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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 13th, 2021

1 min


For the day ahead

Litecoin would need to avoid a fall through the $191.36 pivot level to support another run at the first major resistance level at $205.83.

Support from the broader market would be needed, however, for Litecoin to avoid a fall back to sub-$200 levels.

Barring an extended crypto rally, the first major resistance level and today’s new swing hi $209.50 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $220 before any pullback. The second major resistance level sits at $214.46.

Failure to avoid a fall through the $191.36 pivot level would bring the first major support level at $182.73 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$180 levels. The second major support level sits at $168.26.

Looking at the Technical Indicators

First Major Support Level: $182.73

Pivot Level: $191.36

First Major Resistance Level: $205.83

23.6% FIB Retracement Level: $159

38.2% FIB Retracement Level: $133

62% FIB Retracement Level: $92

Ripple’s XRP

Ripple’s XRP jumped by 15.47% on Friday. Following on from a 4.80% gain on Thursday, Ripple’s XRP ended the day at $0.61031.

Tracking the broader market, Ripple’s XRP slipped to an early morning intraday low $0.5193 before making a move.

Steering clear of the first major support level at $0.5069, Ripple’s XRP rallied to a late intraday high $0.6200.

Ripple’s XRP broke through the day’s major resistance levels and the 62% FIB of $0.5522 to end the day at $0.61 levels.

At the time of writing, Ripple’s XRP was up by 2.47% to $0.62541. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.60662 before rising to a high $0.64320.

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

Source: www.fxempire.com


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