Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 29th, 2021

For the day ahead

Litecoin would need to avoid the $188 pivot to bring the first major resistance level at $197 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 resistance at $200 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 $204.

A fall through the $186 pivot would bring the first major support level at $180 and the 23.6% FIB of $178 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$175. The second major support level sits at $171.

Looking at the Technical Indicators

First Major Support Level: $180

Pivot Level: $188

First Major Resistance Level: $197

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 6.19% on Thursday. Partially reversing a 10.03% tumble from Wednesday, Ripple’s XRP ended the day at $1.05804.

Tracking the broader market, Ripple’s XRP fell to an early intraday low $0.98211 before making a move.

Steering clear of the first major support level at $0.9232, Ripple’s XRP rallied to a late morning intraday high $1.08956.

While falling short of the first major resistance level at $1.0947, Ripple’s XRP broke through the 38.2% FIB of $1.0659.

An afternoon pullback, however, saw Ripple’s XRP fall back through the 38.2% FIB to end the day at sub-$1.06 levels.

At the time of writing, Ripple’s XRP was up by 0.69% to $1.06536. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.05842 before rising to a high $1.06536.

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

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