xrp crypto news

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

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 13th, 2021
Written by publisher team

Ethereum

Ethereum shares are down 3.22% on Friday. Ethereum reversed its gains by 1.75% from Thursday, to end the day at $1,767.79.

A mixed start to the day saw Ethereum climb to an early morning high $1,841.96 before reversing in the opposite direction.

After its price broke below the first major resistance level at $1,874, Ethereum slipped to an early afternoon low at $1,721.15.

The sell-off saw Ethereum drop through its first major support level at $1,752 before finding support.

Moving away from the levels below $1,700, Ethereum re-examined the $1,780 levels before pulling back.

At the time of writing, Ethereum is down 1.24% to $1,745.92. A mixed start to the day saw Ethereum rise to an early morning high at $1,768.82 before dropping to $1,745.47.

Ethereum left key support and resistance levels untested early on.

for the next day

Ethereum will need to move through the $1,777 pivot level to support the run at the first major resistance level at $1,833.

Support from the broader market will be needed, though, to break Ethereum back to $1800 levels.

Barring an extended rally for the cryptocurrency, the first major resistance level and Friday’s high at $1,841.96 are likely to be capped for any upside move.

In the event of a breakout, Ethereum could test the resistance at $1,900 before any pullback. The second major resistance level is located at $1,898.

A failure to move across the $1,777 pivot will trigger the first major support level to emerge at $1,712.

However, barring an extended sell-off, Ethereum should move away from levels below $1,650. The second major support level at $1,656 should limit the downside.

Looking at technical indicators

First major support level: $1,712

Pivot level: $777

First major resistance level: $1,833

23.6% Fib Retracement Level: $1,579

38.2% Fib Retracement Level: $1,292

62% Fib Retracement Level: $830

Litecoin

Litecoin price increased by 9.61% on Friday. After posting a 0.57% gain on Thursday, Litecoin finished the day at $220.84.

A mixed start to the day saw Litecoin climb to a late-morning high of $215.10 before bouncing back in the opposite direction.

Litecoin broke the first major resistance at $206 and the second major resistance at $211.

The reversal saw Litecoin drop to an early afternoon low $198.67 before finding support.

Moving away from the 23.6% FIB level of $195 and the first major support at $194, Litecoin price surged to an intraday high of $224.33.

Litecoin broke through the major resistance levels of the day before falling back through the third major resistance level at $223.

At the time of writing, Litecoin is down 1.23% to $218.12. A mixed start to the day saw Litecoin climb to an early morning high of $221.37 before dropping to $217.70.

Litecoin left key support and resistance levels untested early on.

for the next day

Litecoin will need to avoid falling through the $215 pivot level to support the run at the first major resistance level at $231.

However, support from the broader market will be needed to break out of Friday’s high of $224.33.

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

In the event of an extended rally, Litecoin could test the $245 resistance before any pullback. The second major resistance level is at $240.

Failure to avoid a fall through the $215 pivot level will trigger the first major support level to emerge at $205.

Barring an extended sell off, Litecoin should move away from the second major support level at $189. The 23.6% FIB level of $195 should limit the downside.

Looking at technical indicators

First major support level: $205

Pivot level: $215

The first major resistance level: $231

23.6% Fib Retracement Level: $195

38.2% Fib Retracement Level: $163

62% Fib Retracement Level: $110

Ripple XRP

XRP is down 2.80% on Friday. After a 2.06% drop on Thursday, XRP finished the day at $0.43941.

The mixed start saw Ripple’s XRP surge to an intraday high in the early morning at $0.46441 before bouncing back in the opposite direction.

Ripple’s XRP broke through the 38.2% FIB of $0.4632 and the first major resistance level at $0.4636.

The reversal saw XRP slide to an afternoon low of $0.42330. Ripple’s XRP fell through the first major support level at $0.4408 and the second major support at $0.4295.

After finding support in the early afternoon, Ripple’s XRP re-looked at $0.448 levels before the second decline.

Ripple’s XRP fell once again through the first major support level at $0.4408 to end the day at levels below $0.44.

At the time of writing, XRP is down 0.79% to $0.43595. A mixed start to the day saw Ripple’s XRP surge to an early morning high of $0.43843 before declining to $0.43500.

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

for the next day

Ripple’s XRP will need to move through the $0.4424 pivot level to bring the first major resistance level at $0.4614 and the 38.2% FIB of $0.4632.

Support from the broader market will be needed, however, for Ripple’s XRP to break back into the $0.46 levels.

With the exception of the cryptocurrency’s extended rally, the first major resistance level and 38.2% FIB would cap any upside move.

If the rally continues, Ripple’s XRP could test the $0.48 resistance before any pullback. The second major resistance level is located at $0.4835.

Failure to move across the $0.4424 pivot will trigger the first major support level at $0.4203.

Barring another extended sell off, XRP should move away from levels below $0.40. The second major support level at $0.4013 should limit the downside.

Looking at technical indicators

First major support level: $0.4203

Pivot Level: 0.4424 USD

The first major resistance level: $0.4614

23.6% Fib Retracement Level: $0.5320

38.2% Fib Retracement Level: $0.4632

62% Fib Retracement Level: $0.3521

Please tell us what you think in the comments below.

Thanks bob

This article was originally published on FX Empire

More from FXEMPIRE:

About the author

publisher team