Ethereum price Today – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 8th, 2021 | Fintech Zoom

For the day ahead

Litecoin would need to avoid a fall back through the $151.26 pivot level to support a run at the first major resistance level at $157.18.

Support from the broader market would be needed, however, for Litecoin to break back through to $157 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $157.49 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $165 before any pullback. The second major resistance level sits at $163.42.

Failure to avoid a fall back through the $151.26 pivot level would bring the 23.6% FIB of $148 and the first major support level at $145.02 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$140 levels. The second major support level sits at $139.10.

Looking at the Technical Indicators

First Major Support Level: $145.02

Pivot Level: $151.26

First Major Resistance Level: $157.18

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP slid by 5.48% on Sunday. Following a 1.84% decline on Saturday, Ripple’s XRP ended the week down by 15.35% to $0.41967.

A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.45144 before hitting reverse.

Falling short of the first major resistance level at $0.4585, Ripple’s XRP slid to an early afternoon intraday low $0.39219.

Ripple’s XRP fell through the first major support level at $0.4281 and the second major support level at $0.4120.

More significantly, Ripple’s XRP also fell through the 38.2% FIB of $0.4070 before briefly revisiting $0.4260 levels.

Ripple’s XRP broke back through the 38.2% FIB and the second major support level at $0.4120 to end the day at $0.419 levels.

At the time of writing, Ripple’s XRP was up by 0.77% to $0.42290. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.41686 before rising to a high $0.42302.

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