Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 9th, 2021

For the day ahead

Litecoin would need to move through the $133 pivot to bring the first major resistance level at $137 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $135 levels.

Barring an extended crypto rally, the first major resistance level and resistance at Thursday’s high $137.81 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $140. The second major resistance level sits at $143.

Failure to move through the $133 pivot would bring the first major support level at $127 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level at $123 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $127

Pivot Level: $133

First Major Resistance Level: $137

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP slid by 4.32% on Thursday. Following a 1.66% decline on Wednesday, Ripple’s XRP ended the day at $0.62407.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.65328 before hitting reverse.

Falling short of the first major resistance level at $0.6672, Ripple’s XRP slid to a late morning intraday low $0.61121.

Ripple’s XRP fell through the day’s major support levels before a partial recovery to $0.62 levels.

The partial recovery saw Ripple’s XRP break back through the third major support level at $0.6126.

At the time of writing, Ripple’s XRP was down by 0.66% to $0.61994. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.62157 to a low $0.61994.

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