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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 22nd, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 22nd, 2021
Written by publisher team

for the next day

Litecoin will need to move across the $135 pivot to trigger the first major resistance level at $145.

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

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

In the event of an extended breakout, Litecoin could test the resistance at $160. The second major resistance level is located at $166.

A failure to move across the $135 pivot will trigger the first major support level at $114.

Barring another extended sell off, Litecoin should move away from the levels below $110. The second major support level is at $103.

The continued decline through 62% Fib from $174 has formed a near-term downtrend from 10y May’s swing is $413.91.

Looking at technical indicators

First Major Support Level: $114

Pivot level: $135

First major resistance level: $145

23.6% Fib Retracement Level: $188

38.2% Fib Retracement Level: $231

62% Fibonacci Retracement Level: $301

Ripple XRP

XRP is down 21.53% on Monday. Ripple’s XRP reversed the 2.07% gain from Sunday, ending the day at $0.60823.

A mixed start to the day saw XRP surge to an early morning intraday high of $0.77731 before bouncing back in the opposite direction.

After dropping below the first major resistance at $0.8063, Ripple’s XRP slipped to an intraday low and a fresh swing of $0.60442.

An extended sell-off saw XRP slide past the first major support level at $0.7196 and the second major support level at $0.6650.

A late return to $0.62 levels was short-lived, with support at $0.60 preventing larger losses on the day.

At the time of writing, XRP is down 1.19% to $0.60,100. A mixed start to the day saw Ripple’s XRP surge to an early morning high of $0.61377 before declining to $0.60,100.

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

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