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Tech Analysis: Ethereum, Litecoin, and Ripple’s XRP

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Shivangi Mujumdar Follow


Jan, 18 2021

Jan, 18 2021

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It is in a down market to begin the day for the majors. Let Down to move back over and done with the early highs would carry support stages into play.


Ethereum united by 9.81% on Wednesday. Subsequent to a 5.9% gain on Tuesday, Ethereum finished the day at $1,212.02. 

Added mixed beginning to the day saw Ethereum fall to an initial morning intraday little $1,058.32 earlier making a move. 

Steering impeccably of the foremost provision level at $1,006.84, Ethereum combined to a late afternoon intraday unlimited and a new dig hi $1,215.98. 


Litecoin collected by 6.54% on Wednesday. Subsequent to a 2.28% achievement on Tuesday, Litecoin completed the day at $169.41. 

An assorted start to the day cut Litecoin fell to an initial morning intraday low of $155.37 previously making a move. 

Beating perfect of the leading main support level at $149.31, Litecoin cohesive to a late afternoon intraday high $169.90. 

Litecoin ruined from side to side the first main struggle level at $166.05 previously a pullback to sub-$160 levels. 

Discovering the late support, though, Litecoin broke back and concluded the first main resistance level to steal up the day at $169 levels. 

At the time of inscription, Litecoin fell by 1.12% to $167.52. 

Litecoin left the foremost support and struggle levels untried early on.


Ripple’s XRP flowed by 9.97% on Wednesday. Retreating a 4.09% slip from Tuesday, Ripple’s XRP completed the day at $0.24905. 

The foremost support level at $0.2152 for Ripple’s XRP bounded to a first afternoon intraday extreme of $0.27627. 

Ripple’s XRP ruined the first key struggle level at $0.2402 and the second main resistance level at $0.2541. 

Impending within the choice of the third main resistance level at $0.2791, still, slid back to sub-$0.24 levels. 

Ripple’s XRP missing the main provision and struggle levels untried early on. 

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Shivangi Mujumdar

CBW - External Analyst


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