Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 14th, 2021

Ethereum

Ethereum rallied by 3.38% on Wednesday. Reversing a 1.46% decline from Tuesday, Ethereum ended the day at $3,608.21.

A blended begin to the day noticed Ethereum slide to an early afternoon intraday low $3,412.45 earlier than making a transfer.

Discovering assist on the first main assist degree at $3,413, Ethereum rallied to a late intraday excessive $3,614.48.

Ethereum broke via the primary main resistance degree at $3,559.

Coming inside vary of the second main resistance degree at $3,627, nonetheless, Ethereum briefly slipped again sub-$3,600 ranges.

On the time of writing, Ethereum was up by 0.29% to $3,618.52. A bullish begin to the day noticed Ethereum rise from an early morning low $3,608.26 to a excessive $3,624.88.

Ethereum left the key assist and resistance ranges untested early on.

For the day forward

Ethereum would wish to keep away from the $3,545 pivot to deliver the primary main resistance degree at $3,678 play.

Help from the broader market can be wanted, nonetheless, for Ethereum to interrupt out from $3,650 ranges.

Barring an prolonged crypto rally, the primary main resistance degree would possible cap the upside.

Within the occasion of a broad-based crypto rally, Ethereum may take a look at resistance at $3,800 earlier than any pullback. The second main resistance degree sits at $3,747.

A fall via the $3,545 pivot would deliver the primary main assist degree at $3,476 into play.

Barring an prolonged sell-off, nonetheless, Ethereum ought to keep away from sub-$3,300 ranges. The 23.6% FIB of $3,369 and the second main assist degree at $3,343 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Help Stage: $3,476

Pivot Stage: $3,545

First Main Resistance Stage: $3,678

23.6% FIB Retracement Stage: $3,369

38.2% FIB Retracement Stage: $2,740

62% FIB Retracement Stage: $1,725

Litecoin

Litecoin rallied by 2.89% on Wednesday. Partially reversing a 3.64% slide from Tuesday, Litecoin ended the day at $177.61.

A uneven begin to the day noticed Litecoin slide to a late morning intraday low $167.61 earlier than making a transfer.

Story continues

Steering away from the primary main assist degree at $166, Litecoin rallied to a late intraday excessive $179.66.

Litecoin broke via the 23.6% FIB of $178 and the primary main resistance degree at $179.

A late pullback, nonetheless, noticed Litecoin fall again via the primary main resistance degree and the 23.6% FIB to finish the day at $177 ranges.

On the time of writing, Litecoin was up by 0.33% to $178.19. A bullish begin to the day noticed Litecoin transfer from an early morning low $177.69 to a excessive $178.39.

Whereas leaving the key assist and resistance ranges untested, Litecoin broke again via the 23.6% FIB of $178.

For the day forward

Litecoin would wish to keep away from the 23.6% FIB of $178 and the $175 pivot to deliver the primary main resistance degree at $182 into play.

Help from the broader market can be wanted, nonetheless, for Litecoin to interrupt out from Wednesday’s excessive $179.66.

Barring an prolonged crypto rally, the primary main resistance degree would possible cap the upside.

Within the occasion of one other breakout, Litecoin may take a look at resistance at $190 earlier than any pullback. The second main resistance degree sits at $187.

A fall via the 23.6% FIB and the $175 pivot would deliver the primary main assist degree at $170 into play.

Barring an prolonged sell-off, Litecoin ought to keep away from sub-$165. The second main assist degree sits at $163.

Trying on the Technical Indicators

First Main Help Stage: $170

Pivot Stage: $175

First Main Resistance Stage: $182

23.6% FIB Retracement Stage: $178

38.2% FIB Retracement Stage: $223

62% FIB Retracement Stage: $296

Ripple’s XRP

Ripple’s XRP rose by 2.54% on Wednesday. Partially reversing a 2.95% loss from Tuesday, Ripple’s XRP ended the day at $1.12682.

A blended begin to the day noticed Ripple’s XRP fall to a late morning intraday low $1.07501 earlier than making a transfer.

Steering away from the primary main assist degree at $1.0666, Ripple’s XRP rallied to a late intraday excessive $1.13862.

Arising in opposition to the primary main resistance degree at $1.1373, nonetheless, Ripple’s XRP fell again to finish the day at sub-$1.13 ranges.

On the time of writing, Ripple’s XRP was up by 0.45% to $1.13186. A bullish begin to the day noticed Ripple’s XRP rise from an early morning low $1.12760 to a excessive $1.13186.

Ripple’s XRP left the key assist and resistance ranges untested early on.

For the day forward

Ripple’s XRP would wish to keep away from the $1.1135 pivot to deliver the primary main resistance degree at $1.1520 into play.

Help can be wanted, nonetheless, for Ripple’s XRP to interrupt again via to $1.15 ranges.

Barring an prolonged crypto rally, the primary main resistance degree would possible cap the upside.

Within the occasion of a broad-based crypto rally, Ripple’s XRP may take a look at resistance at $1.20. The second main resistance degree sits at $1.1771.

A fall via the $1.1135 pivot would deliver the primary main assist degree at $1.0883 into play.

Barring an prolonged sell-off, nonetheless, Ripple’s XRP ought to keep away from the second main assist degree at $1.0499. The 38.2% FIB of $1.0659 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Help Stage: $1.0883

Pivot Stage: $1.1135

First Main resistance Stage: $1.1520

23.6% FIB Retracement Stage: $0.8533

38.2% FIB Retracement Stage: $1.0659

62% FIB Retracement Stage: $1.4096

Please tell us what you suppose within the feedback beneath.

Thanks, Bob

This article was initially posted on FX Empire

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