Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 2nd, 2021

For the day ahead

Litecoin would need to avoid a fall through the $172 pivot level to support a run at the first major resistance level at $181.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $177.80.

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

In the event of an extended breakout, Litecoin could test resistance at $190 before any pullback. The second major resistance level sits at $185.

Failure to avoid a fall through the $172 pivot level would bring the first major support level at $167 into play.

Barring an extended sell-off, Litecoin should steer clear of the second major support level at $159. The 38.2% FIB of $163 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $167

Pivot Level: $172

First Major Resistance Level: $181

23.6% FIB Retracement Level: $195

38.2% FIB Retracement Level: $163

62% FIB Retracement Level: $110

Ripple’s XRP rallied by 7.04% on Monday. Reversing a 4.45% fall from Sunday, Ripple’s XRP ended the day at $0.44593.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.41314 before making a move.

Steering clear of the first major support level at $0.3939, Ripple’s XRP rallied to a late afternoon intraday high $0.45422.

Ripple’s XRP broke through the first major resistance level at $0.4388 to revisit $0.45 levels for the first time since Saturday.

Falling short of the second major resistance level at $0.4610, however, Ripple’s XRP eased back to end the day at $0.445 levels.

At the time of writing, Ripple’s XRP was up by 0.47% to $0.44802. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.44625 to a high $0.44802.

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

Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 2nd, 2021

Tags: Litecoin price

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(Excerpt) Read more Here | 2021-03-02 02:03:53
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