Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 20th, 2021

Ethereum

Ethereum fell by 3.14% on Sunday. Reversing a 1.07% acquire from Saturday, Ethereum ended the week down by 2.21% to $3,328.59.

A blended begin to the day noticed Ethereum rise to a mid-morning intraday excessive $3,457.22 earlier than hitting reverse.

Falling in need of the primary main resistance degree at $3,530, Ethereum slid to a late intraday low $3,278.00.

Ethereum fell via the 23.6% FIB of $3,369 and the primary main help degree at $3,356.

Discovering help on the second main help degree at $3,276, Ethereum ended the day at $3,300 ranges.

On the time of writing, Ethereum was down by 1.33% to $3,284.31. A blended begin to the day noticed Ethereum rise to an early morning excessive $3,346.58 earlier than falling to a low $3,283.01.

Ethereum left the main help and resistance ranges untested early on.

For the day forward

Ethereum would want to maneuver via the $3,355 pivot and the 23.6% FIB to convey the primary main resistance degree at $3,431 into play.

Assist from the broader market can be wanted, nevertheless, for Ethereum to interrupt again via to $3,400 ranges.

Barring an prolonged crypto rally, the primary main resistance degree and Sunday’s excessive $3,457.22 would seemingly cap the upside.

Within the occasion of a broad-based crypto rally, Ethereum may take a look at resistance at $3,600 earlier than any pullback. The second main resistance degree sits at $3,534.

Failure to maneuver via the $3,355 pivot would convey the primary main help degree at $3,252 into play.

Barring an prolonged sell-off, nevertheless, Ethereum ought to avoid sub-$3,100 ranges. The second main help degree at $3,175 ought to restrict the draw back.

Wanting on the Technical Indicators

First Main Assist Stage: $3,252

Pivot Stage: $3,355

First Main Resistance Stage: $3,431

23.6% FIB Retracement Stage: $3,369

38.2% FIB Retracement Stage: $2,740

62% FIB Retracement Stage: $1,725

Litecoin

Litecoin slid by 3.08% on Sunday. Reversing a 0.77% acquire from Saturday, Litecoin ended the week down by 3.94% to $175.76.

A blended begin to the day noticed Litecoin rise to an early morning intraday excessive $181.72 earlier than hitting reverse.

Story continues

Falling in need of the primary main resistance degree at $186, Litecoin slid to a late intraday low $173.17.

The reversal noticed Litecoin fall via the primary main help degree at $178 and the 23.6% FIB of $178.

Discovering help on the second main help degree at $174, nevertheless, Litecoin prevented sub-$170 ranges.

On the time of writing, Litecoin was down by 1.95% to $172.34. A blended begin to the day noticed Litecoin rise to an early morning excessive $176.13 earlier than sliding to a low $171.76.

Litecoin examined the primary main help degree at $172 early on.

For the day forward

Litecoin would want to maneuver via the $177 pivot to convey the 23.6% FIB of $178 and the primary main resistance degree at $181 into play.

Assist from the broader market can be wanted, nevertheless, for Litecoin to interrupt out from the 23.6% FIB.

Barring an prolonged crypto rally, the primary main resistance degree and Sunday’s excessive $181.72 would seemingly cap the upside.

Within the occasion of one other breakout, Litecoin may take a look at resistance at $190. The second main resistance degree sits at $185.

Failure to maneuver via the $177 pivot would convey the primary main help degree at $172 again into play.

Barring one other prolonged sell-off, Litecoin ought to avoid sub-$165. The second main help degree at $168 ought to restrict the draw back.

Wanting on the Technical Indicators

First Main Assist Stage: $172

Pivot Stage: $177

First Main Resistance Stage: $181

23.6% FIB Retracement Stage: $178

38.2% FIB Retracement Stage: $223

62% FIB Retracement Stage: $296

Ripple’s XRP

Ripple’s XRP fell by 2.51% on Sunday. Reversing a 0.84% acquire from Saturday, Ripple’s XRP ended the week down by 6.41% to $1.04805.

A blended begin to the day noticed Ripple’s XRP rise to a mid-morning intraday excessive $1.08399 earlier than hitting reverse.

Falling in need of the primary main resistance degree at $1.0946, Ripple’s XRP slid to a late intraday low $1.04075.

Ripple’s XRP fell via the 38.2% FIB of $1.0659 and the primary main help degree at $1.0569.

Steering away from the second main help degree at $1.0379, Ripple’s XRP ended the day at $1.04 ranges.

On the time of writing, Ripple’s XRP was down by 3.16% to $1.01497. A bearish begin to the day noticed Ripple’s XRP slide from an early morning excessive $1.40991 to a low $1.00001.

Ripple’s XRP fell via the primary main help degree at $1.0312 and briefly via the second main help degree at $1.0144.

For the day forward

Ripple’s XRP would want to maneuver via the $1.0576 pivot to convey the 38.2% FIB of $1.0659 and the primary main resistance degree at $1.0744 into play. Assist can be wanted, nevertheless, for Ripple’s XRP to maneuver again via the primary main help degree to $1.05 ranges.

Barring an prolonged crypto rally, the primary main resistance degree would seemingly cap the upside.

Within the occasion of a broad-based crypto rally, Ripple’s XRP may take a look at the second main resistance degree at $1.1008.

Failure to maneuver again via the primary main help degree at $1.0312 would convey the second main help degree and sub-$1.00 ranges again into play.

Barring one other prolonged sell-off, nevertheless, Ripple’s XRP ought to avoid the third main help degree at $0.9711.

Wanting on the Technical Indicators

First Main Assist Stage: $1.0312

Pivot Stage: $1.0576

First Main resistance Stage: $1.0744

23.6% FIB Retracement Stage: $0.8533

38.2% FIB Retracement Stage: $1.0659

62% FIB Retracement Stage: $1.4096

Please tell us what you suppose within the feedback under.

Thanks, Bob

This article was initially posted on FX Empire

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