Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 15th, 2021


For the day ahead

Litecoin would need to move through the $182 pivot to bring the first major resistance level at $186 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $185 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $186.52 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $195 before any pullback. The second major resistance level sits at $191.

Failure to move through the $182 pivot would bring the 23.6% FIB of $178 and the first major support level at $177 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$170. The second major support level at $172 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $177

Pivot Level: $182

First Major Resistance Level: $186

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 0.62% on Thursday. Following a 2.54% rise on Wednesday, Ripple’s XRP ended the day at $1.XXXX.

A mixed start to the day saw Ripple’s XRP fall to a late morning intraday low $1.11737 before making a move.

Steering clear of the first major support level at $1.0883, Ripple’s XRP rallied to an early afternoon intraday high $1.15800.

Coming up against the first major resistance level at $1.1520, however, Ripple’s XRP fell back to sub-$1.1250 levels before finding support.

A late move back through to $1.13 levels delivered the upside on the day.

At the time of writing, Ripple’s XRP was down by 0.69% to $1.12588. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.13326 to a low $1.12588.

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



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