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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 3rd, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 3rd, 2021
Written by publisher team

Ethereum

Ethereum is up 2.79% on Friday. Partially reflecting the 7.45% drop from Thursday, Ethereum ended the day at $2,156.00.

A bearish start to the day saw Ethereum drop to an intraday low late in the day at $2,017.07 before making any move.

The morning reversal saw Ethereum drop through the first major support level at $2,027.

through 2second abbreviation However, in the middle of the day, the price of Ethereum surged to a late-day high of $2,159.43.

After dropping below the first major resistance level at $2,232, Ethereum retreated to end the day at $2,156 levels.

At the time of writing, Ethereum is down 0.28% to $2,150.04. A mixed start to the day saw Ethereum rise to an early morning high of $2,166.60 before dropping to $2,150.04.

Ethereum left key support and resistance levels untested early on.

for the next day

Ethereum will need to avoid the $2111 pivot to trigger the first major resistance level at $2,205.

Support from the broader market will be needed, however, to break Ethereum back to $2,200 levels.

Barring an extended crypto rally, the first major resistance level for any uptrend is likely to be capped.

In the event of a large-scale recovery for the cryptocurrency, Ethereum could test the $2,300 resistance. The second major resistance level is located at $2,253.

A fall through the $2,111 pivot will trigger the first major support level at $2,062.

However, barring another extended sell off, Ethereum should move away from the sub-$2000 levels. The second major support level is located at $1,967.

Looking at technical indicators

First Major Support Level: $2,062

Pivot level: $2,111

First major resistance level: $2,205

23.6% Fib Retracement Level: $3,369

38.2% Fib Retracement Level: $2,740

62% Fib Retracement Level: $1,725

Litecoin

Litecoin is down 0.09% on Friday. After losing 5.03% on Thursday, Litecoin ended the day at $136.91.

A mixed start to the day saw Litecoin climb to an early morning intraday high of $139.00 before bouncing back in the opposite direction.

After dropping below the first major resistance at $143, Litecoin slipped to an intraday low of $130.60.

Litecoin fell through the first major support level at $133 before a partial recovery to $136 levels.

At the time of writing, Litecoin is down 0.35% to $136.43. A mixed start to the day saw Litecoin climb to an early morning high of $137.34 before dropping to a low of $136.43.

Litecoin left key support and resistance levels untested early on.

for the next day

Litecoin will need to avoid the $136 pivot to trigger the first major resistance level at $140.

Support from the broader market will be needed, but Litecoin is for a return to the $140 levels.

Barring an extended rally for the cryptocurrency, the first major resistance level and Friday’s high at $139.00 are likely to culminate in any upside move.

In the event of an extended breakout, Litecoin could test the resistance at $150. The second major resistance level is at $144.

A fall across the $136 pivot would trigger the first major support level at $132.

Barring another extended sell off, Litecoin should move away from the levels below $130. The second major support level is at $127.

Looking at technical indicators

First Major Support Level: $132

Pivot level: $136

First major resistance level: $140

23.6% Fib Retracement Level: $178

38.2% Fib Retracement Level: $223

62% FIB Retracement Level: $296

Ripple XRP

XRP is down 0.34% on Friday. After dropping 6.24% on Thursday, XRP finished the day at $0.65717.

A mixed start to the day saw XRP surge to an early morning intraday high of $0.66686 before bouncing back in the opposite direction.

After dropping below the first major resistance at $0.6948, Ripple’s XRP slipped to an intraday low of $0.63337.

Ripple’s XRP fell through the first major support level at $0.6355 before partially recovering to $0.65 levels.

At the time of writing, XRP is down 0.32% to $0.65509. A mixed start to the day saw Ripple’s XRP surge to an early morning high of $0.65887 before declining to $0.65509.

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

for the next day

Ripple’s XRP will need to avoid the $0.6525 pivot to enter the first major resistance level at $0.6716.

Support from the broader market will be needed, however, for Ripple to break XRP from Friday’s high of $0.66686.

Barring an extended crypto rally, the first major resistance level for any uptrend is likely to be capped.

In the event of another breakout, Ripple’s XRP could test the resistance at $0.70. The second major resistance level is located at $0.6860.

A decline across the $0.6525 pivot will trigger the first major support level at $0.6381.

However, barring another extended sell off, Ripple’s XRP should move away from the second major support level at $0.6190.

Looking at technical indicators

First Major Support Level: $0.6381

Pivot level: $0.6525

The first major resistance level: $0.6716

23.6% Fib Retracement Level: $0.8533

38.2% Fib Retracement Level: $1.0659

62% Fibonacci Retracement Level: $1.4096

Please tell us what you think in the comments below.

Thanks bob

This article was originally published on FX Empire

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