Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 1st, 2021


For the day ahead

Litecoin would need to avoid the $151 pivot to bring the first major resistance level at $157 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $155 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $160 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $165 before any pullback. The second major resistance level sits at $161.

A fall through the $151 pivot would bring the first major support level at $147 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$140. The second major support level at $140 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $147

Pivot Level: $151

First Major Resistance Level: $157

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 2.97% on Thursday. Following a 3.91% gain on Wednesday, Ripple’s XRP ended the month down by 19.64% to $0.95348.

A mixed start saw Ripple’s XRP fall to an early morning intraday low $0.92245 before making a move.

Steering clear of the first major support level at $0.8788, Ripple’s XRP rallied to an early morning intraday high $0.96250.

Falling short of the first major resistance level at $0.9841, however, Ripple’s XRP slid back to $0.93 levels.

Finding late support, Ripple’s XRP moved back through to $0.95 levels to deliver the upside on the day.

At the time of writing, Ripple’s XRP was up by 0.38% to $0.95707. A mixed start to the day saw Ripple’s XRP fall to an early low $0.95352 before rising to a high $0.95884.

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



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