Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 26th, 2021

For the day ahead

Litecoin would need to avoid 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 Monday’s high $197.36.

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 $205 before any pullback. The second major resistance level sits at $202.

A fall through the $194 pivot would bring the first major support level at $191 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$185. The second major support level at $186 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $191

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 rose by 1.12% on Monday. Reversing a 1.04% loss from Sunday, Ripple’s XRP ended the day at $1.09551.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $1.07828 before making a move.

Steering clear of the 38.2% FIB of $1.0659 and the first major support level at $1.0583, Ripple’s XRP rose to a late afternoon intraday high $1.1030.

Ripple’s XRP broke through the first major resistance level at $1.1015 before a pullback to sub-$1.09 levels.

Finding late support, however, Ripple’s XRP moved back through to $1.095 levels to deliver the upside on the day.

At the time of writing, Ripple’s XRP was down by 0.08% to $1.09458. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.09565 before falling to a low $1.09458.

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

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