Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – September 28th, 2021

·5 min read

Ethereum

Ethereum slid by 4.40% on Monday. Partially reversing a 4.68% gain from Sunday, Ethereum ended the day at $2,925.27.

A mixed start to the day saw Ethereum rise to an early morning intraday high $3,168.03 before hitting reverse.

Falling short of the first major resistance level at $3,205, Ethereum slid to a late intraday low $2,925.00.

Steering clear of the first major support level at $2,829, however, Ethereum ended the day at $2,925 levels.

At the time of writing, Ethereum was up 0.24% to $2,932.38. A mixed start to the day saw Ethereum fall to an early morning low $2,905.68 before rising to a high $2,932.38.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to move through the $3,006 pivot to bring the first major resistance level at $3,087 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $3,050 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $3,168.03 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at the 23.6% FIB of $3,369 before any pullback. The second major resistance level sits at $3,249.

Failure to move through the $3,006 pivot would bring the first major support level at $2,844 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,700 levels. The second major support level at $2,763 and the 38.2% FIB of $2,740 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,844

Pivot Level: $3,006

First Major Resistance Level: $3,087

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 3.66% on Monday. Following a 0.18% loss on Sunday, Litecoin ended the day at $145.16.

A bullish start to the day saw Litecoin rise to an early morning intraday high $154.97 before hitting reverse.

Falling short of the first major resistance level at $156, Litecoin fell to a late intraday low $144.90.

Steering clear of the first major support level at $144, however, Litecoin found support to end the day at $145 levels.

At the time of writing, Litecoin was up by 0.08% to $145.27. A mixed start to the day saw Litecoin rise to an early morning high $145.55 before falling to a low $144.34.

Litecoin left the major support and resistance levels untested early on.

For the day ahead

Litecoin would need to move through the $148 pivot to bring the first major resistance level at $152 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $150 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $154.97 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $160 before any pullback. The second major resistance level sits at $158.

Failure to move through the $148 pivot would bring the first major support level at $142 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$140. The second major support level sits at $138.

Looking at the Technical Indicators

First Major Support Level: $142

Pivot Level: $148

First Major Resistance Level: $152

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP fell by 2.24% on Monday. Reversing a 0.52% gain from Sunday, Ripple’s XRP ended the day at $0.02244.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.98166 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.9694 before sliding to a late intraday low $0.92034.

Steering clear of the first major support level at $0.9063, however, Ripple’s XRP found late support to revisit $0.94 levels.

A bearish end to the day, however, saw Ripple’s XRP slide back to sub-$0.94 and into the red.

At the time of writing, Ripple’s XRP was up by 0.29% to $0.92512. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.92102 before rising to a high $0.92517.

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

For the day ahead

Ripple’s XRP would need to move through the $0.9415 pivot to bring the first major resistance level at $0.9626 into play.

Support would be needed, however, for Ripple’s XRP to break out from $0.95 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $0.98166 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test the second major resistance level at $1.0028.

Failure to move through $0.9415 pivot would bring the first major support level at $0.9013 into play.

Barring an extended sell-off, however, Ripple’s XRP should avoid the 23.6% FIB of $0.8533. The second major support level at $0.8802 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.9013

Pivot Level: $0.9415

First Major resistance Level: $0.9626

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

Please let us know what you think in the comments below.

Thanks, Bob

This article was originally posted on FX Empire

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