Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 30th, 2021


For the day ahead

Litecoin would need to avoid the $195 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 $195 pivot would bring the first major support level at $190 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$180. The second major support level at $184 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $190

Pivot Level: $195

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 2.05% on Friday. Following a 6.19% rally on Thursday, Ripple’s XRP ended the day at $1.08098.

After a mixed start, Ripple’s XRP fell to a late morning intraday low $1.05411 before making a move.

While steering clear of the first major support level at $0.9999, Ripple’s XRP briefly fell through the 38.2% FIB of $1.0659.

Finding late morning support, however, Ripple’s XRP rose to a late intraday high $1.08998.

While breaking back through the 38.2% FIB, Ripple’s XRP fell short of the first major resistance level at $1.0984.

Coming up against resistance at $1.09, Ripple’s XRP eased back to end the day at sub-$1.0810 levels.

At the time of writing, Ripple’s XRP was down by 0.21% to $1.07870. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.08350 before falling to a low $1.07795.

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



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