Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 8th, 2021

Ethereum

Ethereum rose by 0.34% on Thursday. Following a 1.64% achieve on Wednesday, Ethereum ended the day at $3,588.51.

A combined begin to the day noticed Ethereum slide to an early morning intraday low $3,471.52 earlier than making a transfer.

Steering away from the primary main assist stage at $3,401, Ethereum rallied to a late intraday excessive $3,655.02.

Falling in need of the primary main resistance stage at $3,691, nevertheless, Ethereum eased again to finish the day at sub-$3,600 ranges.

On the time of writing, Ethereum was down by 0.24% to $3,579.96. A combined begin to the day noticed Ethereum rise to an early morning excessive $3,592.27 earlier than falling to a low $3,576.57.

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

For the day forward

Ethereum would want to keep away from the $3,572 pivot to deliver the primary main resistance stage at $3,672 play.

Assist from the broader market could be wanted, nevertheless, for Ethereum to interrupt out from Thursday’s excessive $3,655.02.

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

Within the occasion of a broad-based crypto rally, Ethereum may check resistance at $4,000 earlier than any pullback. The second main resistance stage sits at $3,755.

A fall by means of the $3,572 pivot would deliver the primary main assist stage at $3,488 into play.

Barring an prolonged sell-off, nevertheless, Ethereum ought to keep away from the 23.6% FIB of $3,369. The second main assist stage at $3,388 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Assist Stage: $3,488

Pivot Stage: $3,572

First Main Resistance Stage: $3,672

23.6% FIB Retracement Stage: $3,369

38.2% FIB Retracement Stage: $2,740

62% FIB Retracement Stage: $1,725

Litecoin

Litecoin rose by 0.06% on Thursday. Following a 2.70% rise from Wednesday, Litecoin ended the day at $178.61.

A combined begin to the day noticed Litecoin fall to an early morning intraday low $173.42 earlier than making a transfer.

Whereas steering clear the primary main assist stage at $167, Litecoin fell by means of the 23.6% FIB of $178.

Story continues

Discovering early morning assist, nevertheless, Litecoin rallied to a late morning intraday excessive $187.03.

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

A late morning pullback, nevertheless, noticed Litecoin fall again to $176 ranges earlier than a transfer again by means of the 23.6% FIB.

On the time of writing, Litecoin was down by 0.22% to $178.22. A variety-bound begin to the day noticed Litecoin rise to an early morning excessive $178.93 earlier than falling to a low $178.17.

Litecoin left the main assist and resistance ranges untested early on.

For the day forward

Litecoin would want to maneuver by means of the $180 pivot to deliver the primary main resistance stage at $186 into play.

Assist from the broader market could be wanted, nevertheless, for Litecoin to interrupt again by means of to $185 ranges

Barring an prolonged crypto rally, the primary main resistance stage and Thursday’s excessive $187.03 would doubtless cap the upside.

Within the occasion of one other breakout, Litecoin may check resistance at $200 earlier than any pullback. The second main resistance stage sits at $193.

Failure to maneuver by means of the $180 pivot would deliver the 23.6% FIB of $178 and the primary main assist stage at $172 into play.

Barring an prolonged sell-off, Litecoin ought to keep away from sub-$165. The second main assist stage at $166 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Assist Stage: $172

Pivot Stage: $180

First Main Resistance Stage: $186

23.6% FIB Retracement Stage: $178

38.2% FIB Retracement Stage: $223

62% FIB Retracement Stage: $296

Ripple’s XRP

Ripple’s XRP fell by 0.78% on Thursday. Following a 0.38% decline on Wednesday, Ripple’s XRP ended the day at $1.0675.

A combined begin to the day noticed Ripple’s XRP slide to an early morning intraday low $1.04453 earlier than making a transfer.

Whereas steering away from the primary main assist stage at $1.0295, Ripple’s XRP fell by means of the 38.2% FIB of $1.0659.

Discovering early morning assist, nevertheless, Ripple’s XRP rallied to a late morning intraday excessive $1.0939 earlier than a 2^nd pullback.

Whereas breaking again by means of the 38.2% FIB, Ripple’s XRP got here up in need of the primary main resistance stage at $1.1185.

The two^nd pullback noticed Ripple’s XRP fall again by means of the 38.2% FIB of 1.0659 earlier than ending the day at $1.067 ranges.

On the time of writing, Ripple’s XRP was up by 0.33% to $1.07106. A bullish begin to the day noticed Ripple’s XRP rise from an early morning low $1.06879 to a excessive $1.07106.

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

For the day forward

Ripple’s XRP would want to keep away from the $1.0687 pivot to deliver the primary main resistance stage at $1.0928 into play.

Assist could be wanted, nevertheless, for Ripple’s XRP to interrupt again by means of to $1.09 ranges.

Barring an prolonged crypto rally, the primary main resistance stage and resistance at $1.10 would doubtless cap the upside.

Within the occasion of a broad-based crypto rally, Ripple’s XRP may check resistance at $1.15 ranges. The second main resistance stage sits at $1.1181.

A fall by means of the $1.0687 pivot would deliver the 38.2% FIB of $1.0659 and the primary main assist stage at $1.0434 into play.

Barring an prolonged sell-off, nevertheless, Ripple’s XRP ought to keep away from sub-$1.00 ranges. The second main assist stage at $1.0193 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Assist Stage: $1.0434

Pivot Stage: $1.0687

First Main resistance Stage: $1.0928

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 under.

Thanks, Bob

This article was initially posted on FX Empire

Extra From FXEMPIRE: