Ethereum, Litecoin, and Ripples XRP – Daily Tech Analysis – July 19, 2021

ether

Ethereum fell 0.44% on Sunday. Ethereum partially reversed a 1.20% increase from Saturday, ending the week 11.67% to $ 1,891.46.

A mixed start to the day resulted in Ethereum rallying to an early morning intraday high of $ 1,994.40 before entering reverse.

Ethereum broke the first major resistance level at $ 1,929 and the second major resistance level at $ 1,959.

However, Ethereum fell below the $ 2,000 level and slid to an intraday low of $ 1,878.67 in the late afternoon.

To bypass the first major support level at $ 1,860, Ethereum hit the $ 1,900 level again before falling back into the red.

At the time of writing, Ethereum was up 0.77% to $ 1,906.00. A mixed start to the day resulted in Ethereum falling to an early morning low of $ 1,886.17 before rising to a high of $ 1,906.00.

Ethereum left key support and resistance levels untested early on.

For the next day

Ethereum would have to move through the $ 1,922 pivot to bring the first major resistance level into play at $ 1,964.

However, support from the broader market would be required for Ethereum to climb back to $ 1,950 levels.

Aside from an extended crypto rally, the first major resistance level and Sunday’s high at $ 1,994.40 would likely limit any uptrend.

In the event of a large-scale crypto rally, Ethereum could resist a pullback at $ 2,100. The second major resistance level is at $ 2,037.

If the $ 1,922 pivot is not broken, the first major support level at $ 1,849 would come into play.

However, apart from another lengthy sell-off, Ethereum should stay away from under $ 1,800. The second major support level at $ 1,806 should limit the downside.

Look at the technical indicators

First major support level: $ 1,849

Pivot Level: $ 1,922

First major resistance level: $ 1,964

23.6% FIB retracement level: $ 3,369

38.2% FIB retracement level: $ 2,740

62% FIB retracement level: $ 1,725

Litecoin

Litecoin was down 0.76% on Sunday. After losing 0.57% on Saturday, Litecoin ended the week down 11.27% to $ 119.13.

The story goes on

A mixed start to the day caused Litecoin to rebound to an early morning intraday high of $ 124.10 before entering reverse.

Litecoin broke the first major resistance level at $ 123 before slipping to an intraday low of $ 116.37 in the early afternoon.

Litecoin fell through the first major support level at $ 117 before briefly hitting $ 122 again. However, a bearish end to the day caused Litecoin to slide back to $ 117 levels before stabilizing. The first major support level limited the downside late in the day.

At the time of writing, Litecoin was up 0.59% to $ 119.83. A mixed start to the day resulted in Litecoin falling to an early low of $ 118.85 before rising to a high of $ 120.07.

Litecoin left key support and resistance levels untested early on.

For the next day

Litecoin would have to move back through the $ 120 pivot to bring the first major resistance level into play at $ 123.

However, in order for Litecoin to break back to the USD 120 level, support from the broader market would be required.

Aside from an extended crypto rally, the first major resistance level and Sunday’s high at $ 124.10 would likely limit any uptrend.

In the event of a prolonged breakout, Litecoin could test the resistance at $ 130. The second major resistance level is at $ 128.

Failing to break the $ 120 pivot again, the first major support level at $ 116 would come into play.

However, apart from another lengthy sell-off, Litecoin should stay away from below $ 110. The second major support level at $ 112 should limit the downside.

Look at the technical indicators

First major support level: $ 116

Pivot level: $ 120

First major resistance level: $ 123

23.6% FIB retracement level: $ 178

38.2% FIB Retracement Level: $ 223 $ 2

62% FIB retracement level: $ 296

Ripple’s XRP

Ripple’s XRP rose 0.73% on Sunday. Ripple’s XRP partially reversed a 1.59% loss from Saturday, ending the week 7.49% to $ 0.58743.

Chasing the broader market, Ripple’s XRP rebounded to an early morning intraday high of $ 0.60110 before hitting the setback.

Ripple’s XRP broke the first major resistance level at $ 0.5993 before slipping to an intraday low of $ 0.57223 in the early afternoon.

To avoid the first major support level at $ 0.5628, Ripple’s XRP, before briefly revisiting the $ 0.59 level. However, a bearish end of the day caused Ripple’s XRP to drop below $ 0.59 levels to contain the upside.

At the time of writing, Ripple’s XRP was up 0.22% to $ 0.58872. A mixed start to the day resulted in Ripple’s XRP dropping to an early morning low of $ 0.58486 before rising to a high of $ 0.58872.

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

For the next day

Ripple’s XRP needs to avoid relapsing through the $ 0.5869 pivot to bring the first major resistance level into play at $ 0.6016.

However, in order for Ripple’s XRP to break out of the $ 0.5950 level, it would require support from the broader market.

Aside from an extended crypto rally, the first major resistance level and Sunday’s high at $ 0.6011 would likely limit any uptrend.

In the event of another breakout, Ripple’s XRP could test resistance at $ 0.62 before pulling back. The second major resistance level is at $ 0.6158.

A relapse from the $ 0.5869 pivot would bring the first major support level into play at $ 0.5727.

However, subject to another lengthy sell-off, Ripple’s XRP should bypass the second major support level at $ 0.5581.

Look at the technical indicators

First major support level: $ 0.5727

Pivot Level: $ 0.5869

First major resistance level: $ 0.6016

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 published on FX Empire

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