Home Litecoin Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 23rd, 2021 – Yahoo Finance

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 23rd, 2021 – Yahoo Finance

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Ethereum

Ethereum slid by 8.11% on Monday. Reversing a 1.07% acquire from Sunday, Ethereum ended the day at $1,778.66.

A blended begin to the day noticed Ethereum rise to an early morning intraday excessive $1,938.95 earlier than hitting reverse.

Falling in need of the primary main resistance stage at $1,980, Ethereum slid to an early afternoon intraday low $1,508.35.

The sell-off noticed Ethereum fall via the via the day’s main assist ranges and the 23.6% FIB of $1,579.

Discovering late assist, nonetheless, Ethereum broke again via the 23.6% FIB and the third main assist stage at $1,749 to finish the day at $1,770 ranges.

On the time of writing, Ethereum was down by 1.22% to $1,756.95 A blended begin to the day noticed Ethereum rise to an early morning excessive $1,783.22 earlier than falling to a low $1,755.30.

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

For the day forward

Ethereum would wish to keep away from a fall via the pivot stage at $1,742 to assist a run on the first main resistance stage at $1,976.

Help from the broader market can be wanted, nonetheless, for Ethereum to interrupt again via to $1,900 ranges.

Barring an prolonged crypto rally, the primary main resistance stage and Monday’s excessive $1,938.95 would possible cap any upside.

Within the occasion of an prolonged crypto rally, Ethereum might take a look at the second main resistance stage at $2,173.

Failure to keep away from a fall via the $1,742 pivot would carry the 23.6% FIB of $1,579 and the primary main assist stage at $1,545 into play.

Barring one other prolonged sell-off, nonetheless, Ethereum ought to avoid the second main assist stage at $1,311.

Trying on the Technical Indicators

First Main Help Degree: $1,545

Pivot Degree: $1,742

First Main Resistance Degree: $1,976

23.6% FIB Retracement Degree: $1,528

38.2% FIB Retracement Degree: $1,251

62% FIB Retracement Degree: $804

Litecoin

Litecoin slid by 8.50% on Monday. Reversing a 0.22% acquire from Sunday, Litecoin ended the day at $208.23.

It was a bearish begin to the day. Litecoin slid from an early morning intraday excessive $227.72 to an early afternoon intraday low $179.02.

The sell-off noticed Litecoin fall via the day’s main assist ranges and the 23.6% FIB of $195.

Discovering late assist, nonetheless, Litecoin broke again via the third main assist stage at $199.85.

Extra considerably, Litecoin additionally broke again via the 23.6% FIB of $195 to wrap up the day at $208 ranges.

On the time of writing, Litecoin was down by 1.92% to $204.24. A blended begin to the day noticed Litecoin rise to an early morning excessive $208.94 earlier than falling to a low $204.12.

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

For the day forward

Litecoin would wish to maneuver again via the $204.99 pivot stage to assist a run on the first main resistance stage at $230.96.

Help from the broader market can be wanted, nonetheless, for Litecoin to interrupt again via to $220 ranges.

Barring an prolonged crypto rally, the primary main resistance stage and Monday’s excessive $227.72 would possible cap any upside.

Within the occasion of an prolonged breakout, Litecoin might take a look at resistance at $240 earlier than any pullback. The second main resistance stage sits at $253.69.

Failure to maneuver again via the $204.99 pivot stage would carry the 23.6% FIB of $195 and the primary main assist stage at $182.26 into play.

Barring one other prolonged sell-off, Litecoin ought to steer nicely away from the second main assist stage at $156.26. The 38.2% FIB of $163 ought to restrict the draw back within the occasion of a sell-off.

Trying on the Technical Indicators

First Main Help Degree: $182.26

Pivot Degree: $204.99

First Main Resistance Degree: $230.96

23.6% FIB Retracement Degree: $191

38.2% FIB Retracement Degree: $159

62% FIB Retracement Degree: $108

Ripple’s XRP

Ripple’s XRP rose by 3.87% on Monday. Following on from a 6.47% rally from Sunday, Ripple’s XRP ended the day at $0.56619.

A blended begin to the day noticed bounce to a mid-morning intraday excessive $0.64919.

Ripple’s XRP broke via the day’s main resistance ranges earlier than hitting reverse.

Going into the twond half of the day, Ripple’s XRP slid to an early afternoon intraday low $0.47000.

Ripple’s XRP fell via the primary main assist stage at $0.5132 and the second main assist stage at $0.4813.

Extra considerably, Ripple’s XRP fell again via the 23.6% FIB of $0.5320 earlier than revisiting $0.63 ranges late within the day.

Ripple’s XRP broke again via the primary main resistance stage at $0.5677 and the second main resistance stage at $0.5903.

A bearish finish to the day, nonetheless, noticed Ripple’s XRP fall again via the key resistance ranges to finish the day at $0.566 ranges.

On the time of writing, Ripple’s XRP was down by 1.53% to 0.55755. A blended begin to the day noticed Ripple’s XRP rise to an early morning excessive $0.56869 earlier than falling to a low $0.55602.

Ripple’s XRP left the key assist and resistance ranges untested early on.

For the day forward

Ripple’s XRP might want to transfer again via the $0.5618 pivot stage to carry the primary main resistance stage at $0.6536 into play.

Help from the broader market can be wanted, nonetheless, for Ripple’s XRP to interrupt out from Monday’s excessive $0.64919.

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

Within the occasion of an prolonged rally, Ripple’s XRP might take a look at resistance at $0.70 earlier than any pullback. The second main resistance stage sits at $0.7410.

Failure to maneuver again via the $0.5618 pivot would carry the 23.6% FIB of $0.5320 and the primary main assist stage at $0.4744 into play.

Barring one other prolonged sell-off, nonetheless, Ripple’s XRP ought to steer nicely away from the second main assist stage at $0.3826. The 38.2% FIB of $0.4632 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Help Degree: $0.4744

Pivot Degree: $0.5618

First Main Resistance Degree: $0.6536

23.6% FIB Retracement Degree: $0.5320

38.2% FIB Retracement Degree: $0.4632

62% FIB Retracement Degree: $0.3521

Please tell us what you assume within the feedback under.

Thanks, Bob

This article was initially posted on FX Empire

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