Litecoin price – Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 16th, 2021 | Fintech Zoom | Fintech Zoom

For the day forward

Litecoin would wish to keep away from a fall by way of the $204.83 pivot stage to help a run on the first main resistance stage at $223.07.

Help from the broader market can be wanted, nonetheless, for Litecoin to breakout from Monday’s excessive $220.00.

Barring an prolonged crypto rally, the primary main resistance stage would doubtless cap any upside.

Within the occasion of an prolonged breakout, Litecoin may check resistance on the swing hello $230.81 and the second main resistance stage at $238.25.

Failure to keep away from a fall by way of the $204.83 pivot stage would deliver the primary main help stage at $189.65 into play.

Barring an prolonged sell-off, Litecoin ought to keep away from sub-$180 and the second main help stage at $171.41. The 23.6% FIB of $182 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Help Degree: $189.65

Pivot Degree: $204.83

First Main Resistance Degree: $223.07

23.6% FIB Retracement Degree: $182

38.2% FIB Retracement Degree: $152

62% FIB Retracement Degree: $104

Ripple’s XRP slid by 7.42% on Monday. Following a 6.74% fall on Sunday, Ripple’s XRP ended the day at $0.54911.

A blended begin to the day noticed Ripple’s XRP rise to an early morning intraday excessive $0.60449 earlier than hitting reverse.

Falling wanting the primary main resistance stage at $0.6346, Ripple’s XRP tumbled to an early morning intraday low $.51117.

Ripple’s XRP fell by way of the primary main help stage at $0.5564 and the second main help stage at $0.5202.

Extra importantly, Ripple’s XRP fell by way of the 23.6% FIB of $0.5320 earlier than discovering help.

Ripple’s XRP broke again by way of the 23.6% FIB and the most important help ranges to revisit $0.58 ranges.

A bearish finish to the day, nonetheless, noticed Ripple’s XRP fall again by way of the primary main help stage to finish the day at sub-$0.55 ranges.

On the time of writing, Ripple’s XRP was down by 1.37% to $0.54159. A blended begin to the day noticed Ripple’s XRP rise to an early morning excessive $0.55000 earlier than falling to al ow $0.54076.

Ripple’s XRP left the most important help and resistance ranges untested early on.