Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 23rd, 2021

For the day ahead

Litecoin would need to move through the $194 pivot to bring the first major resistance level at $199 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $195 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $201.47 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $210 before any pullback. The second major resistance level sits at $207.

Failure to move through the $194 pivot would bring the first major support level at $186 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$175. The second major support level at $180 and the 23.6% FIB of $178 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $186

Pivot Level: $194

First Major Resistance Level: $199

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP slipped by 0.03% on Friday. Following a 5.04% slide on Thursday, Ripple’s XRP ended the day at $1.08883.

After a choppy start to the day, Ripple’s XRP fell to an early afternoon intraday low $1.07617 before making a move.

Steering clear through the 38.2% FIB of $1.0659 and the first major support level at $1.0609, Ripple’s XRP rallied to a mid-afternoon intraday high $1.12781.

Falling short of the first major resistance level at $1.1400, Ripple’s XRP fell back to $1.07 levels before finding late support.

Late in the day, Ripple’s XRP briefly moved back through to $1.09 levels before falling back into the red.

At the time of writing, Ripple’s XRP was down by 0.41% to $1.08435. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.08871 before falling to a low $1.08396.

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

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