Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 28th, 2021

For the day ahead

Litecoin would need to move through the $186 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 back through to $190 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $205.03 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 $218.

Failure to move through the $186 pivot would bring the 23.6% FIB of $178 and the first major support level at $166 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$165. The second major support level sits at $153.

Looking at the Technical Indicators

First Major Support Level: $166

Pivot Level: $186

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 tumbled by 10.03% on Wednesday. Reversing a 1.06% gain from Tuesday, Ripple’s XRP ended the day at $0.99432.

A mixed start saw Ripple’s XRP rise to an early intraday high $1.12399 before hitting reverse.

Falling short of the first major resistance level at $1.1473, Ripple’s XRP slumped to a late morning intraday low $0.95242.

The extended sell-off saw Ripple’s XRP fall through the day’s major support levels and through the 38.2% FIB of $1.0659.

Finding late morning support, however, Ripple’s XRP broke back through the third major support level at $0.9823 to end the day at $0.99 levels.

At the time of writing, Ripple’s XRP was up by 0.91% to $1.00333. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.99432 before rising to a high $1.00333.

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

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