2021-03-25 00:24:11

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 25th, 2021

For the day ahead

Litecoin would need to move through the $182 pivot level to support a run at the first major resistance level at $191 and the 23.6% FIB of $195.

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 23.6% FIB would likely cap any upside.

In the event of an extended rally, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $206.

Failure to move through the $182 pivot level would bring the first major support level at $167 into play.

Barring another extended sell-off, Litecoin should steer clear of the second major support level at $157.

The 38.2% FIB of $163 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $167

Pivot Level: $182

First Major Resistance Level: $191

23.6% FIB Retracement Level: $195

38.2% FIB Retracement Level: $163

62% FIB Retracement Level: $110

Ripple’s XRP

Ripple’s XRP tumbled by 12.77% on Wednesday. Following a modest 0.52% gain on Tuesday, Ripple’s XRP ended the day at $0.47929.

A bullish start saw Ripple’s XRP rally to an early afternoon intraday high $0.56260 before hitting reverse.

Falling short of the first major resistance level at $0.5843, Ripple’s XRP slid to a late intraday low $0.45319.

Ripple’s XRP fell through the first major support level at $0.5266 and the second major support level at $0.5036.

More significantly, Ripple’s XRP also fell through the 23.6% FIB of $0.5320 and the 38.2% FIB of $0.4632.

Finding late support, Ripple’s XRP moved back through 38.2% FIB to end the day at $0.47 levels.

At the time of writing, Ripple’s XRP was up by 0.61% to $0.48223. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.47481 before rising to a high $0.48611.

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

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