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

ether
Ethereum rose 3.01% on Wednesday. Ethereum partially reversed the 11.27% decline on Tuesday, ending the day at $ 1,625.3.
On a mixed start to the day, Ethereum slid to an early morning intraday low of $ 1,500.28 before finding support.
Ethereum stayed away from the first major support level at $ 1,362, climbing to the late morning intraday high of $ 1,714.00.
While Ethereum missed the first major resistance level at $ 1,789, it broke the 23.6% FIB of $ 1,579.
In the second half of the day, Ethereum briefly fell back through the 23.6% FIB before closing the day at $ 1,600.
At the time of writing, Ethereum was down 0.05% to $ 1,624.49. With a mixed start to the day, Ethereum rose to an early morning high of $ 1,634.99 before falling to a low of $ 1,621.00
Ethereum left key support and resistance levels untested early on.
For the next day
Ethereum would have to avoid a drop in the pivot level at $ 1,613 to support a run at the first major resistance level at $ 1,726.
However, broader market support would be required for Ethereum to break Tuesday's high of $ 1,714.00.
Aside from an extended crypto rally, the first major resistance level and resistance at $ 1,750 would likely limit an uptrend.
In the event of a breakout, Ethereum could test the second major resistance level at $ 1,827 before a pullback.
Unless a fall from the $ 1,613 pivot is avoided, the 23.6% FIB of $ 1,579 and the first major support level of $ 1,512 would come into play.
However, subject to another extended sell-off, Ethereum should stay away from levels below $ 1,500. The second major support level is at $ 1,400.
Look at the technical indicators
First major support level: $ 1,512
Pivot Level: $ 1,613
First major resistance level: $ 1,726
23.6% FIB Retracement Level: $ 1,528
38.2% FIB Retracement Level: $ 1,251
62% FIB Retracement Level: $ 804
Litecoin
Litecoin rose 2.37% on Wednesday. Litecoin partially returned 14.71% in the day, ending the day at $ 181.70.
It was a bearish start to the day. Litecoin fell to an early morning intraday low of $ 168.89 before moving.
Despite the sell-off, Litecoin stayed away from the 38.2% FIB of $ 163 and the first major support level of $ 154.55.
Litecoin found support during the morning, rising to an intraday high of $ 189.69.
Litecoin trailed well below the 23.6% FIB of $ 195 and the first major resistance level of $ 204.79, falling back to $ 172.
However, a belated regression to $ 181 set the day's uptrend.
At the time of writing, Litecoin was up 0.02% to $ 181.74. On a mixed start to the day, Litecoin fell to an early morning low of $ 181.05 before rising to a high of $ 182.17.
Litecoin left key support and resistance levels untested early on.
For the next day
Litecoin would have to avoid a drop in the pivot level of $ 180.09 to support a run at the first major resistance level of $ 191.30 and the 23.6% FIB of $ 195.
However, support from the broader market would be required for Litecoin to break out of Wednesday's high of $ 189.69.
Subject to a longer crypto rally, the first major resistance level and 23.6% FIB would likely limit an uptrend.
In the event of a prolonged breakout, Litecoin could test resistance before pulling back at USD 210. The second major resistance level is at $ 200.89.
If a fall through the $ 180.09 pivot level is not avoided, the first major support level will be brought into play at $ 170.50.
Subject to another lengthy sell-off, Litecoin should avoid the 38.2% FIB of $ 163 and the second major support level of $ 159.29.
Look at the technical indicators
First major support level: $ 170.50
Pivot Level: $ 180.09
First major resistance level: $ 191.30
23.6% FIB Retracement Level: 191 USD
38.2% FIB Retracement Level: 159 USD
62% FIB Retracement Level: 108 USD
Ripple's XRP
Ripple's XRP fell 0.38% on Wednesday. After plummeting 15.90% on Tuesday, Ripple's XRP ended the day at $ 0.46923.
On a mixed start to the day, Ripple's XRP fell to an early morning low of $ 0.45782 before moving.
While Ripple's XRP left its first major support level at $ 0.3720, it fell through the 38.2% FIB of $ 0.4632.
Ripple's XRP found support later this morning, breaking the 38.2% FIB to hit an intraday high of $ 0.50044.
Ripple's XRP fell well below the 23.6% FIB of $ 0.5320 and the first major resistance level of $ 0.5759, falling back to $ 0.45.
On the pullback, Ripple's XRP fell briefly through the 38.2% FIB before closing the day at $ 0.469.
At the time of writing, Ripple's XRP was down 0.23% to $ 0.46813. On a mixed start to the day, Ripple's XRP rose to an early morning high of $ 0.47014 before falling to a low of $ 0.46778.
Ripple's XRP left key support and resistance levels untested early on.
For the next day
Ripple's XRP needs to move through the $ 0.4737 pivot level to bring the first major resistance level into play at $ 0.4960.
However, support from the broader market would be required for Ripple's XRP to climb back to $ 0.49.
Aside from an extended crypto rally, the first major resistance level and $ 0.050044 high on Wednesday should limit an uptrend.
In the event of a longer rally, Ripple's XRP could test the second major resistance level at $ 0.5228. However, the 23.6% FIB of $ 0.5320 would likely limit an uptrend.
If you didn't move through the $ 0.4737 pivot, the 38.2% FIB at $ 0.4632 and the first major support level at $ 0.4469 would come into play.
Subject to another longer sell-off, however, Ripple's XRP is likely to stay well away from the second major support level of $ 0.4245.
Look at the technical indicators
First major support level: $ 0.4469
Pivot Level: $ 0.4737
First major resistance level: $ 0.4960
23.6% FIB Retracement Level: $ 0.5320
38.2% FIB Retracement Level: $ 0.4632
62% FIB Retracement Level: $ 0.3521
Please let us know what you think in the comments below.
Thank you Bob
This article was originally published on FX Empire
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In this article:
ETH-CNY
-9.27%
LTC-CNY
-5.95%
XRP-USD
-7.73%
XRP-ETH
+ 1.25%
XRP-KRW
-7.71%
LTC-EUR
-6.20%
XRP-CNY
-8.14%
ETH-USD
-8.87%
LTC-JPY
-5.44%
ETH-INR
-8.83%
XRP-RUB
-8.21%
ETH GBP
-9.29%
XRP-CAD
-8.24%
ETH-RUB
-9.34%
XRP-JPY
-7.65%
LTC-USD
-5.53%
LTC-INR
-5.49%
LTC-KRW
-5.51%
XRP-BTC
-1.47%
XRP-AUD
-8.31%
XRP-GBP
-8.16%
ETH-JPY
-8.78%
ETH-BTC
-2.69%
LTC-BTC
+ 0.88%
XRP-INR
-7.70%
ETH-CAD
-9.37%
LTC-RUB
-6.02%
ETH-AUD
-9.44%
LTC-ETH
+ 3.66%
LTC-CAD
-6.05%
LTC-GBP
-5.97%
ETH-EUR
-9.52%
ETH-KRW
-8.85%
XRP-EUR
-8.39%
LTC-AUD
-6.12%
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