Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 15th, 2021
For the day ahead
Litecoin would need to move through the $217.77 pivot level to support a run at the first major resistance level at $226.97.
Support from the broader market would be needed, however, for Litecoin to breakout from $225 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s new swing hi $230.81 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $240 before any pullback. The second major resistance level sits at $240.01.
Failure to move through the $217.77 pivot level would bring the first major support level at $204.73 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$200 levels. The second major support level sits at $195.53.
Looking at the Technical Indicators
First Major Support Level: $204.73
Pivot Level: $217.77
First Major Resistance Level: $226.97
23.6% FIB Retracement Level: $182
38.2% FIB Retracement Level: $152
62% FIB Retracement Level: $104
Ripple’s XRP slid by 6.74% on Sunday. Reversing a 3.91% gain from Saturday, Ripple’s XRP ended the week up by 41.34% to $0.59259.
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.64031 before hitting reverse.
Falling short of the first major resistance level at $0.6706, Ripple’s XRP slid to an early afternoon intraday low $0.56213.
Ripple’s XRP fell through the first major support level at $0.5710 before briefly revisiting $0.61 levels.
A bearish end to the day, however, saw Ripple’s XRP fall back to end the day at sub-$0.60 levels.
At the time of writing, Ripple’s XRP was up by 1.36% to $0.60067. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.59312 to a high $0.60304.
Ripple’s XRP left the major support and resistance levels untested early on.