Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 24th, 2021

For the day ahead

Litecoin would need to avoid a fall through the $185.36 pivot level to support a run at the first major resistance level at $190.

Support from the broader market would be needed, however, for Litecoin to break back through to $190 levels.

Barring an extended crypto rally, Tuesday’s high $189.51 and the first major resistance level would likely cap any upside.

In the event of an extended rally, Litecoin could test resistance at the 23.6% FIB of $195 before any pullback. The second major resistance level sits at $194.

Failure to avoid a fall through the $185 pivot level would bring the first major support level at $181 into play.

Barring another extended sell-off, Litecoin should steer clear of the second major support level at $177.

Looking at the Technical Indicators

First Major Support Level: $181

Pivot Level: $185

First Major Resistance Level: $190

23.6% FIB Retracement Level: $195

38.2% FIB Retracement Level: $163

62% FIB Retracement Level: $110

Ripple’s XRP

Ripple’s XRP rose by 0.52% on Tuesday. Following on from a 5.26% rally on Monday, Ripple’s XRP ended the day at $0.54963.

A bullish start saw Ripple’s XRP rally to an early morning intraday high $0.59595 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.5880 before falling to a late intraday low $0.53830.

In spite of the sell-off, Ripple’s XRP steered clear of the 23.6% FIB of $0.5320 and the first major support level at $0.5017.

Finding late support, Ripple’s XRP moved back through to $0.55 levels before easing back.

At the time of writing, Ripple’s XRP was up by 0.45% to $0.55210. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.54684 before rising to a high $0.55210.

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