Home Litecoin Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 22nd, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 22nd, 2021

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For the day forward

Litecoin would want to keep away from the $114 pivot to carry the primary main resistance degree at $123 into play.

Assist from the broader market could be wanted, nonetheless, for Litecoin to interrupt out from Wednesday’s excessive $119.22.

Barring an prolonged crypto rally, the primary main resistance degree and resistance at $125 would possible cap any upside.

Within the occasion of an prolonged breakout, Litecoin might check resistance at $135. The second main resistance degree sits at $128.

A fall by means of the $114 pivot would carry the primary main assist degree at $109 into play.

Barring one other prolonged sell-off, nonetheless, Litecoin ought to avoid sub-$100 ranges. The second main assist degree at $100 ought to restrict the draw back.

Wanting on the Technical Indicators

First Main Assist Stage: $109

Pivot Stage: $114

First Main Resistance Stage: $123

23.6% FIB Retracement Stage: $178

38.2% FIB Retracement Stage: $223

62% FIB Retracement Stage: $296

Ripple’s XRP

Ripple’s XRP rallied by 7.90% on Wednesday. Reversing a 5.22% slide from Tuesday, Ripple’s XRP ended the day at $0.56956.

A uneven begin to the day noticed Ripple’s XRP slide to an early morning intraday low $0.52000 earlier than making a transfer.

Steering away from the primary main assist degree at $0.5066, Ripple’s XRP rallied to a late intraday excessive $0.58395.

Ripple’s XRP broke by means of the primary main resistance degree at $0.5601 to finish the day at $0.569 ranges.

On the time of writing, Ripple’s XRP was up by 1.10% to $0.57580. A combined begin to the day noticed Ripple’s XRP fall to an early morning low $0.56750 earlier than rising to a excessive $0.57664.

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


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