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

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

Ethereum

Ethereum stock is down 3.46% on Monday. Ethereum partially reversed the 4.19% gains from Sunday, ending the day at $3,286.20.

A mixed start to the day saw Ethereum rise to an early morning intraday high of $3,430.00 before bouncing back in the opposite direction.

After dropping below the first major resistance level at $3,507, Ethereum slipped to its lowest level during the early afternoon today at $3,111.14.

Ethereum fell through the first major support level at $3,266 and the second major support level at $3,128.

Ethereum is also down by 23.6% FIB of $3,369. Finding late support, however, Ethereum broke through key support levels to end the day at $3,280 levels.

At the time of writing, Ethereum is down 0.38% to $3,273.71. A mixed start to the day saw Ethereum rise to an early morning high of $3,288.87 before dropping to $3,273.48.

Ethereum left key support and resistance levels untested early on.

for the next day

Ethereum will need to return across the $3,276 pivot to fetch the first major resistance level at $3,440.

Support from the broader market would be needed, however, for Ethereum to exit the 23.6% FIB of $3,369.

Barring an extended crypto rally, the first major resistance level and Monday’s high at $3430.00 is likely to be the upper bound.

In the event of a broad rally in the cryptocurrency, Ethereum could test the $3,700 resistance before any pullback. The second major resistance level is located at $3,595.

A failure to return through the $3,276 pivot point will trigger the first major support level at $3,122.

However, barring an extended sell-off, Ethereum should move away from the sub-$3,000 levels. The second major support level is located at $2,957.

Looking at technical indicators

First Major Support Level: $3,122

Pivot level: $3,276

First major resistance level: $3,440

23.6% Fib Retracement Level: $3,369

38.2% Fib Retracement Level: $2,740

62% Fib Retracement Level: $1,725

Litecoin

Litecoin is down 1.99% on Monday. After a 2.45% drop on Sunday, Litecoin ended the day at $179.36.

A bearish start to the day saw Litecoin drop to an early morning intraday low $170.82 before making any move.

Litecoin is down 23.6% FIB from $178 and the first major support level at $177.

Finding support at the second major support level at $171, however, Litecoin price surged to an afternoon high at $237.88.

Litecoin broke through the 23.6% FIB level and breached the key resistance levels for the day.

More importantly, Litecoin also broke out 38.2% FIB of $223 before hitting the opposite direction.

The reversal saw Litecoin pull back through the 38.2% FIB and key resistance levels to end the day at $179 levels.

At the time of writing, Litecoin is down 0.55% to $178.38. A mixed start to the day saw Litecoin drop from its early morning high $179.57 to $178.00.

While leaving key support and resistance levels untested, Litecoin tested the 23.6% FIB support at $178.

for the next day

Litecoin will need to move through the $196 pivot point to trigger the first major resistance level at $221.

Support from the broader market will be needed, but Litecoin will need to return to the $200 levels.

Barring an extended rally in the cryptocurrency, resistance at $200 is likely to leave Litecoin short from the first major resistance level and 38.2% FIB at $223.

In the event of another breakout, Litecoin could test resistance at Monday’s high at $237.88. The second major resistance level is located at $263.

A failure to move across the $196 pivot will trigger the 23.6% Fib level of $178 and the first major support level at $154.

However, barring another extended sell off, Litecoin should move away from below $170. The second major support level is at $129.

Looking at technical indicators

First Major Support Level: $154

Pivot level: $196

First major resistance level: $221

23.6% Fib Retracement Level: $178

38.2% Fib Retracement Level: $223

62% FIB Retracement Level: $296

Ripple XRP

XRP for Ripple is down 4.95% on Monday. Ripple’s XRP reversed the 3.93% gain from Sunday, ending the day at $1.06,453.

A mixed start to the day saw XRP surge to an early morning intraday high of $1.12568 before bouncing back in the opposite direction.

After dropping below the first major resistance at $1.1451, Ripple’s XRP fell to an afternoon low at $1.02,285.

Ripple’s XRP fell through the first major support level at $1.0765 and the second major support level at $1.0331.

The extended sell-off also saw XRP fall through the 38.2% Fib of $1.0659 before finding late support.

Late in the day, Ripple’s XRP once again broke through the second major support level to end the day at $1,064 levels.

At the time of writing, XRP is down 0.20% to $1.06240. A mixed start to the day saw XRP drop from the early morning high of $1.06,419 to $1.05695.

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 38.2% FIB of $1.0659 and the $1.0710 pivot to bring the first major resistance level at $1.1192.

Support from the broader market will be needed, however, for XRP to break XRP off from the $1.10 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high at $1.12568 is likely to cap the upside.

In the event of a large-scale crypto rebound, Ripple’s XRP could test the resistance at $1.20 levels before any pullback. The second major resistance level is located at $1.1739.

A failure to move through the 38.2% FIB of $1.0659 and the $1.0710 pivot will trigger the first major support level at $1.0164.

However, barring another extended sell off, XRP of Ripple should move away from levels below $1.00. The second major support level is located at $0.9682.

Looking at technical indicators

The first major support level: 1.0164 USD

Pivot Level: $1.0710

First major resistance level: $1.1192

23.6% Fib Retracement Level: $0.8533

38.2% Fib Retracement Level: $1.0659

62% Fibonacci Retracement Level: $1.4096

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Thanks bob

This article was originally published on FX Empire

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