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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 5th, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 5th, 2021

October 5, 2021
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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 5th, 2021

by admin
October 5, 2021
in Ripple
0


For the day forward

Litecoin would wish to maneuver again by way of the $167 pivot to carry the primary main resistance stage at $172 into play.

Help from the broader market could be wanted, nevertheless, for Litecoin to interrupt again by way of to $170 ranges

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

Within the occasion of one other breakout, Litecoin may check resistance on the 23.6% FIB of $178. The second main resistance stage sits at $176.

Failure to maneuver again by way of the $167 pivot would carry the primary main assist stage at $162 into play.

Barring an prolonged sell-off, Litecoin ought to keep away from sub-$160. The second main assist stage sits at $157.

Wanting on the Technical Indicators

First Main Help Degree: $162

Pivot Degree: $167

First Main Resistance Degree: $172

23.6% FIB Retracement Degree: $178

38.2% FIB Retracement Degree: $223

62% FIB Retracement Degree: $296

Ripple’s XRP

Ripple’s XRP fell by 1.20% on Monday. Partially reversing a 1.76% rise from Sunday, Ripple’s XRP ended the day at $1.04272.

A combined begin to the day noticed Ripple’s XRP rise to an early morning intraday excessive $1.05933 earlier than hitting reverse.

Falling wanting the 38.2% FIB of $1.0659 and the primary main resistance stage at $1.0888, Ripple’s XRP slid to a mid-afternoon intraday low $1.00679.

Ripple’s XRP fell by way of the primary main assist stage at $1.0221 earlier than briefly revisiting $1.05 ranges.

On the time of writing, Ripple’s XRP was down by 0.26% to $1.04000. A combined begin to the day noticed Ripple’s XRP rise to an early morning excessive $1.04439 earlier than falling to a low $1.04000.

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



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