Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 12th, 2021

For the day ahead

Litecoin would need to avoid a fall through the $184.41 pivot level to support a run at the first major resistance level at $193.04.

Support from the broader market would be needed, however, for Litecoin to break back through to $190 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s swing hi $195.15 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $202.27.

Failure to avoid a fall through the $184.41 pivot level would bring the first major support level at $175.18 into play.

Barring an extended sell-off, Litecoin should steer clear of the second major support level at $166.55.

Looking at the Technical Indicators

First Major Support Level: $175.18

Pivot Level: $184.41

First Major Resistance Level: $193.04

23.6% FIB Retracement Level: $155

38.2% FIB Retracement Level: $130

62% FIB Retracement Level: $90

Ripple’s XRP

Ripple’s XRP rose by 4.80% on Thursday. Following on from a 6.00% rally on Wednesday, Ripple’s XRP ended the day at $0.52917.

Tracking the broader market, Ripple’s XRP slipped to an early morning intraday low $0.49895 before making a move.

Steering clear of the first major support level at $0.4568, Ripple’s XRP rallied to a late afternoon intraday high $0.53544.

Falling short of the first major resistance level at $0.5487, Ripple’s XRP fell back to end the day at $0.529 levels.

At the time of writing, Ripple’s XRP was down by 0.35% to $0.52733. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.53051 before falling to a low $0.52725.

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



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