Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 27th, 2021

For the day ahead

Litecoin would need to avoid the $196 pivot to bring the first major resistance level at $201 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $200 levels.

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 $210 before any pullback. The second major resistance level sits at $205.

A fall through the $196 pivot would bring the first major support level at $192 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$185. The second major support level at $187 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $192

Pivot Level: $196

First Major Resistance Level: $201

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 1.06% on Tuesday. Following a 1.12% gain on Monday, Ripple’s XRP ended the day at $1.10703.

After a choppy morning and afternoon, Ripple’s XRP surged to a late intraday high $1.15941 before hitting reverse.

Ripple’s XRP broke through the day’s major resistance levels before sliding to a late intraday low $1.09100.

Steering clear of the first major support level at $1.0815, Ripple’s XRP broke back through the first major resistance level at $1.1062 to end the day at $1.1070 levels.

At the time of writing, Ripple’s XRP was down by 0.46% to $1.10193. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.10512 to a low $1.10193.

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

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