Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 10th, 2021

Ethereum

Ethereum rose by 1.47% on Friday. Partially reversing an 8.66% tumble from Thursday, Ethereum ended the day at $2,147.38.

A mixed start to the day saw Ethereum slide to an early morning intraday low $2,050.00 before making a move.

Steering clear of the first major support level at $2,026, Ethereum rallied to an early afternoon intraday high $2,189.28.

Falling short of the first major resistance level at $2,267, Ethereum fell back to $2,121 levels before steadying.

At the time of writing, Ethereum was up by 0.32% to $2,154.29. A mixed start to the day saw Ethereum fall to an early morning low $2,141.20 before rising to a high $2,154.99.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to avoid the $2,129 pivot to bring the first major resistance level at $2,208 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $2,189.26.

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

In the event of a broad-based crypto rally, Ethereum could test resistance at $2,300 before any pullback. The second major resistance level sits at $2,268.

A fall through the $2,129 pivot would bring the first major support level at $2,069 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $1,990.

Looking at the Technical Indicators

First Major Support Level: $2,208

Pivot Level: $2,129

First Major Resistance Level: $2,069

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin rose by 1.88% on Friday. Partially reversing a 3.91% loss from Thursday, Litecoin ended the day at $134.61.

A mixed start to the day saw Litecoin slide to an early intraday low $126.08 before making a move.

Litecoin fell through the first major support level at $127.42 before rallying to a late intraday high $135.80.

Falling short of the first major resistance level at $137, Litecoin eased back to end the day at $134 levels.

At the time of writing, Litecoin was up by 0.31% to $135.03. A mixed start to the day saw Litecoin fall to an early morning low $134.45 before rising to a high $135.26.

Litecoin left the major support and resistance levels untested early on.

For the day ahead

Litecoin would need to avoid the $132 pivot to bring the first major resistance level at $138 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $135.80.

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

In the event of an extended breakout, Litecoin could test resistance at $145. The second major resistance level sits at $142.

A fall through the $132 pivot would bring the first major support level at $129 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$125 levels. The second major support level sits at $122.

Looking at the Technical Indicators

First Major Support Level: $129

Pivot Level: $132

First Major Resistance Level: $138

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 2.72% on Friday. Partially reversing a 4.32% fall from Thursday, Ripple’s XRP ended the day at $0.63846.

A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $0.59227 before making a move.

Ripple’s XRP fell through the first major support level at $0.6058 before rising to a mid-afternoon intraday high $0.64521.

Falling short of the first major resistance level at $0.6478, Ripple’s XRP fell back to $0.62 levels before ending the day at $0.63 levels.

At the time of writing, Ripple’s XRP was up by 0.10% to $0.63909. A range-bound start to the day saw Ripple’s XRP rise from an early morning low $0.63675 to a high $0.63909.

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

For the day ahead

Ripple’s XRP will need to avoid the $0.6253 pivot to bring the first major resistance level at $0.6584 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.65 levels.

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

In the event of another breakout, Ripple’s XRP could test the second major resistance level at $0.6783.

A fall through the $0.6253 pivot would bring the first major support level at $0.6054 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.5724.

Looking at the Technical Indicators

First Major Support Level: $0.6054

Pivot Level: $0.6253

First Major resistance Level: $0.6584

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

Please let us know what you think in the comments below.

Thanks, Bob