Ethereum<\/p>\n
Ethereum rallied by 7.75% on Friday. Reversing a 4.26% slide from Thursday, Ethereum ended the day at $1,721.06.<\/p>\n
It was a mixed start to the day. Ethereum fell to an early morning intraday low $1,589.17 before making a move.<\/p>\n
Steering clear of the first major support level at $1,536, Ethereum rallied to a late afternoon intraday high and a new swing hi $1,763.93.<\/p>\n
Ethereum broke through the first major resistance level at $1,679 and the second major resistance level at $1,761.<\/p>\n
A late pullback saw Ethereum fall back through the second major resistance level to $1,680 levels before wrapping up the day at $1,721 levels.<\/p>\n
At the time of writing, Ethereum was up by 0.53% to $1,730.23. A mixed start to the day saw Ethereum fall to an early morning low $1,720.01 before rising to a high $1,739.60.<\/p>\n
Ethereum left the major support and resistance levels untested early on.<\/p>\n
Ethereum would need to avoid a fall through the pivot level at $1,691 to support a run at the first major resistance level at $1,794.<\/p>\n
Support from the broader market would be needed, however, for Ethereum to break out from Fridays swing high $1,763.93.<\/p>\n
Barring an extended crypto rally, the first major resistance level and resistance at $1,800 would likely cap any upside.<\/p>\n
In the event of an extended crypto rally, Ethereum could test resistance at $1,950 before any pullback. The second major resistance level sits at $1,866.<\/p>\n
Failure to avoid a fall through the $1,691 pivot would bring the first major support level at $1,619 into play.<\/p>\n
Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,600 levels. The second major support level sits at $1,517.<\/p>\n
First Major Support Level: $1,619<\/p>\n
Pivot Level: $1,691<\/p>\n
First Major Resistance Level: $1,794<\/p>\n
23.6% FIB Retracement Level: $1,367<\/p>\n
38.2% FIB Retracement Level: $1,121<\/p>\n
62% FIB Retracement Level: $724<\/p>\n
Litecoin rallied by 6.82% on Friday. Partially reversing a 7.06% slide from Thursday, Litecoin ended the day at $155.15.<\/p>\n
Story continues<\/p>\n
It was also a mixed start to the day. Litecoin fell to an early morning intraday low $143.63 before making a move.<\/p>\n
Steering clear of the first major support level at $137.96, Litecoin rallied to an early afternoon intraday high $156.99.<\/p>\n
Litecoin broke through the 23.6% FIB of $148 and the first major resistance level at $155.79 before hitting reverse.<\/p>\n
The reversal saw Litecoin fall back to sub-$150 levels before closing out the day at $155 levels.<\/p>\n
While failing to break back through the first major resistance level, the 23.6% FIB limited the downside late on.<\/p>\n
At the time of writing, Litecoin was up by 0.29% to $155.60. A mixed start to the day saw Litecoin fall to an early morning low $154.91 before striking a high $156.00.<\/p>\n
Litecoin left the major support and resistance levels untested early on.<\/p>\n
Litecoin would need to avoid a fall through the $151.92 pivot level to support a run at the first major resistance level at $160.22.<\/p>\n
Support from the broader market would be needed, however, for Litecoin to break out from Fridays high $156.99.<\/p>\n
Barring an extended crypto rally, the first major resistance level would likely cap any upside.<\/p>\n
In the event of an extended breakout, Litecoin could test resistance at $170 before any pullback. The second major resistance level sits at $165.28.<\/p>\n
Failure to avoid a fall through the $151.92 pivot level would bring the 23.6% FIB of $148 and the first major support level at $146.86 into play.<\/p>\n
Barring an extended sell-off, Litecoin should steer clear of sub-$140 levels. The second major support level sits at $138.56.<\/p>\n
First Major Support Level: $146.86<\/p>\n
Pivot Level: $151.92<\/p>\n
First Major Resistance Level: $160.22<\/p>\n
23.6% FIB Retracement Level: $148<\/p>\n
38.2% FIB Retracement Level: $125<\/p>\n
62% FIB Retracement Level: $87<\/p>\n
Ripples XRP rose by 1.49% on Friday. Following a 12.12% jump on Thursday, Ripples XRP ended the day at $0.45276.<\/p>\n
A bullish start to the day saw Ripples XRP rise to an early morning intraday high $0.47230 before hitting reverse.<\/p>\n
Falling short of the first major resistance level at $0.4917, Ripples XRP slid to a late morning intraday low $0.42657.<\/p>\n
Steering well clear of the 38.2% FIB of $0.4070 and the first major support level at $0.3905, Ripples XRP revisited $0.46 levels before easing back.<\/p>\n
At the time of writing, Ripples XRP was down by 0.01% to $0.45273. A mixed start to the day saw Ripples XRP rise to an early morning high $0.45688 before falling to a low $0.44863.<\/p>\n
Ripples XRP left the major support and resistance levels untested early on.<\/p>\n
Ripples XRP will need to avoid a fall back through the $0.4505 pivot level to bring the first major resistance level at $0.4745 into play.<\/p>\n
Support from the broader market would be needed, however, for Ripples XRP to break back through to $0.47 levels.<\/p>\n
Barring another extended crypto rally, the first major resistance level and Fridays high $0.4723 would likely cap any upside.<\/p>\n
In the event of an extended rally, Ripples XRP could the second major resistance level at $0.4963 and resistance at $0.50.<\/p>\n
Failure to avoid a fall back through the $0.4505 pivot would bring the first major resistance level at $0.4288 into play.<\/p>\n
Barring an extended sell-off, Ripples XRP should steer clear of sub-$0.40 levels. The 38.2% FIB of $0.4070 and the second major support level at $0.4048 should limit the downside.<\/p>\n
First Major Support Level: $0.4288<\/p>\n
Pivot Level: $0.4505<\/p>\n
First Major Resistance Level: $0.4745<\/p>\n
23.6% FIB Retracement Level: $0.6274<\/p>\n
38.2% FIB Retracement Level: $0.5285<\/p>\n
62% FIB Retracement Level: $0.3687<\/p>\n
Please let us know what you think in the comments below.<\/p>\n
Thanks, Bob<\/p>\n
This article was originally posted on FX Empire<\/p>\n
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See the article here: <\/p>\n
Ethereum, Litecoin, and Ripples XRP Daily Tech Analysis February 6th, 2021 - Yahoo Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Ethereum Ethereum rallied by 7.75% on Friday. Reversing a 4.26% slide from Thursday, Ethereum ended the day at $1,721.06. It was a mixed start to the day. Continue reading