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

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 23rd, 2021

9 min read
Comments Off on Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 23rd, 2021
20

Ethereum

Ethereum rallied by 11.31% on Wednesday. Reversing a 7.08% decline from Tuesday, Ethereum ended the day at $3,078.43.

A blended begin to the day noticed Ethereum fall to an early morning low $2,738.24 earlier than making a transfer.

Despite the early pullback, Ethereum steered away from the primary main help degree at $2,576.

Discovering help on the 38.2% FIB of $2,740, nonetheless, Ethereum rallied to a late intraday excessive $3,090.83.

Ethereum broke again by the 38.2% FIB and thru first main resistance degree at $3,030 to finish the day at $3,070 ranges.

On the time of writing, Ethereum was up by 0.44% to $3,064.90. A blended begin to the day noticed Ethereum rise to an early morning excessive $3,085.23 earlier than falling to a low $3,061.38.

Ethereum left the most important help and resistance ranges untested early on.

For the day forward

Ethereum would want to keep away from the $2,969 pivot to convey the primary main resistance degree at $3,200 into play.

Help from the broader market could be wanted, nonetheless, for Ethereum to interrupt again by to $3,150 ranges.

Barring an prolonged crypto rally, the primary main resistance degree would probably cap the upside.

Within the occasion of a broad-based crypto rally, Ethereum may take a look at resistance on the 23.6% FIB of $3,369 earlier than any pullback. The second main resistance degree sits at $3,322.

A fall by the $2,969 pivot would convey the primary main help degree at $2,848 and the 38.2% FIB of $2,740 into play.

Barring one other prolonged sell-off, nonetheless, Ethereum ought to keep away from sub-$2,700 ranges. The second main help degree sits at $2,617.

Wanting on the Technical Indicators

First Main Help Degree: $2,848

Pivot Degree: $2,969

First Main Resistance Degree: $3,200

23.6% FIB Retracement Degree: $3,369

38.2% FIB Retracement Degree: $2,740

62% FIB Retracement Degree: $1,725

Litecoin

Litecoin rose by 8.69% on Wednesday. Reversing a 5.50% fall from Tuesday, Litecoin ended the day at $161.50.

A blended begin to the day noticed Litecoin fall to an early morning intraday low $145.31 earlier than making a transfer.

Steering away from the primary main help degree at $141, Litecoin rallied to a late intraday excessive $161.87.

Litecoin broke by the primary main resistance degree at $159 to finish the day at $161 ranges.

On the time of writing, Litecoin was down by 1.15% to $159.65. A bearish begin to the day noticed Litecoin fall from an early morning excessive $161.51 to a low $159.06.

Litecoin left the most important help and resistance ranges untested early on.

For the day forward

Litecoin would want to keep away from the $156 pivot to convey the primary main resistance degree at $167 into play.

Help from the broader market could be wanted, nonetheless, for Litecoin to interrupt out from $165 ranges.

Barring an prolonged crypto rally, the primary main resistance degree would probably cap the upside.

Within the occasion of one other breakout, Litecoin may take a look at the second main resistance degree at $173.

A fall by the $156 pivot would convey the primary main help degree at $151 into play.

Barring one other prolonged sell-off, Litecoin ought to keep away from sub-$150. The second main help degree sits at $140.

Wanting on the Technical Indicators

First Main Help Degree: $151

Pivot Degree: $156

First Main Resistance Degree: $167

23.6% FIB Retracement Degree: $178

38.2% FIB Retracement Degree: $223

62% FIB Retracement Degree: $296

Ripple’s XRP

Ripple’s XRP surged by 14.84% on Wednesday. Reversing a 5.22% loss from Tuesday, Ripple’s XRP ended the day at $1.00265.

A bearish begin to the day noticed Ripple’s XRP fall to an early morning low $0.86784 earlier than making a transfer.

Steering away from the 23.6% FIB of $0.8533 and the most important help ranges, Ripple’s XRP rallied to a late intraday excessive $1.00765.

Ripple’s XRP broke by the primary main resistance degree at $0.9356 and the second main resistance degree at $0.9977 to finish the day at $1.0 ranges.

On the time of writing, Ripple’s XRP was down by 0.42% to $0.99845. A blended begin to the day noticed Ripple’s XRP rise to an early morning excessive $1.00816 earlier than falling to a low $0.99609.

Ripple’s XRP left the most important help and resistance ranges untested early on.

For the day forward

Ripple’s XRP would want to keep away from the $0.9594 pivot to convey the primary main resistance degree at $0.1.0509 and the 38.2% FIB of $1.0659 into play.

Help could be wanted, nonetheless, for Ripple’s XRP to interrupt again by to $1.05 ranges.

Barring an prolonged crypto rally, the primary main resistance degree and the 38.2% FIB of $1.0659 would probably cap the upside.

Within the occasion of a broad-based crypto rally, Ripple’s XRP may take a look at resistance at $1.10 ranges earlier than any pullback. The second main resistance degree sits at $1.0992

A fall by $0.9594 pivot would convey the primary main help degree at $0.9111 into play. Barring an prolonged sell-off, nonetheless, Ripple’s XRP ought to keep away from the second main help degree at $0.8196.

The 23.6% FIB of $0.8533 ought to restrict the draw back.

Wanting on the Technical Indicators

First Main Help Degree: $0.9111

Pivot Degree: $0.9594

First Main resistance Degree: $1.0509

23.6% FIB Retracement Degree: $0.8533

38.2% FIB Retracement Degree: $1.0659

62% FIB Retracement Degree: $1.4096

Please tell us what you assume within the feedback under.

Thanks, Bob

This article was initially posted on FX Empire

Extra From FXEMPIRE:


Source link

Comments are closed.

Check Also

Web 3.0-focused altcoins soar as the need for truly decentralized crypto grows

The cryptocurrency market is abuzz on Oct. 25 because the sight of a number of altcoins hi…