Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 7th, 2021

For the day ahead

Litecoin would need to avoid a fall back through the $139 pivot to bring the first major resistance level at $143 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $140 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s high $142.73 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $150. The second major resistance level sits at $146.

A fall back through the $139 pivot would bring the first major support level at $136 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$130 levels. The second major support level at $132 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $136

Pivot Level: $139

First Major Resistance Level: $143

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 1.96% on Tuesday. Partially reversing a 6.23% loss from Monday, Ripple’s XRP ended the day at $0.66534.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.65201 before making a move.

Steering clear of the first major support level at $0.6326, Ripple’s XRP rose to a late morning intraday high $0.67966.

Falling short of the first major resistance level at $0.6838, Ripple’s XRP fell back to $0.653 levels and into the red.

A late move back through to S0.66 levels delivered the upside on the day, however.

At the time of writing, Ripple’s XRP was up by 0.06% to $0.66576. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.66258 before rising to a high $0.66711.

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