Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 28th, 2020

For the day ahead

Litecoin would need to avoid a fall through the $45.77 pivot to support another run at the first major resistance level at $46.94.

Support from the broader market would be needed, however, for Litecoin to break back through to $47 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, the second major resistance level at $47.80 could come into play.

Failure to avoid a fall through the $45.77 pivot level would bring the first major support level at $44.91 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $43.74.

Looking at the Technical Indicators

First Major Support Level: $44.91

Pivot Level: $45.77

First Major Resistance Level: $46.94

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP rose by 0.69% on Sunday. Reversing a 0.06% loss from Saturday, Ripple’s XRP ended the week down by 1.28% to $0.24335.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.24483 before hitting reverse.

Falling short of the first major resistance level at $0.2454, Ripple’s XRP slid to a midday intraday low $0.23748.

Finding support at the first major support level at $0.2379, Ripple’s XRP revisited $0.2425 levels before easing back.

A late move back through to $0.243 levels, however, delivered the upside on the day.

At the time of writing, Ripple’s XRP was up by 0.74% to $0.24515. A bullish start to the day saw Ripple’s XRP move from an early morning low $0.24336 to a high $0.24547.

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