Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 13th, 2021

Ethereum

Ethereum slid by 5.17% on Monday. Reversing a 1.43% gain from Sunday, Ethereum ended the day at $2,030.72.

A mixed start to the day saw Ethereum rise to an early morning intraday high $2,169.00 before hitting reverse.

Falling short of the first major resistance level at $2,182, Ethereum slid to a late intraday low $2,002.00.

Ethereum fell through the first major support level at $2,090 and the second major support level at $2,040.

Steering clear of sub-$2,000 levels, Ethereum revisited $2,040 levels before easing back. The second major support level pinned Ethereum back late in the day.


At the time of writing, Ethereum was down by 0.41% to $2,022.43. A mixed start to the day saw Ethereum rise to an early morning high $2,033.25 before falling to a low $2,012.27.

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

For the day ahead

Ethereum would need to move through the $2,067 pivot to bring the first major resistance level at $2,133 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $2,100 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $2,169.00 would likely cap any upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $2,300 before any pullback. The second major resistance level sits at $2,234.

Failure to move through the $2,067 pivot would bring the first major support level at $1,966 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,900 levels. The second major support level at $1,900 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1,966

Pivot Level: $2,067

First Major Resistance Level: $2,133

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 0.69% on Monday. Reversing a 0.17% gain from Sunday, Litecoin ended the day at $133.37.

In a mixed start to the day saw Litecoin rally to an early afternoon intraday high $139.65 before hitting reverse.

Litecoin broke through the first major resistance level at $136 and the second major resistance level at $139.

Falling short of $140 levels, however, Litecoin slid to a late intraday low $131.65.

Litecoin briefly fell through the first major support level at $132 before ending the day at $133 levels.

At the time of writing, Litecoin was down by 0.34% to $132.91. A mixed start to the day saw Litecoin rise to an early morning high $133.90 before falling to a low $132.35.

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

https://finance.yahoo.com/

For the day ahead

Litecoin would need to move through the $135 pivot to bring the first major resistance level at $138 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $135 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $139.65 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $145. The second major resistance level sits at $143.

Failure to move through the $135 pivot would bring the first major support level at $130 into play.

Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $127.

Looking at the Technical Indicators

First Major Support Level: $130

Pivot Level: $135

First Major Resistance Level: $138

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP fell by 0.80% on Monday. Partially reversing a 1.43% gain from Sunday, Ripple’s XRP ended the day at $0.62936.

A bullish start to the day saw Ripple’s XRP rally to a mid-morning intraday high $0.65681 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.6474 before sliding to a late intraday low $0.61768.

Ripple’s XRP briefly fell through the first major support level at $0.6199 before a move back through to $0.629 levels.

At the time of writing, Ripple’s XRP was down by 0.21% to $0.62805. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.62953 before falling to a low $0.62525.

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 move through the $0.6346 pivot to bring the first major resistance level at $0.6516 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.65 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.65681 would likely cap any upside.

In the event of another breakout, Ripple’s XRP could test the second major resistance level at $0.6737.

Failure to move through the $0.6346 pivot would bring the first major support level at $0.6125 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.60 levels. The second major support level sits at $0.5955.

Looking at the Technical Indicators

First Major Support Level: $0.6124

Pivot Level: $0.6346

First Major resistance Level: $0.6516

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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