Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 23rd, 2021 | Fintech Zoom

For the day forward

Litecoin would want to maneuver again by the $204.99 pivot stage to assist a run on the first main resistance stage at $230.96.

Help from the broader market can be wanted, nevertheless, for Litecoin to interrupt again by to $220 ranges.

Barring an prolonged crypto rally, the primary main resistance stage and Monday’s excessive $227.72 would doubtless cap any upside.

Within the occasion of an prolonged breakout, Litecoin may check resistance at $240 earlier than any pullback. The second main resistance stage sits at $253.69.

Failure to maneuver again by the $204.99 pivot stage would carry the 23.6% FIB of $195 and the primary main assist stage at $182.26 into play.

Barring one other prolonged sell-off, Litecoin ought to steer effectively away from the second main assist stage at $156.26. The 38.2% FIB of $163 ought to restrict the draw back within the occasion of a sell-off.

Wanting on the Technical Indicators

First Main Help Stage: $182.26

Pivot Stage: $204.99

First Main Resistance Stage: $230.96

23.6% FIB Retracement Stage: $191

38.2% FIB Retracement Stage: $159

62% FIB Retracement Stage: $108

Ripple’s XRP rose by 3.87% on Monday. Following on from a 6.47% rally from Sunday, Ripple’s XRP ended the day at $0.56619.

A combined begin to the day noticed leap to a mid-morning intraday excessive $0.64919.

Ripple’s XRP broke by the day’s main resistance ranges earlier than hitting reverse.

Going into the two^nd half of the day, Ripple’s XRP slid to an early afternoon intraday low $0.47000.

Ripple’s XRP fell by the primary main assist stage at $0.5132 and the second main assist stage at $0.4813.

Extra considerably, Ripple’s XRP fell again by the 23.6% FIB of $0.5320 earlier than revisiting $0.63 ranges late within the day.

Ripple’s XRP broke again by the primary main resistance stage at $0.5677 and the second main resistance stage at $0.5903.

A bearish finish to the day, nevertheless, noticed Ripple’s XRP fall again by the key resistance ranges to finish the day at $0.566 ranges.

On the time of writing, Ripple’s XRP was down by 1.53% to 0.55755. A combined begin to the day noticed Ripple’s XRP rise to an early morning excessive $0.56869 earlier than falling to a low $0.55602.

Ripple’s XRP left the key assist and resistance ranges untested early on.