Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 14th, 2021

For the day ahead

Litecoin would need to avoid the 23.6% FIB of $178 and the $175 pivot to bring the first major resistance level at $182 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $179.66.

Barring an extended crypto rally, the first major resistance level would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $190 before any pullback. The second major resistance level sits at $187.

A fall through the 23.6% FIB and the $175 pivot would bring the first major support level at $170 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$165. The second major support level sits at $163.

Looking at the Technical Indicators

First Major Support Level: $170

Pivot Level: $175

First Major Resistance Level: $182

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 2.54% on Wednesday. Partially reversing a 2.95% loss from Tuesday, Ripple’s XRP ended the day at $1.12682.

A mixed start to the day saw Ripple’s XRP fall to a late morning intraday low $1.07501 before making a move.

Steering clear of the first major support level at $1.0666, Ripple’s XRP rallied to a late intraday high $1.13862.

Coming up against the first major resistance level at $1.1373, however, Ripple’s XRP fell back to end the day at sub-$1.13 levels.

At the time of writing, Ripple’s XRP was up by 0.45% to $1.13186. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.12760 to a high $1.13186.

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

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