Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 5th, 2021

For the day ahead

Litecoin would need to move back through the $167 pivot to bring the first major resistance level at $172 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $170 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 the 23.6% FIB of $178. The second major resistance level sits at $176.

Failure to move back through the $167 pivot would bring the first major support level at $162 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$160. The second major support level sits at $157.

Looking at the Technical Indicators

First Major Support Level: $162

Pivot Level: $167

First Major Resistance Level: $172

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP fell by 1.20% on Monday. Partially reversing a 1.76% rise from Sunday, Ripple’s XRP ended the day at $1.04272.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.05933 before hitting reverse.

Falling short of the 38.2% FIB of $1.0659 and the first major resistance level at $1.0888, Ripple’s XRP slid to a mid-afternoon intraday low $1.00679.

Ripple’s XRP fell through the first major support level at $1.0221 before briefly revisiting $1.05 levels.

At the time of writing, Ripple’s XRP was down by 0.26% to $1.04000. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.04439 before falling to a low $1.04000.

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

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