Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – July 3rd, 2021

For the day ahead

Litecoin would need to avoid the $136 pivot to bring the first major resistance level at $140 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 Friday’s high $139.00 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 $144.

A fall through the $136 pivot would bring the first major support level at $132 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$130 levels. The second major support level sits at $127.

Looking at the Technical Indicators

First Major Support Level: $132

Pivot Level: $136

First Major Resistance Level: $140

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP fell by 0.34% on Friday. Following a 6.24% slide on Thursday, Ripple’s XRP ended the day at $0.65717.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.66686 before hitting reverse.

Falling short of the first major resistance level at $0.6948, Ripple’s XRP slid to a midday intraday low $0.63337.

Ripple’s XRP fell through the first major support level at $0.6355 before a partial recovery to $0.65 levels.

At the time of writing, Ripple’s XRP was down by 0.32% to $0.65509. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.65887 before falling to a low $0.65509.

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