Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 11th, 2021 – FX Empire

Ethereum, Litecoin, and Ripple's XRP – Daily Tech Analysis – January 11th, 2021 - FX Empire

For the day ahead

Litecoin would need to move through the $172.39 pivot level to support a run at the first major resistance level at $184.16.

Support from the broader market would be needed, however, for Litecoin to break back through to $180 levels.

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

In the event of another extended breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $198.11.

Failure to move through the $172.39 pivot level would bring the first major support level at $158.44 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$150 levels and the 23.6% FIB of $148. The second major support level sits at $146.67.

Looking at the Technical Indicators

First Major Support Level: $158.44

Pivot Level: $172.39

First Major Resistance Level: $184.16

23.6% FIB Retracement Level: $

38.2% FIB Retracement Level: $

62% FIB Retracement Level: $

Ripple’s XRP

Ripple’s XRP fell by 3.16% on Sunday. Reversing a 3.14% gain from Saturday, Ripple’s XRP ended the week up by 39.65% to $0.31525.

It was a bullish start to the day. Ripple’s XRP rose to a mid-morning intraday high $0.3690 before hitting reverse.

The early rally saw Ripple’s XRP break through the first major resistance level at $0.3589.

Coming up short of $0.37 levels, however, Ripple’s XRP slid to a late intraday low $0.28657.

Ripple’s XRP fell through the first major support level at $0.3072 and the second major support level at $0.2889.

More significantly, Ripple’s XRP also fell through the 23.6% FIB of $0.3172.

Finding late support, Ripple’s XRP broke back through the support levels to wrap up the day at $0.31 levels.

The 23.6% FIB pinned Ripple’s XRP back late in the day.

At the time of writing, Ripple’s XRP was down by 3.04% to $0.30567. A mixed start
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