Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 22nd, 2021

Ethereum

Ethereum slid by 12.26% on Friday. Reversing an 11.55% rally from Thursday, Ethereum ended the day at $2,434.86.

A combined begin to the day noticed Ethereum rise to an early morning intraday excessive $2,950.00 earlier than hitting reverse.

Falling wanting the primary main resistance stage at $3,131, Ethereum slid to a late intraday low $2,105.00.

Ethereum fell by the 38.2% FIB of $2,740 and the primary main help stage at $2,287.

Steering away from sub-$2,000, Ethereum broke again by the primary main help stage to finish the day at $2,400 ranges.

On the time of writing, Ethereum was down by 0.85% to $2,414.23. A combined begin to the day noticed Ethereum rise to an early morning excessive $2,455.64 earlier than falling to a low $2,414.23.

Ethereum left the most important help and resistance ranges untested early on.

For the day forward

Ethereum would wish to maneuver by the $2,497 pivot to convey the 38.2% FIB of $2,740 and the primary main resistance stage at $2,888 into play.

Assist from the broader market can be wanted, nevertheless, for Ethereum to interrupt again by to 38.2% FIB.

Barring an prolonged crypto rally, the primary main resistance stage would doubtless cap any upside.

Within the occasion of one other broad-based crypto rally, Ethereum may check resistance on the 23.6% FIB of $3,369. The second main resistance stage sits at $3,342.

Failure to maneuver by the $2,497 pivot would convey the primary main help stage at $2,043 into play.

Barring one other prolonged sell-off, nevertheless, Ethereum ought to keep away from the second main help stage at $1,652. The 62% FIB of $1,725 ought to restrict the draw back.

A sustained fall by the 62% FIB would kind a near-term bearish development from 12^th Might’s swing hello $4,384.30.

Trying on the Technical Indicators

First Main Assist Stage: $2,043

Pivot Stage: $2,497

First Main Resistance Stage: $2,888

23.6% FIB Retracement Stage: $3,369

38.2% FIB Retracement Stage: $2,740

62% FIB Retracement Stage: $1,725

Litecoin

Litecoin slid by 14.64% on Friday. Reversing a 13.10% rally from Thursday, Litecoin ended the day at $180.23.

A combined begin to the day noticed Litecoin rise to an early morning intraday excessive $219.79 earlier than hitting reverse.

Falling wanting the primary main resistance stage at $240, Litecoin slid to a late intraday low $156.94.

The prolonged sell-off noticed Litecoin fall by the 62% FIB of $174 and the primary main help stage at $174.

Steering away from sub-$150 help ranges, Litecoin broke again by the 62% FIB and first main help stage to finish the day at $180 ranges.

On the time of writing, Litecoin was down by 1.07% to $178.31. A combined begin to the day noticed Litecoin rise to an early morning excessive $181.31 earlier than falling to a low $178.00.

Litecoin left the most important help and resistance ranges untested early on.

For the day forward

Litecoin would wish to maneuver by the $186 pivot to convey the primary main resistance stage at $219 into play.

Assist from the broader market can be wanted, nevertheless, for Litecoin to interrupt again by to $200 ranges.

Barring an prolonged crypto rally, the primary main resistance stage would doubtless cap any upside.

Within the occasion of an prolonged breakout, Litecoin may check resistance at $220. The second main resistance stage sits at $249.

Failure to maneuver by the $186 pivot would convey the 62% FIB of $174 and the primary main help stage at $152 into play.

Barring one other prolonged sell-off, nevertheless, Litecoin ought to keep away from sub-$150 ranges. The second main help stage sits at $123.

A sustained fall by the 62% FIB would kind a near-term bearish development from 10^th Might’s swing hello $413.91.

Trying on the Technical Indicators

First Main Assist Stage: $152

Pivot Stage: $186

First Main Resistance Stage: $219

23.6% FIB Retracement Stage: $322

38.2% FIB Retracement Stage: $265

62% FIB Retracement Stage: $174

Ripple’s XRP

Ripple’s XRP slid by 14.59% on Friday. Reversing an 11.42% acquire from Thursday, Ripple’s XRP ended the day $1.00921.

A combined begin to the day noticed Ripple’s XRP rise to an early morning intraday excessive $1.22081 earlier than hitting reverse.

Falling wanting the 38.2% FIB of $1.2807 and the most important resistance ranges, Ripple’s XRP slid to a late intraday low $0.8646.

The prolonged sell-off noticed Ripple’s XRP fall by the primary main help stage at $0.9868 earlier than discovering help.

Steering away from the 62% FIB of $0.8573, Ripple’s XRP broke again by the primary main help stage to finish the day at $1.00 ranges.

On the time of writing, Ripple’s XRP was down by 1.74% to $0.99169. A combined begin to the day noticed Ripple’s XRP rise to an early morning excessive $1.01733 earlier than falling to a low $0.99077.

Ripple’s XRP left the most important help and resistance ranges untested early on.

For the day forward

Ripple’s XRP might want to transfer by the $1.0315 pivot to convey the primary main resistance stage at $1.1985 into play.

Assist from the broader market can be wanted, nevertheless, for Ripple’s XRP to interrupt again by to $1.10 ranges.

Barring an prolonged crypto rally, the primary main resistance stage would doubtless cap any upside.

Within the occasion of an prolonged rally, Ripple’s XRP may check resistance on the 38.2% FIB of $1.2807. The second main resistance stage sits at $1.3878.

Failure to maneuver by the $1.0315 pivot would convey 62% FIB of $0.8573 and the primary main help stage at $0.8423 into play.

Barring one other prolonged sell-off, nevertheless, Ripple’s XRP ought to keep away from sub-$0.70 ranges. The second main help stage sits at $0.6753.

A sustained fall by the 62% FIB would kind a near-term bearish development from 14^th April’s swing hello $1.96598.