Home Litecoin Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 4th, 2021 – Yahoo Finance

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 4th, 2021 – Yahoo Finance

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Ethereum

Ethereum rose by 4.01% on Friday. Reversing a 1.08% fall from Thursday, Ethereum ended the day at $3,940.06.

A combined begin to the day noticed Ethereum fall to an early morning intraday low $3,710.59 earlier than making a transfer.

Ethereum fell via the primary main assist stage at $3,728 earlier than rallying to an early afternoon intraday excessive $4,030.35.

Ethereum broke via the day’s main resistance ranges earlier than a late pullback to sub-$4,000.

The pullback noticed Ethereum fall again via the third main resistance stage at $4,014 to finish the day at $3,900 ranges.

On the time of writing, Ethereum was up by 0.69% to $3,967.27. A combined begin to the day noticed Ethereum fall to an early morning low $3,915.00 earlier than rising to a excessive $3,970.00.

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

For the day forward

Ethereum would want to keep away from the $3,894 pivot to carry the primary main resistance stage at $4,077 into play.

Assist from the broader market could be wanted, nonetheless, for Ethereum to interrupt out from Friday’s excessive $4,030.35.

Barring one other prolonged crypto rally, the primary main resistance stage and resistance at $4,100 would doubtless cap any upside.

Within the occasion of a broad-based crypto rally, Ethereum may take a look at the second main resistance stage at $4,213.

A fall via the $3,894 pivot would carry the primary main assist stage at $3,757 into play.

Barring one other prolonged sell-off, nonetheless, Ethereum ought to avoid sub-$3,600 ranges. The second main assist stage sits at $3,574.

Wanting on the Technical Indicators

First Main Assist Stage: $3,757

Pivot Stage: $3,894

First Main Resistance Stage: $4,077

23.6% FIB Retracement Stage: $3,369

38.2% FIB Retracement Stage: $2,740

62% FIB Retracement Stage: $1,725

Litecoin

Litecoin surged by 16.25% on Friday. Following a 1.40% acquire on Thursday, Litecoin ended the day at $213.28.

A bearish begin to the day noticed Litecoin fall to an early morning intraday low $179.87 earlier than making a transfer.

Discovering assist on the first main assist stage at $179, Litecoin surged to a late intraday excessive $218.00.

Litecoin broke via the day’s main resistance ranges to wrap up the day at $213 ranges.

On the time of writing, Litecoin was up by 1.34% to $216.13. A combined begin to the day noticed Litecoin fall to an early morning low $211.52 earlier than rising to a excessive $216.25.

Litecoin left the key assist and resistance ranges untested early on

For the day forward

Litecoin would want to keep away from the $204 pivot to carry the primary main resistance stage at $228 into play.

Assist from the broader market could be wanted, nonetheless, for Litecoin to interrupt out from Friday’s excessive $218.00.

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

Within the occasion of one other prolonged breakout, Litecoin may take a look at the second main resistance stage at $242.

A fall via the $204 pivot would carry the primary main assist stage at $189 into play.

Barring one other prolonged sell-off, nonetheless, Litecoin ought to avoid the 23.6% FIB of $178. The second main assist stage sits at $166.

Wanting on the Technical Indicators

First Main Assist Stage: $189

Pivot Stage: $204

First Main Resistance Stage: $228

23.6% FIB Retracement Stage: $178

38.2% FIB Retracement Stage: $223

62% FIB Retracement Stage: $296

Ripple’s XRP

Ripple’s XRP rose by 2.91% on Friday. Following a 1.35% acquire on Thursday, Ripple’s XRP ended the day at $1.29081.

Monitoring the broader market, Ripple’s XRP fell to an early morning intraday low $1.22020 earlier than making a transfer.

Ripple’s XRP fell via the primary main assist stage at $1.2198 earlier than rallying to a mid-afternoon intraday excessive $1.32354.

Ripple’s XRP broke via the primary main resistance stage at $1.2919 earlier than hitting reverse.

Coming inside vary of the second main resistance stage at $1.3295, Ripple’s XRP fell again via the primary main resistance stage to briefly revisit sub-$1.29 ranges.

Discovering late assist, nonetheless, Ripple’s XRP wrapped up the day at $1.29 ranges.

On the time of writing, Ripple’s XRP was up by 0.32% to $1.29500. A combined begin to the day noticed Ripple’s XRP fall to an early morning low $1.28223 earlier than rising to a excessive $1.29500.

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

For the day forward

Ripple’s XRP might want to keep away from the $1.2782 pivot to carry first main resistance stage at $1.3362 into play.

Assist from the broader market could be wanted, nonetheless, for Ripple’s XRP to interrupt out from Friday’s excessive $1.32354.

Barring an prolonged crypto rally, the primary main resistance stage and resistance at $1.35 would doubtless cap any upside.

Within the occasion of one other breakout, Ripple’s XRP may take a look at resistance at $1.40 earlier than any pullback. The second main resistance stage sits at $1.3815.

A fall via the $1.2782 pivot would carry the primary main assist stage at $1.2328 into play.

Barring one other prolonged sell-off, nonetheless, Ripple’s XRP ought to avoid sub-$1.20 ranges. The second main assist stage sits at $1.1748.

Wanting on the Technical Indicators

First Main Assist Stage: $1.2328

Pivot Stage: $1.2782

First Main resistance Stage: $1.3362

23.6% FIB Retracement Stage: $0.8533

38.2% FIB Retracement Stage: $1.0659

62% FIB Retracement Stage: $1.4096

Please tell us what you suppose within the feedback beneath.

Thanks, Bob

This article was initially posted on FX Empire

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