Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 16th, 2021

Ethereum

Ethereum rose by 2.08% on Friday. Following a 5.08% rally on Thursday, Ethereum ended the day at $3,869.73.

A blended begin to the day noticed Ethereum fall to an early intraday low $3,734.44 earlier than making a transfer.

Steering away from the primary main assist stage at $3,644, Ethereum rallied to a late intraday excessive $3,900.00.

Ethereum broke by way of the primary main resistance stage at $3,884 earlier than easing again.

Falling wanting the second main resistance stage at $3,977, Ethereum ended the day at sub-$3,870 ranges.

On the time of writing, Ethereum was down by 0.33% to $3,856.93. A blended begin to the day noticed Ethereum rise to an early morning excessive $3,873.05 earlier than falling to a low $3,851.64.

Ethereum left the most important assist and resistance ranges untested early on.

For the day forward

Ethereum would want to keep away from the $3,835 pivot to convey the primary main resistance stage at $3,935 play.

Help from the broader market can be wanted, nonetheless, for Ethereum to interrupt out from Friday’s excessive $3,900.00.

Barring an prolonged crypto rally, the primary main resistance stage would probably cap the upside.

Within the occasion of a broad-based crypto rally, Ethereum may take a look at the second main resistance stage at $4,000.

A fall by way of the $3,835 pivot would convey the primary main assist stage at $3,770 into play.

Barring an prolonged sell-off, nonetheless, Ethereum ought to keep away from sub-$3,600 ranges. The second main assist stage at $3,669 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Help Degree: $3,770

Pivot Degree: $3,835

First Main Resistance Degree: $3,935

23.6% FIB Retracement Degree: $3,369

38.2% FIB Retracement Degree: $2,740

62% FIB Retracement Degree: $1,725

Litecoin

Litecoin rallied by 4.50% on Friday. Following a 2.14% achieve on Thursday, Litecoin ended the day at $189.63.

A uneven begin to the day noticed Litecoin fall to an early morning intraday low $176.61 earlier than making a transfer.

Discovering assist on the first main assist stage at $177, Litecoin rallied to a late intraday excessive $192.84.

Litecoin broke by way of the 23.6% FIB of $178 and the primary main resistance stage at $186.

The breakout noticed Litecoin additionally break by way of the second main resistance stage at $191 earlier than easing again to sub-$190.

On the time of writing, Litecoin was up by 0.40% to $190.39. A blended begin to the day noticed Litecoin fall to an early morning low $189.39 earlier than rising to a excessive $190.53.

Litecoin left the most important assist and resistance ranges untested early on.

For the day forward

Litecoin would want to keep away from the $186 pivot to convey the primary main resistance stage at $196 into play.

Help from the broader market can be wanted, nonetheless, for Litecoin to interrupt out from Friday’s excessive $192.84.

Barring an prolonged crypto rally, the primary main resistance stage and resistance at $200 would probably cap the upside.

Within the occasion of one other breakout, Litecoin may take a look at resistance at $210 earlier than any pullback. The second main resistance stage sits at $203.

A fall by way of the $186 pivot would convey the primary main assist stage at $180 and the 23.6% FIB of $178 into play.

Barring an prolonged sell-off, Litecoin ought to keep away from sub-$170. The second main assist stage at $170 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Help Degree: $180

Pivot Degree: $186

First Main Resistance Degree: $196

23.6% FIB Retracement Degree: $178

38.2% FIB Retracement Degree: $223

62% FIB Retracement Degree: $296

Ripple’s XRP

Ripple’s XRP rose by 0.58% on Friday. Following a 0.62% achieve on Thursday, Ripple’s XRP ended the day at $1.13982.

A blended begin to the day noticed Ripple’s XRP rally to an early morning intraday excessive $1.16471 earlier than hitting reverse.

Ripple’s XRP broke by way of the primary main resistance stage at $1.1554 earlier than falling to a mid-morning intraday low $1.10451.

The reversal noticed Ripple’s XRP fall by way of the primary main assist stage at $1.1147 earlier than briefly revisiting $1.15 ranges.

Developing in opposition to the primary main resistance stage at $1.1554, Ripple’s XRP fell again to finish the day at sub-$1.14 ranges.

On the time of writing, Ripple’s XRP was Ripple’s XRP up by 0.38% to $1.14411. A bullish begin to the day noticed Ripple’s XRP rise from an early morning low $1.14252 to a excessive $1.14482.

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

For the day forward

Ripple’s XRP would want to keep away from the $1.1363 pivot to convey the primary main resistance stage at $1.1682 into play.

Help can be wanted, nonetheless, for Ripple’s XRP to interrupt out from Friday’s excessive $1.16471.

Barring an prolonged crypto rally, the primary main resistance stage would probably 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 stage sits at $1.1965.

A fall by way of the $1.1363 pivot would convey the primary main assist stage at $1.1080 into play.

Barring an prolonged sell-off, nonetheless, Ripple’s XRP ought to keep away from the 38.2% FIB of $1.0659. The second main assist stage at $1.0761 ought to restrict the draw back.