Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 6th, 2021

For the day ahead

Litecoin would need to avoid the $172 pivot to bring the first major resistance level at $177 and the 23.6% FIB of $178 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $175 levels

Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $185 levels before any pullback. The second major resistance level sits at $181.

A fall through the $172 pivot would bring the first major support level at $169 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$165. The second major support level sits at $163.

Looking at the Technical Indicators

First Major Support Level: $169

Pivot Level: $172

First Major Resistance Level: $177

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 3.95% on Tuesday. Reversing a 1.20% fall from Monday, Ripple’s XRP ended the day at $1.08544.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.03925 before making a move.

Steering clear of the first major support level at $1.0132, Ripple’s XRP rallied to a late intraday high $1.08759.

Ripple’s XRP broke through the first major resistance level at $1.0658 and the 38.2% FIB of $1.0659 to end the day at $1.08 levels.

At the time of writing, Ripple’s XRP was down by 0.50% to $1.07999. a mixed start to the day saw Ripple’s XRP rise to an early morning high $1.08434 before falling to a low $1.07999.

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

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