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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 25th, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 25th, 2021
Written by publisher team

Ethereum

Ethereum fell by 7.10% on Friday. Reversing the 2.48% rally from Thursday, Ethereum ended the day at $2,930.61.

A mixed start to the day saw Ethereum rise to an intraday high in the early morning at $3,160.48 before bouncing back in the opposite direction.

After dropping below the first major resistance level at $3,213, Ethereum slipped to a late-morning intraday low of $2,735.00.

Ethereum declined through the first major support level at $3,066 and the second major support level at $2,978.

After finding late support, Ethereum briefly breached the second major support level before ending the day at $2,930 levels.

At the time of writing, Ethereum is down $2,926.40. A mixed start to the day saw Ethereum rise to an early morning high of $2942.73 before dropping to a low of $2913.44.

Ethereum left key support and resistance levels untested early on.

for the next day

Ethereum will need to move across the $2,942 pivot to trigger the first major resistance level at $3,149.

Support from the broader market will be needed, though, to break Ethereum back to $3,100 levels.

Barring an extended rally for the cryptocurrency, the first major resistance level and Friday’s high at $3,160.48 are likely to cap the upside.

In the event of a broad rally in the cryptocurrency, Ethereum could test the 23.6% FIB resistance of $3,369 before any pullback. The second major resistance level is located at $3,368.

A failure to move through the pivot of $2,942 will trigger the activation of the 38.2% Fibonacci level of $2,740 and the first major support level at $2,724.

However, barring another extended sell off, Ethereum should move away from levels below $2,600. The second major support level is located at $2,517.

Looking at technical indicators

First major support level: $2,724

Pivot level: $2,942

First major resistance level: $3,149

23.6% Fib Retracement Level: $3,369

38.2% Fib Retracement Level: $2,740

62% Fib Retracement Level: $1,725

Litecoin

Litecoin fell by 7.10% on Friday. The 1.53% rally reversed from Thursday, with Litecoin ending the day at $152.25.

A mixed start to the day saw Litecoin climb to an early morning intraday high $166.65 before bouncing back in the opposite direction.

Against the first major resistance level at $167, Litecoin slipped to an intraday low of $141.82.

An extended sell-off saw Litecoin drop through key support levels for the day.

However, finding support in the afternoon, Litecoin broke through the third major support level at $147 to end the day at $152 levels.

At the time of writing, Litecoin is down 0.12% to $152.06. A mixed start to the day saw Litecoin drop to an early morning low of $151.64 before climbing to $152.91.

Litecoin left key support and resistance levels untested early on.

for the next day

Litecoin will need to move through the $154 pivot to trigger the first major resistance level at $165.

Support from the broader market will be needed, but Litecoin is for a return to the $160 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high of $166.65 are likely to cap the upside.

In the event of another breakout, Litecoin could test the 23.6% FIB resistance at $178 and the second major resistance at $178.

A failure to move across the $154 pivot will trigger the activation of the first major support level at $141.

Barring another extended sell off, Litecoin should move away from below $140. The second major support level is at $129.

Looking at technical indicators

First Major Support Level: $141

Pivot level: $154

First major resistance level: $165

23.6% Fib Retracement Level: $178

38.2% Fib Retracement Level: $223

62% FIB Retracement Level: $296

Ripple XRP

XRP is down 5.82% on Friday. After a 0.24% drop on Thursday, XRP finished the day at $0.94359.

A mixed start to the day saw Ripple’s XRP surge to an early morning intraday high of $1.00291 before bouncing back in the opposite direction.

After dropping below the first major resistance at $1.0224, Ripple’s XRP fell to an intraday low late in the morning at $0.88738.

The extended sell-off saw XRP fall through key support levels for the day.

However, after finding support in the afternoon, Ripple’s XRP re-looked at the $0.958 levels before pulling back.

Ripple’s XRP broke out the third major support level at $0.8997 and the second major support level at $0.9475 before ending the day at levels below $0.947.

At the time of writing, XRP is down 0.47% to $0.93919. A mixed start to the day saw Ripple’s XRP surge to an early morning high at $0.94508 before dropping to $0.93821.

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

for the next day

Ripple’s XRP will need to return across the $0.9446 pivot to bring the first major resistance level at $1.0019.

However, support for Ripple’s XRP will be needed to return to the $1.00 levels.

Barring an extended crypto rally, the first major resistance level and Friday high at $1.00291 is likely to cap the upside.

In the event of a broad rally in the cryptocurrency, Ripple’s XRP could test the 38.2% FIB resistance at $1.0659 before any pullback. The second major resistance level is located at $1.0602.

A failure to move back through the $0.9446 pivot will trigger the first major support level at $0.8863. However, barring an extended sell-off, Ripple’s XRP should avoid the second major support level at $0.8291.

The 23.6% FIB level of $0.8533 should limit the downside.

Looking at technical indicators

First major support level: $0.8863

Pivot Level: $0.9446

First major resistance level: $1.0019

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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