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

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


For the day ahead

Litecoin would need to avoid a fall through the $176.95 pivot level to support a run at the first major resistance level at $189.68.

Support from the broader market would be needed, however, for Litecoin to break out from the 10th January swing hi $186.34.

Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $197.43.

Failure to avoid a fall through the $176.95 pivot level would bring the first major support level at $169.20 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$160 levels. The second major support level sits at $156.47.

Looking at the Technical Indicators

First Major Support Level: $169.20

Pivot Level: $176.95

First Major Resistance Level: $189.68

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP rose by 5.54% on Tuesday. Following on from a 7.79% rally on Monday, Ripple’s XRP ended the day at $0.47697.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.44946 before making a move.

Steering clear of the first major support level at $0.4203, Ripple’s XRP rallied to an early morning intraday high $0.49092.

Ripple’s XRP broke through the first major resistance level at $0.4768 before a pullback to an afternoon low $0.45025.

The visit into negative territory was brief, however. Finding late support, Ripple’s XRP broke back through the first major resistance level at $0.4768 to end the day at $0.4769 levels.

At the time of writing, Ripple’s XRP was down by 0.49% to $0.47463. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.47949 before falling to a low $0.47463.

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



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