Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 13th, 2021

Ethereum

Ethereum rose by 4.19% on Sunday. Following a 1.79% gain on Saturday, Ethereum ended the week down by 13.88% to $3,403.75.

A mixed start to the day saw Ethereum fall to an early morning intraday low $3,231.75 before making a move.

Steering clear of the first major support level at $3,195, Ethereum rallied to a mid-day intraday high $3,472.99.

Ethereum broke through the first major resistance level at $3,344 and the second major resistance level at $3,422.

The rally also saw Ethereum break through the 23.6% FIB of $3,369 before briefly falling back to sub-$3,310 levels.

Late in the day, however, Ethereum broke back through the first major resistance level and 23.6% FIB to end the day at $3,400 levels.

At the time of writing, Ethereum was up by 0.53% to $3,421.64. A mixed start to the day saw Ethereum fall to an early morning low $3,396.40 before rising to a high $3,421.64.

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

For the day ahead

Ethereum would need to avoid the $3,370 pivot and the 23.6% FIB of $3,369 to bring the first major resistance level at $3,507 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $3,500 levels.

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

In the event of a broad-based crypto rally, Ethereum could test resistance at $3,700 before any pullback. The second major resistance level sits at $3,611.

Failure to move through the $3,370 pivot and the 23.6% FIB would bring the first major support level at $3,266 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level at $3,128 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,266

Pivot Level: $3,370

First Major Resistance Level: $3,507

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 2.45% on Sunday. Following a 2.55% gain on Saturday, Litecoin ended the week down by 21.24% to $182.96.

A mixed start to the day saw Litecoin fall to an early morning intraday low $175.20 before making a move.

While steering clear of the first major support level at $173, Litecoin fell through the 23.6% FIB of $178.

Finding late morning support, however, Litecoin rallied to a late intraday high $186.10.

Litecoin broke back through the 23.6% FIB and through the first major resistance level at $185.

A late sell-off, however, saw Litecoin briefly fall back to $176 levels before a late move back through the 23.6% FIB.

At the time of writing, Litecoin was up by 0.15% to $182.96. A mixed start to the day saw Litecoin fall to an early low $182.75 before rising to a high $184.87.

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

https://finance.yahoo.com/

For the day ahead

Litecoin would need to avoid the $181 pivot to bring the first major resistance level at $188 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $185 levels.

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

In the event of broad-based crypto rally, Litecoin could test resistance at $200. The second major resistance level sits at $192.

A fall through the $181 pivot would bring the 23.6% FIB of $178 and the first major support level at $177 into play.

Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $171.

Looking at the Technical Indicators

First Major Support Level: $177

Pivot Level: $181

First Major Resistance Level: $188

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 3.93% on Sunday. Following a 2.14% gain on Saturday, Ripple’s XRP ended the week down by 14.31% to $1.11980.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.05845 before making a move.

While steering clear of the first major support level at $1.0487, Ripple’s XRP fell through the 38.2% FIB of $1.0659.

Finding early support, however, Ripple’s XRP rose to a late intraday high $1.12709 before easing back.

Ripple’s XRP broke back through the 38.2% FIB and through the first major resistance level at $1.1099 to end the day at $1.11 levels.

At the time of writing, Ripple’s XRP was up by 0.35% to $1.12373. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.12000 to a high $1.12568.

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

https://finance.yahoo.com/

For the day ahead

Ripple’s XRP would need to avoid the $1.1018 pivot to bring first major resistance level at $1.1451 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from $1.12 levels.

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

In the event of a broad-based crypto rebound, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1704.

A fall through the $1.1018 pivot would bring the first major support level at $1.0765 and the 38.2% FIB of $1.0659 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.00 levels. The second major support level at $1.0331 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.0765

Pivot Level: $1.1018

First Major resistance Level: $1.1451

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

This article was originally posted on FX Empire

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