• rippleXRP$1.28-3.17%

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 25th, 2021 – FX Empire

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For the day ahead

Litecoin would need to avoid a fall through the $139.21 pivot level to support a run at the first major resistance level at $144.55.

Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $142.63.

Barring an extended crypto rally, the first major resistance level and resistance at $145 would likely cap any upside.

In the event of an extended breakout, Litecoin could test the second major resistance level at $147.98 and the 23.6% FIB of $148. Resistance at $150 would likely cap the upside, however.

Failure to move through the $139.21 pivot level would bring first major support level at $135.78 into play.

Barring an extended sell-off, Litecoin should steer clear of the second major support level at $130.44.

Looking at the Technical Indicators

First Major Support Level: $135.78

Pivot Level: $139.21

First Major Resistance Level: $144.55

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP rose by 0.62% on Sunday. Reversing a 0.12% decline from Saturday, Ripple’s XRP ended week down by 12% to $0.27357.

A bearish start to the day saw Ripple’s XRP fall to an early morning low $0.26850 before making a move.

Steering clear of the first major support level at $0.2638, Ripple’s XRP rose to a mid-morning intraday high $0.27789.

Falling short of the first major resistance level at $0.2818, Ripple’s XRP fell to a late intraday low $0.26800.

Continuing to avoid the major support levels, Ripple’s XRP recovered to end the day at $0.273 levels.


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