1,882 before sliding to a late intraday low $1,807.89.

Steering clear of the first major support level at $1,747, however, Ethereum surged to a final hour intraday high $1,988.62.

Ethereum broke back through the first major resistance level and broke through the second major resistance level at $1,934 to end the day at $1,984 levels.

At the time of writing, Ethereum was down by 0.82% to $1,968.53. A mixed start to the day saw Ethereum rise to an early morning high $1,993.67 before falling to a low $1,966.57.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to avoid the $1,927 pivot to bring the first major resistance level at $2,046 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $2,000 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a broad-based crypto rebound, Ethereum could test resistance at $2,200. The second major resistance level sits at $2,108.

A fall through the $1,927 pivot would bring the first major support level at $1,866 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $1,746.

Looking at the Technical Indicators

First Major Support Level: $1,866

Pivot Level: $1,927

First Major Resistance Level: $2,046

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin rose by 4.66% on Sunday. Following a 1.47% gain on Saturday, Litecoin ended the week down by 14.33% to $132.67.

Tracking the broader market, Litecoin rose to an early morning high $129.93 before hitting reverse.

Falling short of the first major resistance level at $131, Litecoin slid to a late intraday low $124.61.

Steering clear of the first major support level at $121, Litecoin jumped to a late intraday high $132.70.

Litecoin broke through the first major resistance level at $131 to end the day at $132 levels.

At the time of writing, Litecoin was down by 0.65% to $131.81. A mixed start to the day saw Litecoin rise to an early morning high $133.27 before falling to a low $131.74.

Litecoin left the major support and resistance levels untested early on.

https://finance.yahoo.com/

For the day ahead

Litecoin would need to avoid the $130 pivot to bring the first major resistance level at $135 into play.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $133.27.

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 $140. The second major resistance level sits at $138.

A fall through the $130 pivot would bring the first major support level at $127 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level at $122 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $127

Pivot Level: $130

First Major Resistance Level: $135

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 5.04% on Sunday. Following a 0.81% gain from Saturday, Ripple’s XRP ended the week down by 16.30% to $0.64794.

A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.63205 before hitting reverse.

Falling short of the first major resistance level at $0.6382, Ripple’s XRP slid to a late intraday low $0.59724.

Steering clear of the first major support level at $0.5880, however, Ripple’s XRP rallied to a late intraday high $0.65238.

Ripple’s XRP broke through the first major resistance level at $0.6382 to end the day at $0.64 levels.

At the time of writing, Ripple’s XRP was down by 1.06% to $0.64106. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.65363 before falling to a low $0.64106

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

https://finance.yahoo.com/

For the day ahead

Ripple’s XRP will need to avoid the $0.6325 pivot to bring the first major resistance level at $0.6678 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.66 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $0.70. The second major resistance level sits at $0.6877.

A fall through the $0.6325 pivot would bring the first major support level at $0.6127 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.5774.

Looking at the Technical Indicators

First Major Support Level: $0.6127

Pivot Level: $0.6325

First Major resistance Level: $0.6678

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

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