Home Litecoin Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 6th, 2021 – Yahoo Finance

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 6th, 2021 – Yahoo Finance

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Ethereum

Ethereum fell by 0.70% on Friday. Following a 1.83% decline on Thursday, Ethereum ended the day at $1,528.82.

A bearish begin to the day noticed Ethereum slide to a late morning intraday low $1,442.32 earlier than discovering assist.

Ethereum fell via the primary main assist stage at $1,488 and the second main assist stage at $1,435.

Steering away from sub-$1,400 ranges, nonetheless, Ethereum bounced again to strike a late intraday $1,551.19.

Whereas breaking again via the main assist ranges, Ethereum failed to interrupt via the day’s pivot stage at $1,556.

On the time of writing, Ethereum was up by 0.73% to $1,540.01 A bullish begin to the day noticed Ethereum rise from an early morning low $1,528.46 to a excessive $1,546.27.

Ethereum left the main 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 $1,507 to assist a run on the first main resistance stage at $1,573 and the 23.6% FIB of $1,579.

Help from the broader market can be wanted, nonetheless, for Ethereum to interrupt out from Friday’s excessive $1,551.19.

Barring an prolonged crypto rally, the primary main resistance stage and resistance at $1,600 would probably cap any upside.

Within the occasion of a breakout, Ethereum might take a look at resistance at $1,650 earlier than any pullback. The second main resistance stage sits at $1,616.

Failure to keep away from a fall via the $1,507 pivot would deliver the primary main assist stage at $1,464 into play.

Barring an prolonged sell-off, nonetheless, Ethereum ought to proceed to avoid sub-$1,400 ranges. The second main assist stage sits at $1,399.

Wanting on the Technical Indicators

First Main Help Stage: $1,464

Pivot Stage: $1,507

First Main Resistance Stage: $1,573

23.6% FIB Retracement Stage: $1,579

38.2% FIB Retracement Stage: $1,292

62% FIB Retracement Stage: $830

Litecoin

Litecoin fell by 0.16% on Friday. Following a 3.75% fall from Thursday, Litecoin ended the day at $180.30.

Monitoring the broader market, Litecoin slid to an early morning intraday low $168.58 earlier than making a transfer.

Litecoin fell via the primary main assist stage at $174 earlier than rallying to a late intraday excessive $183.53.

Developing wanting the day’s pivot stage and first main resistance stage at $191, Litecoin slipped again into the purple.

On the time of writing, Litecoin was up by 0.93% to $181.98. A bullish begin to the day noticed Litecoin rise from an early morning low $180.32 to a excessive $181.98.

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

For the day forward

Litecoin would wish to keep away from a fall via the $178 pivot stage to assist a run on the first main resistance stage at $186.

Help from the broader market can be wanted, nonetheless, for Litecoin to interrupt out from $185 ranges.

Barring an prolonged crypto rally, the primary main resistance stage and resistance at $190 would probably cap any upside.

Within the occasion of an prolonged rally, Litecoin might take a look at the second main resistance stage at $192 and the 23.6% FIB of $195.

Failure to keep away from a fall via the $178 pivot stage would deliver the primary main assist stage at $171 into play.

Barring an prolonged sell-off, Litecoin ought to avoid the second main assist stage at $163 and the 38.2% FIB of $163.

Wanting on the Technical Indicators

First Main Help Stage: $171

Pivot Stage: $178

First Main Resistance Stage: $186

23.6% FIB Retracement Stage: $195

38.2% FIB Retracement Stage: $163

62% FIB Retracement Stage: $110

Ripple’s XRP

Ripple’s XRP slid by 5.27% on Friday. Partially reversing a 7.33% rally from Thursday, Ripple’s XRP ended the day at $0.45649.

It was a uneven begin to the day. Ripple’s XRP rose to an early morning intraday excessive $0.48418 earlier than hitting reverse.

Falling wanting the primary main resistance stage at $0.5050, Ripple’s XRP slid to an early morning intraday low $0.44629.

The sell-off noticed Ripple’s XRP fall via the 38.2% FIB of $0.4632 earlier than steadying.

Discovering assist on the first main assist stage at $0.4463, Ripple’s XRP revisited $0.46 ranges earlier than easing again. The 38.2% FIB of $0.4632 pinned Ripple’s XRP again late within the day.

On the time of writing, Ripple’s XRP was up by 0.19% to $0.45736. A combined begin to the day noticed Ripple’s XRP fall to an early morning low $0.45388 earlier than rising to a excessive $0.45799.

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

For the day forward

Ripple’s XRP might want to transfer via the $0.4623 pivot stage and the 38.2% FIB of $0.4632 to deliver the primary main resistance stage at $0.4784 into play.

Help from the broader market can be wanted, nonetheless, for Ripple’s XRP to interrupt again via to $0.47 ranges.

Barring an prolonged crypto rally, the primary main resistance stage and Friday’s excessive $0.48418 would cap any upside.

Within the occasion of an prolonged rally, Ripple’s XRP might take a look at the second main resistance stage at $0.5002 earlier than any pullback.

Failure to maneuver via the $0.4623 pivot would deliver the primary main assist stage at $0.4405 into play.

Barring one other prolonged sell-off, nonetheless, Ripple’s XRP ought to avoid the second main assist stage at $0.4244.

Wanting on the Technical Indicators

First Main Help Stage: $0.4405

Pivot Stage: $0.4623

First Main resistance Stage: $0.4784

23.6% FIB Retracement Stage: $0.5320

38.2% FIB Retracement Stage: $0.4632

62% FIB Retracement Stage: $0.3521

Please tell us what you suppose within the feedback beneath.

Thanks, Bob

This article was initially posted on FX Empire

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