Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 27th, 2021

ether
Ethereum fell 2.49% on Friday. After falling 8.78% on Thursday, Ethereum ended the day at $ 1,445.18.
With a mixed start to the day, Ethereum rose to an early morning high of $ 1,530.00 before hitting reverse.
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ŞIMDI GIR
Ethereum trailed well below major resistance levels and 23.6% FIB of $ 1,579, falling to a mid-morning intraday low of $ 1,400.01.
Ethereum found support at the first major support level at $ 1,403 and hit an intraday high of $ 1,564.11 in the late afternoon.
Ethereum trailed the 23.6% FIB and first major resistance level of $ 1,617 and fell to $ 1,411 before stabilizing.
At the time of writing, Ethereum was up 0.82% to $ 1,457.03. On a mixed start to the day, Ethereum fell to an early morning low of $ 1,439.59 before rising to a high of $ 1,466.67
Ethereum left key support and resistance levels untested early on.
For the next day
Ethereum would have to move through the pivot level at $ 1,470 to support a run at the first major resistance level at $ 1,540.
However, support from the broader market would be required for Ethereum to move back to $ 1,500 levels.
Subject to an extended crypto rally, the first major resistance level and a 23.6% FIB of $ 1,579 would likely limit an uptrend.
In the event of a breakout, Ethereum could test resistance before a pullback at $ 1,700. The second major resistance level is at $ 1,634.
Failure to go through the $ 1,470 pivot will bring the first major support level of $ 1,375 into play.
However, subject to another lengthy sell-off, Ethereum should avoid the 38.2% FIB of $ 1,292. The second major support level at USD 1,306 should limit the downtrend.
Look at the technical indicators
First major support level: $ 1,375
Pivot Level: $ 1,470
First major resistance level: $ 1,540
23.6% FIB Retracement Level: $ 1,579
38.2% FIB Retracement Level: $ 1,292
62% FIB Retracement Level: $ 830
Litecoin
Litecoin was down 5.07% on Friday. After falling 1.17% on Thursday, Litecoin ended the day at $ 170.30.
It was a mixed start to the day. Litecoin rose to an early morning intraday high of $ 182.90 before hitting the reverse.
Breaking below the 23.6% FIB of USD 195 and the first major resistance level at USD 198.04, Litecoin fell to an intraday low of USD 162.23 late this morning.
On the sell-off, Litecoin fell through the first major support level at $ 168.05 and the 38.2% FIB of $ 163.
Litecoin found support in the late morning and revisited the $ 181 levels before falling back to end the day at the $ 170 levels.
At the time of writing, Litecoin was up 1.65% to $ 173.11. On a mixed start to the day, Litecoin fell to a low of $ 169.50 early in the morning before rising to a high of $ 174.24.
Litecoin left key support and resistance levels untested early on.
For the next day
Litecoin would need to avoid falling through the $ 171.81 pivot level to support a run at the first major resistance level of $ 181.39.
However, support from the broader market would be required for Litecoin to return to the $ 180 level.
Aside from an extended crypto rally, the first major resistance level and Friday high of $ 182.90 would likely limit an uptrend.
In the event of a longer breakout, Litecoin could test the second major resistance level at $ 192.48 and 23.6% FIB of $ 195.
Unless a drop in the pivot level of $ 171.81 is avoided, the FIB of 38.2% of $ 163 and the first major support level of $ 160.72 would come into play.
Subject to another lengthy sell-off, Litecoin should stay away from the second major support level at USD 151.14.
Look at the technical indicators
First major support level: $ 160.72
Pivot Level: $ 171.81
First major resistance level: $ 181.39
23.6% FIB Retracement Level: USD 195
38.2% FIB Retracement Level: $ 163
62% FIB Retracement Level: 110 USD
Ripple's XRP
Ripple's XRP fell 1.54% on Friday. After falling 6.93% on Thursday, Ripple's XRP ended the day at $ 0.42821.
A bearish start to the day caused Ripple's XRP to hit an early morning intraday low of $ 0.41137.
Ripple's XRP found support at the first major support level at $ 0.4133 and rose to a late afternoon intraday high of $ 0.45030.
However, Ripple's XRP fell well below the first major resistance level of $ 0.4700 and fell below $ 0.42 before finding support.
A belated regression to $ 0.42 reduced the deficit that day.
At the time of writing, Ripple's XRP was up 1.45% to $ 0.43443. On a mixed start to the day, Ripple's XRP fell to an early morning low of $ 0.42843 before rising to a high of $ 0.43699.
Ripple's XRP left key support and resistance levels untested early on.
For the next day
Ripple's XRP needs to avoid falling back through the $ 0.4300 pivot level to bring the first major resistance level into play at $ 0.4486.
However, support from the broader market would be required for Ripple's XRP to break out of $ 0.4500.
Aside from an extended crypto rally, the first major resistance level and $ 0.4503 high on Friday should limit an uptrend.
In the event of a longer rally, Ripple's XRP could test resistance at 38.2% FIB at $ 0.4632 and the second major resistance level at $ 0.4689.
Unless a fall from the $ 0.4300 pivot is avoided, the first major support level at $ 0.4096 is brought into play.
However, subject to another lengthy sell-off, Ripple's XRP should stay away from values ​​below $ 0.40. The second major support level is at $ 0.3910.
Look at the technical indicators
First major support level: $ 0.4096
Pivot Level: $ 0.4300
First major resistance level: $ 0.4486
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:
LTC-JPY
-10.67%
LTC-CNY
-11.15%
LTC-ETH
+ 0.20%
LTC-EUR
-11.38%
XRP-RUB
-9.74%
ETH-USD
-10.92%
ETH-JPY
-10.84%
LTC-KRW
-10.73%
XRP-CNY
-9.67%
XRP-USD
-9.27%
ETH-RUB
-11.39%
LTC-AUD
-11.31%
XRP-ETH
+ 1.86%
XRP-AUD
-9.83%
ETH-EUR
-11.56%
XRP-GBP
-9.68%
XRP-INR
-9.23%
LTC-INR
-10.71%
XRP-JPY
-9.18%
XRP-BTC
-2.00%
LTC-RUB
-11.22%
LTC-USD
-10.75%
ETH-CAD
-11.41%
LTC-GBP
-11.16%
ETH GBP
-11.33%
ETH-CNY
-11.32%
XRP-EUR
-9.91%
ETH-BTC
-3.80%
LTC-BTC
-3.61%
XRP-KRW
-9.25%
ETH-AUD
-11.48%
ETH-KRW
-10.90%
ETH INR
-10.89%
LTC-CAD
-11.24%
XRP-CAD
-9.77%
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