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

For the day forward

Litecoin would want to keep away from the $172 pivot to deliver the primary main resistance degree at $177 and the 23.6% FIB of $178 into play.

Assist from the broader market can be wanted, nonetheless, for Litecoin to interrupt out from $175 ranges

Barring an prolonged crypto rally, the primary main resistance degree and 23.6% FIB would probably cap the upside.

Within the occasion of one other breakout, Litecoin might check resistance at $185 ranges earlier than any pullback. The second main resistance degree sits at $181.

A fall via the $172 pivot would deliver the primary main assist degree at $169 into play.

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

Trying on the Technical Indicators

First Main Assist Degree: $169

Pivot Degree: $172

First Main Resistance Degree: $177

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

A blended begin to the day noticed Ripple’s XRP fall to an early morning intraday low $1.03925 earlier than making a transfer.

Steering away from the primary main assist degree at $1.0132, Ripple’s XRP rallied to a late intraday excessive $1.08759.

Ripple’s XRP broke via the primary main resistance degree at $1.0658 and the 38.2% FIB of $1.0659 to finish the day at $1.08 ranges.

On the time of writing, Ripple’s XRP was down by 0.50% to $1.07999. a blended begin to the day noticed Ripple’s XRP rise to an early morning excessive $1.08434 earlier than falling to a low $1.07999.

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