Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 25th, 2021

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For the day ahead

Litecoin would need to avoid a fall through the 62% FIB of $174 and the $170 pivot to bring the first major resistance level at $201 into play.

Support from the broader market would be needed, however, for Litecoin to break through to $200 levels.

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

In the event of an extended breakout, Litecoin could test resistance at $220. The second major resistance level sits at $216.

Failure to avoid a fall through the 62% FIB and the $170 pivot would bring the first major support level at $155 into play.

Barring another extended sell-off, however, Litecoin should steer clear of sub-$150 levels. The second major support level sits at $125.

A sustained fall through the 62% FIB of $174 would form a near-term bearish trend from 10th May’s swing hi $413.91.

Looking at the Technical Indicators

First Major Support Level: $155

Pivot Level: $170

First Major Resistance Level: $201

23.6% FIB Retracement Level: $322

38.2% FIB Retracement Level: $265

62% FIB Retracement Level: $174

Ripple’s XRP

Ripple’s XRP rallied by 25.42% on Monday. Reversing a 12.48% slide from Sunday, Ripple’s XRP ended the day at $0.99474.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.75600 before making a move.

Steering clear of the first major support level at $0.6401, Ripple’s XRP rallied to a late intraday high $0.99853.

Ripple’s XRP broke through the 62% FIB of $0.8573 and the first major resistance level at $0.9568 to end the day at $0.99 levels.

Resistance at $1.00 pegged Ripple’s XRP back late in the day.

At the time of writing, Ripple’s XRP was up by 3.15% to $1.02605. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.98006 before rising to a high $1.05000.

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

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