Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 15th, 2021

For the day ahead

Litecoin would need to move through the $219 pivot level to support a run at the first major resistance level at $223.

Support from the broader market would be needed, however, for Litecoin to break back through to $220 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $227.94 would likely cap any upside.

In the event of an extended rally, Litecoin could test resistance at $240 before any pullback. The second major resistance level sits at $233.

Failure to move through the $219 pivot level would bring the first major support level at $209 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$200 support levels. The second major support level at $205 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $209

Pivot Level: $219

First Major Resistance Level: $223

23.6% FIB Retracement Level: $195

38.2% FIB Retracement Level: $163

62% FIB Retracement Level: $110

Ripple’s XRP

Ripple’s XRP slid by 4.09% on Sunday. Reversing a 4.52% gain from Saturday, Ripple’s XRP ended the week down by 5.63% to $0.43989.

A mixed start saw Ripple’s XRP rise to an early morning intraday high $0.46124 before hitting reverse.

Ripple’s XRP fell short of the 38.2% FIB of $0.4632 and the first major resistance level at $0.4721.

The reversal saw Ripple’s XRP slide to a final hour intraday low $0.43911. In spite of the pullback, Ripple’s XRP avoided the first major support level at $0.4383 and wrapped up the day at $0.498 levels.

At the time of writing, Ripple’s XRP was up by 0.19% to $0.44072. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.43431 before rising to a high $0.44400.

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


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