Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 9th, 2021

For the day forward

Litecoin would want to maneuver by way of the $178 pivot and 23.6% FIB of $178 to convey the primary main resistance stage at $181 into play.

Assist from the broader market can be wanted, nonetheless, for Litecoin to interrupt again by way of to $180 ranges

Barring an prolonged crypto rally, the primary main resistance stage and Friday’s excessive $183.44 would seemingly cap the upside.

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

Failure to maneuver by way of the $178 pivot and the 23.6% FIB of $178 would convey the primary main help stage at $172 into play.

Barring an prolonged sell-off, Litecoin ought to keep away from sub-$165. The second main help stage at $169 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Assist Stage: $172

Pivot Stage: $178

First Main Resistance Stage: $181

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 0.53% on Friday. Following a 0.78% decline on Thursday, Ripple’s XRP ended the day at $1.06309.

A blended begin to the day noticed Ripple’s XRP rise to a late morning intraday excessive $1.09198 earlier than hitting reverse.

Falling in need of the primary main resistance stage at $1.0928, Ripple’s XRP slid to a late intraday low $1.05401.

Whereas steering away from the primary main help stage at $1.0434, Ripple’s XRP fell by way of the 38.2% FIB of $1.0659.

Discovering late help, nonetheless, Ripple’s XRP examined resistance on the 38.2% FIB of $1.0659 earlier than easing again.

On the time of writing, Ripple’s XRP was up by 0.26% to $1.06581. A blended begin to the day noticed Ripple’s XRP fall to an early morning low $1.05741 earlier than rising to a excessive $1.06618.

Whereas leaving the main help and resistance ranges untested, Ripple’s XRP briefly broke by way of the 38.2% FIB of $1.0659.