Home Ethereum Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 11th, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – June 11th, 2021

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Ethereum

Ethereum fell by 5.35% on Thursday. Reversing a 4.07% acquire from Wednesday, Ethereum ended the day at $2,471.59.

A combined begin to the day noticed Ethereum rise to an early morning intraday excessive $2,625.00 earlier than hitting reverse.

Falling wanting the primary main resistance stage at $2,691, Ethereum slid to a late intraday low $2,428.16.

The reversal noticed Ethereum fall via the primary main assist stage at $2,469 earlier than ending the day at $2,471 ranges.

On the time of writing, Ethereum was up by 0.93% to $2,494.55. A combined begin to the day noticed Ethereum fall to an early morning low $2,447.31 earlier than putting a excessive $2,499.34.

Ethereum left the main assist and resistance ranges untested early on.

For the day forward

Ethereum would want to maneuver via the $2,508 pivot to carry the primary main resistance stage at $2,588 into play.

Help from the broader market can be wanted, nonetheless, for Ethereum to interrupt out from $2,550 ranges.

Barring an prolonged crypto rally, the primary main resistance stage would doubtless cap any upside.

Within the occasion of a broad-based crypto rally, Ethereum may take a look at resistance on the 38.2% FIB of $2,740. The second main resistance stage sits at $2,705.

Failure to maneuver via the $2,508 pivot would carry the primary main assist stage at $2,392 into play.

Barring one other prolonged sell-off, nonetheless, Ethereum ought to avoid sub-$2,300 ranges. The second main assist stage at $2,311 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Help Stage: $2,392

Pivot Stage: $2,508

First Main Resistance Stage: $2,588

23.6% FIB Retracement Stage: $3,369

38.2% FIB Retracement Stage: $2,740

62% FIB Retracement Stage: $1,725

Litecoin

Litecoin fell by 2.69% on Thursday. Partially reversing a 7.37% rally from Wednesday, Litecoin ended the day at $168.05.

A combined begin to the day noticed Litecoin rise to an early morning intraday excessive $174.69 earlier than hitting reverse.

Whereas falling wanting the primary main resistance stage at $180, Litecoin examined resistance on the 62% FIB of $174.

The reversal noticed Litecoin slide to a late intraday low $162.21.

Steering away from the primary main assist stage at $159, Litecoin discovered assist to finish the day at $168 ranges.

On the time of writing, Litecoin was up by 0.90% to $169.56. A combined begin to the day noticed Litecoin fall to an early morning low $166.25 earlier than putting a excessive $170.20.

Litecoin left the main assist and resistance ranges untested early on.

For the day forward

Litecoin would want to keep away from a fall again via the $168 pivot to carry the 62% FIB and the primary main resistance stage at $174 into play.

Help from the broader market can be wanted, nonetheless, for Litecoin to interrupt out from the morning excessive $170.20.

Barring an prolonged crypto rally, the primary main resistance stage and the 62% FIB would doubtless cap any upside.

Within the occasion of an prolonged breakout, Litecoin may take a look at resistance at $190. The second main resistance stage sits at $181.

A fall again via the $168 pivot would carry the primary main assist stage at $162 into play.

Barring one other prolonged sell-off, nonetheless, Litecoin ought to avoid sub-$160 ranges. The second main assist stage sits at $156.

A sustained fall via the 62% FIB of $174 would type a near-term bearish development from 10th Might’s swing hello $413.91.

Trying on the Technical Indicators

First Main Help Stage: $162

Pivot Stage: $168

First Main Resistance Stage: $174

23.6% FIB Retracement Stage: $322

38.2% FIB Retracement Stage: $265

62% FIB Retracement Stage: $174

Ripple’s XRP

Ripple’s XRP fell by 5.80% on Thursday. Reversing a 5.58% acquire from Wednesday, Ripple’s XRP ended the day at $0.86864.

A combined begin to the day noticed Ripple’s XRP rise to an early morning intraday excessive $0.93000 earlier than hitting reverse.

Falling wanting the primary main resistance stage at $0.9523, Ripple’s XRP slid to a late intraday low $0.85253.

Ripple’s XRP fell via the primary main assist stage at $0.8615 and the 62% FIB of $0.8573.

Discovering late assist, nonetheless, Ripple’s XRP broke again via the main assist stage and the 62% FIB to finish the day at $0.868 ranges.

On the time of writing, Ripple’s XRP was up by 0.19% to $0.87019. A combined begin to the day noticed Ripple’s XRP fall to an early morning low $0.85683 earlier than rising to a excessive $0.87394.

Whereas leaving the main assist and resistance ranges untested early on, Ripple’s XRP examined assist on the 62% FIB of $0.8573.

For the day forward

Ripple’s XRP might want to transfer via the $0.8837 pivot to carry the primary main resistance stage at $0.9149 into play.

Help from the broader market can be wanted, nonetheless, for Ripple’s XRP to interrupt again via to $0.90 ranges.

Barring an prolonged crypto rally, the primary main resistance stage and Thursday’s excessive $0.93000 would doubtless cap any upside.

Within the occasion of one other prolonged rally, Ripple’s XRP may take a look at resistance at $1.00. The second main resistance stage sits at $0.9612.

Failure to maneuver via the $0.8837 pivot would carry the 62% FIB of $0.8573 and the primary main assist stage at $0.8374 into play.

Barring one other prolonged sell-off, nonetheless, Ripple’s XRP ought to avoid sub-$0.80 ranges. The second main assist stage at $0.8062 ought to restrict the draw back.

A sustained fall via the 62% FIB of $0.8573 would type a near-term bearish development from 14th April’s swing hello $1.96598.

Trying on the Technical Indicators

First Main Help Stage: $0.8374

Pivot Stage: $0.8837

First Main resistance Stage: $0.9149

23.6% FIB Retracement Stage: $1.5426

38.2% FIB Retracement Stage: $1.2807

62% FIB Retracement Stage: $0.8573

Please tell us what you suppose within the feedback under.

Thanks, Bob

This article was initially posted on FX Empire

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