Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 5th, 2021

For the day ahead

Litecoin would need to avoid the $143 pivot to bring the first major resistance level at $150 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $150 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $160. The second major resistance level sits at $154.

A fall through the $143 pivot would bring the first major support level at $139 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$135 levels. The second major support level sits at $132.

Looking at the Technical Indicators

First Major Support Level: $139

Pivot Level: $143

First Major Resistance Level: $150

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 3.58% on Sunday. Following a 2.53% gain on Saturday, Ripple’s XRP ended the week up by 7.40% to $0.69587.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.66591 before making a move.

Steering clear of the first major support level at $0.6490, Ripple’s XRP rallied to a late intraday high $0.70946.

Ripple’s XRP broke through the first major resistance level at $0.6910 and the second major resistance level at $0.7091.

A bearish to end the day saw Ripple’s XRP fall back through the second major resistance level to end the day at sub-$0.70 levels.

At the time of writing, Ripple’s XRP was down by 0.76% to 0.69057. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.69548 to a low $0.68964.

Ripple’s XRP left the major support and resistance levels untested early on.