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

ether

Ethereum fell 5.85% on Friday. Ethereum reversed a 0.21% gain from Thursday and ended the day at $ 2,234.47.

A mixed start to the day caused Ethereum to climb to an early morning intraday high of $ 2,377.80 before hitting the setback.

Ethereum fell below the first major resistance level of $ 2,453 and slid to a late afternoon intraday low of $ 2,125.12.

Ethereum fell through the first major support level at $ 2,300 and the second major support level at $ 2,227.

To stay away from support levels below $ 2,100, Ethereum broke back late in the day through the second major support level at $ 2,227.

At the time of writing, Ethereum was up 0.61% to $ 2,248.10. A mixed start to the day resulted in Ethereum falling to an early morning low of $ 2,223.83 before rising to a high of $ 2,248.61.

Ethereum left key support and resistance levels untested early on.

For the next day

Ethereum would have to avoid a relapse from the $ 2,246 pivot to bring into play the first major resistance level at $ 2,367.

However, for Ethereum to break back to $ 2,300 levels, support from the broader market would be required.

Aside from an extended crypto rally, the first major resistance level and Friday high of $ 2,377.80 would likely limit any uptrend.

In the event of a large-scale crypto rally, Ethereum could test the second major resistance level at $ 2,499.

A relapse from the $ 2,246 pivot would bring the first major support level into play at $ 2,114.

However, apart from another lengthy sell-off, Ethereum should stay away from under $ 2,000. The second major level of support is at $ 1,993.

Look at the technical indicators

First major support level: $ 2,114

Pivot level: $ 2,246

First major resistance level: $ 2,367

23.6% FIB retracement level: $ 3,369

38.2% FIB retracement level: $ 2,740

62% FIB retracement level: $ 1,725

Litecoin

Litecoin was down 6.44% on Friday. Litecoin reversed a 0.36% increase from Thursday, ending the day at $ 156.41.

A mixed start to the day resulted in Litecoin rising to a mid-morning intraday high of $ 167.39 before going into reverse.

The story goes on

Litecoin fell below the first major resistance level at $ 173 and slid to an intraday low of $ 151.11 in the late afternoon.

Litecoin fell through the first major support level at $ 162 and the second major support level at $ 157.

Litecoin stayed below $ 150 and ended the day at a level of $ 156.

At the time of writing, Litecoin was up 0.50% to $ 157.19. A mixed start to the day resulted in Litecoin falling to an early morning low of $ 155.66 before rising to a high of $ 157.20.

Litecoin left key support and resistance levels untested early on.

For the next day

Litecoin would have to move through the $ 158 pivot to bring into play the first major resistance level at $ 166.

However, in order for Litecoin to break back to the USD 160 level, support from the broader market would be required.

Aside from an extended crypto rally, Friday’s first major resistance level and $ 167.39 high would likely limit any uptrend.

In the event of a prolonged breakout, Litecoin could test resistance at 62% FIB of $ 174. The second major resistance level is at $ 175.

If the $ 158 pivot is not broken, the first major support level at $ 149 would come into play.

However, apart from another lengthy sell-off, Litecoin should stay away from under $ 140. The second major support level at $ 142 should limit the downside.

A sustained decline through the 62% FIB of $ 174 would form a short-term downtrend from the May 10 swing to $ 413.91.

Look at the technical indicators

First major support level: $ 149 $ 1

Pivot Level: $ 158 $ 1

First major resistance level: $ 166

23.6% FIB retracement level: $ 322

38.2% FIB Retracement Level: $ 265

62% FIB retracement level: $ 174

Ripple’s XRP

Ripple’s XRP was down 5.33% on Friday. Ripple’s XRP reversed a 0.89% increase from Thursday, ending the day at $ 0.79529.

A bullish start to the day caused Ripple’s XRP to soar to a late morning intraday high of $ 0.84480 before reversing.

Below the 62% FIB of $ 0.8573 and the first major resistance level at $ 0.8600, Ripple’s XRP slid to an intraday low of $ 0.77000 in the late afternoon.

The extended sell-off caused Ripple’s XRP to slide through the first major support level at $ 0.8224 and the second major support level at $ 0.8041.

To bypass the third major support level at $ 0.7665, Ripple’s XRP ended the day at $ 0.79.

At the time of writing, Ripple’s XRP was up 0.43% to $ 0.79874. A mixed start to the day resulted in Ripple’s XRP dropping to an early morning low of $ 0.79436 before rising to a high of $ 0.79929.

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

For the next day

Ripple’s XRP needs to move through the $ 0.8034 pivot to bring into play the first major resistance level at $ 0.8367 and the 62% FIB of $ 0.8573.

However, in order for Ripple’s XRP to break back to the $ 0.85 level, support from the broader market would be required.

Aside from an extended crypto rally, Friday’s high of $ 0.8448 and the FIB of 62% would likely limit any uptrend.

In the event of another extended rally, Ripple’s XRP could test the resistance at $ 0.90. The second major resistance level is at $ 0.8782.

If the $ 0.8034 pivot is not broken, the first major support level at $ 0.7619 would come into play.

However, aside from another lengthy sell-off, Ripple’s XRP should stay away from below $ 0.70 levels. The second major support level at $ 0.7286 should limit the downside.

A continued decline through the 62% FIB of $ 0.8573 would form a short-term downtrend from April 14th to $ 1.96598.

Look at the technical indicators

First major support level: $ 0.7619

Pivot Level: $ 0.8034

First major resistance level: $ 0.8367

23.6% FIB retracement level: $ 1.5426

38.2% FIB Retracement Level: $ 1.2807

62% FIB Retracement Level: $ 0.8573

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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