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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 23rd, 2021

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 23rd, 2021
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For the day forward

Litecoin would wish to keep away from a fall by means of the $134.00 pivot stage to help a run on the first main resistance stage at $145.76 and the 23.6% FIB of $148.

Help from the broader market can be wanted, nonetheless, for Litecoin to interrupt out from Friday’s excessive $142.00.

Barring an prolonged crypto rally, the primary main resistance stage and 23.6% FIB would possible cap any upside.

Within the occasion of an prolonged breakout, Litecoin may take a look at resistance at $150. The second main resistance stage sits at $153.75.

Failure to keep away from a fall by means of the $134.00 pivot stage would convey first main help stage at $126.01 and the 38.2% FIB of $125 into play.

Barring one other prolonged sell-off, Litecoin ought to avoid the second main help stage at $114.25.

Trying on the Technical Indicators

First Main Help Stage: $126.01

Pivot Stage: $134.00

First Main Resistance Stage: $145.76

23.6% FIB Retracement Stage: $148

38.2% FIB Retracement Stage: $125

62% FIB Retracement Stage: $87

Ripple’s XRP

Ripple’s XRP rose by 1.80% on Friday. Partially reversing a 9.43% slide from Thursday, Ripple’s XRP ended the day at $0.27282.

A bearish begin to the day noticed Ripple’s XRP slide to an early morning intraday low $0.24000.

Ripple’s XRP fell by means of the primary main help stage at $0.2497 earlier than putting a late intraday excessive $0.27801.

Falling wanting the primary main resistance stage at $0.2968, Ripple’s XRP eased again to finish the day at $0.272 ranges.

On the time of writing, Ripple’s XRP was up by 0.03% to $0.27290. A blended begin to the day noticed Ripple’s XRP fall to an early morning low $0.27028 earlier than rising to a excessive $0.27293.

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



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