Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 13th, 2021

For the day ahead

Litecoin would need to move through the $136 pivot level to support a run at the first major resistance level at $144.

Support from the broader market would be needed, however, for Litecoin to break back through to $140 levels.

Barring an extended crypto rally, the first major resistance level and the 23.6% FIB of $148 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at the second major resistance level at $155.

Failure to move through the $136 pivot level would bring the 38.2% FIB of $125 and the first major support level at $125 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$120 levels and the second major support level at $117. The 38.2% FIB of $125 and first major support level should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $125

Pivot Level: $136

First Major Resistance Level: $144

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 1.66% on Tuesday. Partially reversing an 8.63% slide on Monday, Ripple’s XRP ended the day at $0.29251.

It was a bearish start to the day. Ripple’s XRP fell to an early morning low $0.27945 before making a move.

Steering clear of the first major support level at $0.2555, Ripple’s XRP struck an early morning intraday high $0.3100.

Falling short of the first major resistance level at $0.3180, Ripple’s XRP slid to an early afternoon intraday low $0.2775.

Steering clear of the major support levels once more, Ripple’s XRP revisited $0.30 levels before easing back.

At the time of writing, Ripple’s XRP was down by 1.15% to $0.28916. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.2925 to a low $0.2877.

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