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

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

Ethereum

Ethereum stock is down 1.22% on Sunday. After losing 0.14% on Saturday, Ethereum ended the week down 3.49% to $1,784.0.

A mixed start to the day saw Ethereum rise to an early morning intraday high of $1,818.86 before reversing in the opposite direction.

After dropping below the first major resistance level at $1,850, Ethereum slipped to an intraday low late in the morning at $1,748.25.

Ethereum declined through the first major support level at $1,782 and the second major support level at $1,757.

Moving away from the levels below $1700, Ethereum re-examined the $1800 levels before retreating into the red.

The first major support level at $1,782 capped the downtrend late in the day.

At the time of writing, Ethereum is down 0.43% to $1,776.34. A mixed start to the day saw Ethereum rise to an early morning high at $1,787.53 before dropping to $1,773.49.

Ethereum left key support and resistance levels untested early on.

for the next day

Ethereum will need to return through the $1,784 pivot level to support a run at the first major resistance level at $1,819.

However, support from the broader market will be needed to exit Ethereum from Sunday’s high of $1,818.86.

Barring an extended crypto rally, the first major resistance level and Sunday high are likely to cap any upside.

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 $1,854.

A failure to return across the $1,784 pivot will trigger the first major support level at $1,749.

However, barring an extended sell-off, Ethereum should move away from levels below $1,700. The second major support level at $1,713 should limit the downside.

Looking at technical indicators

First major support level: $1,749

Pivot level: $1,784

First major resistance level: $1,819

23.6% Fib Retracement Level: $1,579

38.2% Fib Retracement Level: $1,292

62% Fib Retracement Level: $830

Litecoin

Litecoin is down 2.31% on Sunday. After reversing its 0.14% gain from Saturday, Litecoin ended the week down 8.64% to $195.53.

A mixed start to the day saw Litecoin climb to an early morning high of $201.95 before reversing in the opposite direction.

After dropping below the first major resistance level at $205, Litecoin slipped to an intraday low of $192.37.

Litecoin fell through the first major support level at $197 and the second major support level at $194.

More importantly, Litecoin also fell through 23.6% FIB from $195 before finding support.

Moving away from below zero $190, Litecoin re-examined the $198 levels before reversing back into the red.

While pulling back through the first major support level, the 23.6% FIB of $195 limited the downside of late.

At the time of writing, Litecoin is down 0.50% to $194.55. A mixed start to the day saw Litecoin climb to an early morning high of $196.05 before dropping to a low of $194.55.

While key support and resistance levels were left untested, Litecoin is down through 23.6% FIB from $195 early on.

for the next day

Litecoin will need to return through the 23.6% FIB and the $197 pivot level to support the breakout at the first major resistance level at $201.

Support from the broader market will be needed, however, for Litecoin to break out of the $200 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high of $201.95 are likely to cap an upside move.

In the event of an extended rally, Litecoin could test the $210 resistance before any pullback. The second major resistance level is located at $206.

A failure to return through the 23.6% FIB and the $197 pivot level will trigger the first major support level at $191.

Barring an extended sell off, Litecoin should move away from the support levels below $185. The second major support level at $187 should limit the downside.

Looking at technical indicators

First Major Support Level: $191

Pivot level: $197

First major resistance level: $201

23.6% Fib Retracement Level: $195

38.2% Fib Retracement Level: $163

62% Fib Retracement Level: $110

Ripple XRP

XRP is down 1.73% on Sunday. After partially reversing the 12.62% rally from Saturday, XRP ended the week 17.77% higher at $0.51710.

The bullish start saw Ripple’s XRP surge to an early morning intraday high of $0.5458 before bouncing back in the opposite direction.

While away from the first major resistance level at $0.5777, Ripple XRP broke through the 23.6% Fib of $0.5320.

However, the reversal saw XRP drop to an intraday low of $0.49602 before finding support.

While pulling back through 23.6% FIB, XRP of Ripple avoided the 38.2% Fib of $0.4632 and key support levels.

through 2second abbreviation Halfway through the day, Ripple’s XRP re-visited the $0.52 levels before easing back below $0.52.

At the time of writing, XRP is down 1.15% to $0.51114. A bearish start to the day saw Ripple XRP drop from the early morning high of $0.51720 to $0.51057.

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 $0.5196 pivot level to bring the first major resistance level at $0.5433.

Support from the broader market will be needed, however, for Ripple’s XRP to exit 23.6% FIB at $0.5320.

Barring the cryptocurrency’s extended rally, the first major resistance level and Sunday high at $0.5458 would cap any upside move.

In the event of an extended rally, Ripple’s XRP could test the resistance at $0.58 levels before any pullback. The second major resistance level is located at $0.5694.

A failure to move across the $0.5196 pivot will trigger the first major support level at $0.4935.

However, barring an extended sell-off, Ripple’s XRP should move away from levels below $0.45. The second major support level at $0.4699 should limit the downside.

Looking at technical indicators

First major support level: $0.4935

Pivot level: 0.5196 USD

First major resistance level: $0.5433

23.6% Fib Retracement Level: $0.5320

38.2% Fib Retracement Level: $0.4632

62% Fib Retracement Level: $0.3521

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Thanks bob

This article was originally published on FX Empire

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