Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 25th, 2021


For the day ahead

Litecoin would need to move through the $192 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 Sunday’s high $199.90 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 $192 pivot would bring the first major support level at $184 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$175. The 23.6% FIB of $178 and the second major support level at $177 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $184

Pivot Level: $192

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 fell by 1.04% on Sunday. Reversing a 0.47% rise from Saturday, Ripple’s XRP ended the week down by 0.86% to $1.0826.

After a mixed start to the day, Ripple’s XRP rise to an early morning intraday high $1.0961 before hitting reverse.

Falling short of the first major resistance level at $1.1040, Ripple’s XRP slid to a late afternoon intraday low $1.05291.

Ripple’s XRP fell through the first major support level at $1.0798 and the second major support level at $1.0666.

More significantly, Ripple’s XRP also fell through the 38.2% FIB of $1.0659 before finding support.

Late in the day, Ripple’s XRP moved back through the 38.2% FIB and the major support levels to end the day at $1.08 levels.

At the time of writing, Ripple’s XRP was up by 0.51% to $1.08814. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.07828 before rising to a high $1.08839.

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



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