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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 20th, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 20th, 2021
Written by publisher team

Ethereum

Ethereum shares are down 3.14% on Sunday. Ethereum reversed its 1.07% gain from Saturday, ending the week 2.21% lower at $3,328.59.

A mixed start to the day saw Ethereum climb to a mid-day high at $3,457.22 before bouncing back in the opposite direction.

After dropping below the first major resistance at $3,530, Ethereum slipped to an intraday low of $3,278.00.

Ethereum fell through the 23.6% FIB of $3,369 and the first major support level at $3,356.

Finding support at the second major support level at $3,276, Ethereum ended the day at $3,300 levels.

At the time of writing, Ethereum is down 1.33% to $3,284.31. A mixed start to the day saw Ethereum climb to an early morning high of $3,346.58 before dropping to $3,283.01.

Ethereum left key support and resistance levels untested early on.

for the next day

Ethereum will need to move through the $3,355 pivot and 23.6% FIB to bring the first major resistance level at $3,431.

Support from the broader market will be needed, however, to break Ethereum back to $3,400 levels.

Barring an extended crypto rally, the first major resistance level and Sunday high at $3,457.22 are likely to cap the upside.

In the event of a broad rally in the cryptocurrency, Ethereum could test the $3,600 resistance before any pullback. The second major resistance level is located at $3,534.

A failure to move through the $3,355 pivot pivot will trigger the activation of the first major support level at $3,252.

However, barring an extended sell-off, Ethereum should move away from levels below $3,100. The second major support level at $3,175 should limit the downside.

Looking at technical indicators

First Major Support Level: $3,252

Pivot level: $3,355

First major resistance level: $3,431

23.6% Fib Retracement Level: $3,369

38.2% Fib Retracement Level: $2,740

62% Fib Retracement Level: $1,725

Litecoin

Litecoin is down 3.08% on Sunday. After reversing its 0.77% gain from Saturday, Litecoin ended the week down 3.94% at $175.76.

A mixed start to the day saw Litecoin climb to an early morning intraday high of $181.72 before bouncing back in the opposite direction.

After dropping below the first major resistance at $186, Litecoin slipped to an intraday low of $173.17.

The reversal saw Litecoin drop through the first major support level at $178 and the 23.6% Fib from $178.

Finding support at the second major support level at $174, however, Litecoin avoided levels below $170.

At the time of writing, Litecoin is down 1.95% to $172.34. A mixed start to the day saw Litecoin climb to an early morning high at $176.13 before dropping to $171.76.

Litecoin tested the first major support level at $172 early on.

for the next day

Litecoin will need to move across the $177 pivot to fetch the 23.6% Fib of $178 and the first major resistance level at $181.

Support from the broader market would be needed, however, for Litecoin to exit 23.6% FIB.

Barring an extended rally for the cryptocurrency, the first major resistance level and Sunday’s high of $181.72 are likely to cap the upside.

In the event of another breach, Litecoin could test the resistance at $190. The second major resistance level is located at $185.

A failure to move across the $177 pivot will trigger a reboot of the first major support level at $172.

Barring another extended sell off, Litecoin should move away from below $165. The second major support level at $168 should limit the downside.

Looking at technical indicators

First Major Support Level: $172

Pivot level: $177

First major resistance level: $181

23.6% Fib Retracement Level: $178

38.2% Fib Retracement Level: $223

62% FIB Retracement Level: $296

Ripple XRP

XRP is down 2.51% on Sunday. After reversing its 0.84% ​​gain from Saturday, XRP ended the week 6.41% lower at $1.04805.

A mixed start to the day saw XRP surge to a midday high at $1.08,399 before bouncing back in the opposite direction.

After dropping below the first major resistance level at $1.0946, Ripple’s XRP slipped to an intraday low of $1.04,075.

Ripple’s XRP fell through the 38.2% FIB of $1.0659 and the first major support level at $1.0569.

Moving away from the second major support level at $1.0379, XRP ended the day at $1.04 levels.

At the time of writing, XRP is down 3.16% to $1.01497. A bearish start to the day saw Ripple XRP drop from the early morning high of $1.40991 to $1.00001.

Ripple’s XRP fell through the first major support level at $1.0312 and briefly through the second major support level at $1.0144.

for the next day

Ripple’s XRP will need to move across the $1.0576 pivot to bring the 38.2% Fib level of $1.0659 and the first major resistance level at $1.0744. However, support for Ripple’s XRP will be needed to pull back through the first major support level to $1.05 levels.

Barring an extended crypto rally, the first major resistance level is likely to be the upper bound.

In the event of a broad rally in the cryptocurrency, Ripple’s XRP could test the second major resistance level at $1.1008.

Failure to move back through the first major support level at $1.0312 would restart the second major support level and sub $1.00 levels.

Barring another extended sell off, Ripple’s XRP should move away from the third major support level at $0.9711.

Looking at technical indicators

First major support level: $1.0312

Pivot Level: $1.0576

First major resistance level: $1.0744

23.6% Fib Correction 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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