Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 19th, 2021

For the day ahead

Litecoin would need to move through the $228.82 pivot level to support a run at the first major resistance level at $236.94.

Support from the broader market would be needed, however, for Litecoin to break out from $235 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s new swing hi $239.11 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $250 before any pullback. The second major resistance level sits at $247.23.

Failure to move through the $228.82 pivot level would bring the first major support level at $218.53 into play.

Barring an extended sell-off, Litecoin should steer clear of the second major support level at $210.41.

Looking at the Technical Indicators

First Major Support Level: $218.53

Pivot Level: $228.82

First Major Resistance Level: $236.94

23.6% FIB Retracement Level: $189

38.2% FIB Retracement Level: $157

62% FIB Retracement Level: $107

Ripple’s XRP fell by 0.54% on Thursday. Following a 2.60% gain from Wednesday, Ripple’s XRP ended the day at $0.53199.

A bullish start to the day saw Ripple’s XRP rise to a mid-morning intraday high $0.55990 before hitting reverse.

Falling short of the first major resistance level at $0.5627, Ripple’s XRP slid to a mid-day intraday low $0.51955.

While steering clear of the first majors support level at $0.4993, Ripple’s XRP fell through the 23.6% FIB of $0.5320.

Finding late support, Ripple’s XRP broke back through the 23.6% FIB of $0.5320 to revisit $0.54 levels. A bearish end to the day, however, saw Ripple’s XRP fall back to sub-$0.5320 levels and into the red

At the time of writing, Ripple’s XRP was down by 0.13% to $0.53131. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.53587 before falling to a low $0.5300.

While leaving the major support and resistance levels untested early on, Ripple’s XRP briefly broke through the 23.6% FIB of $0.5320.

Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 19th, 2021

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(Excerpt) Read more Here | 2021-02-18 19:15:36
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