Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 26th, 2021

ether
Ethereum was down 8.78% on Thursday. Ethereum returned 3.01% on Wednesday, ending the day at $ 1,482.62.
With a mixed start to the day, Ethereum rose to an early morning high of $ 1,659.97 before hitting reverse.
Ethereum lagged well behind major resistance levels, falling to a low of $ 1,579.70 in the late morning.
Ethereum found support at the 23.6% FIB of $ 1,579 and hit a late intraday high of $ 1,672.49 before a second sell-off.
Ethereum trailed the first major resistance level at $ 1,726 and fell to a late intraday low of $ 1,458.50.
Ethereum fell through the 23.6% FIB and first major support level at $ 1,512 to end the day below $ 1,500.
At the time of writing, Ethereum was up 0.75% to $ 1,493.80. On a mixed start to the day, Ethereum fell to an early morning low of $ 1,464.68 before rising to a high of $ 1,493.80
Ethereum left key support and resistance levels untested early on.
For the next day
Ethereum would have to move through the pivot level at $ 1,538 to support a run at the first major resistance level at $ 1,617.
However, support from the broader market would be required for Ethereum to break out of the 23.6% FIB of $ 1,579.
Subject to a longer crypto rally, the first major resistance level and Thursday high of $ 1,672.49 would likely limit an uptrend.
In the event of a breakout, Ethereum could test resistance before a pullback at $ 1,800. The second major resistance level is at $ 1,752.
Failure to go through the $ 1,538 pivot will bring the first major support level of $ 1,403 into play.
However, subject to another lengthy sell-off, Ethereum should stay away from the second major support level of $ 1,324.
Look at the technical indicators
First major support level: $ 1,403
Pivot Level: $ 1,538
First major resistance level: $ 1,617
23.6% FIB Retracement Level: $ 1,528
38.2% FIB Retracement Level: $ 1,251
62% FIB Retracement Level: $ 804
Litecoin
Litecoin fell 1.17% on Thursday. Litecoin partially reversed a 2.37% gain from Wednesday, ending the day at $ 179.47.
It was a bearish start to the day. Litecoin fell to a late morning intraday low of $ 175.21 before moving.
Litecoin stayed out of the first major support level at $ 170.50, hitting an intraday high of $ 205.20 in the early afternoon.
Litecoin broke the first major resistance level at $ 191.30 and the second major resistance level at $ 200.89.
More importantly, Litecoin broke the 23.6% FIB of $ 195 before declining to a late drop below $ 180.
At the time of writing, Litecoin was up 0.11% to $ 179.66. On a mixed start to the day, Litecoin fell to an early morning low of $ 174.65 before rising to a high of $ 179.82.
Litecoin left key support and resistance levels untested early on.
For the next day
Litecoin would have to move through the $ 186.63 pivot level to support a run at the 23.6% FIB of $ 195 and the first major resistance level at $ 198.04.
However, support from the broader market would be required for Litecoin to return to the $ 190 level.
Aside from an extended crypto rally, the first major resistance level and $ 205.20 high on Thursday would likely limit an uptrend.
In the event of a prolonged breakout, Litecoin could test the resistance before a pullback at USD 220. The second major resistance level is at $ 216.62.
The story goes on
Mention your own website in this post for Advertisement

Last News

Dana Loesch: Biden's gun safety executive order is an attack on due process

Senate breaks filibuster on Asian-American hate crime bill

Teacher who used racial slur next to Tupac photo put on administrative leave in Texas

American Idol Judges Give Update on Luke Bryan After COVID Diagnosis: 'Giving Critiques at Home'

Blood clots as prevalent with Pfizer and Moderna vaccine as with AstraZeneca's: study

Florida Driver Busts Through Gates, Leaps Over Drawbridge As It Opens