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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 1st, 2021 – FX Empire
It's a bearish start to the day for the majors. Failure to move through the day's pivot levels would leave support levels in play.
For the day ahead
Litecoin would need to move through the $130.16 pivot level to support a run at the first major resistance level at $134.63.
Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.
Barring an extended crypto rally, the first major resistance level and Sundays high $135.21 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $140 before any pullback. The second major resistance level…
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