xrp crypto stock

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 14th, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 14th, 2021
Written by publisher team

for the next day

Litecoin will need to avoid a pullback across the $315 pivot to support the run at 23.6% FIB and the first major resistance level at $339.

Support from the broader market will be needed, but Litecoin is for a return to the $330 levels.

Barring an extended crypto rally, the first major resistance level and Thursday high at $336 are likely to be capped for any upside move.

In the event of an extended breakout, Litecoin could test the resistance at $350. The second major resistance level is at $360.

Failure to avoid a pullback through the $315 pivot will trigger the first major support level at $294.

Barring another extended sell off, Litecoin should move away from the second major support level at $270.

Looking at technical indicators

First Major Support Level: $294

Pivot level: $315

First major resistance level: $339

23.6% Fib Retracement Level: $322

38.2% Fib Retracement Level: $265

62% Fib Retracement Level: $174

Ripple XRP

XRP of Ripple is up 8.67% on Thursday. After partially reversing its 15.2% drop from Wednesday, XRP finished the day at $1.36,387.

A mixed start to the day saw Ripple XRP drop to an intraday early morning low of $1.2000 before making any move.

Moving away from the first major support level at $1.1483, Ripple XRP reached an intraday high at $1.38951.

While away from the first major resistance at $1.4543, XRP broke through the 23.6% Fib of $1.2807 before bouncing back in the opposite direction.

The reversal saw Ripple’s XRP slip through 23.6% FIB to $1.22 before a late bounce back to $1.36 levels.

At the time of writing, Ripple’s XRP is up 0.12% to $1.36,556. A mixed start to the day saw Ripple XRP drop to an early morning low at $1.35,526 before climbing to $1.37,498.

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

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