Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 4th, 2021

For the day forward

Litecoin would wish to maneuver via the $171 pivot to carry the primary main resistance degree at $175 into play.

Help from the broader market could be wanted, nonetheless, for Litecoin to interrupt out from Sunday’s excessive $174.99.

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

Within the occasion of one other breakout, Litecoin might check resistance on the 23.6% FIB of $178 and the second main resistance degree at $180.

Failure to maneuver via the $171 pivot would carry the primary main assist degree at $166 into play.

Barring an prolonged sell-off, Litecoin ought to keep away from sub-$160. The second main assist degree at $161 ought to restrict the draw back.

Wanting on the Technical Indicators

First Main Help Degree: $166

Pivot Degree: $171

First Main Resistance Degree: $175

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 1.76% on Sunday. Reversing a 0.37% decline from Saturday, Ripple’s XRP ended the week up by 11.74% to $1.05524.

Monitoring the broader market, Ripple’s XRP fell to an early morning intraday low $1.02249 earlier than making a transfer.

Steering away from the primary main assist degree at $1.0074, Ripple’s XRP rallied to a late intraday excessive $1.08920.

Ripple’s XRP broke via the 38.2% FIB of $1.0659 and the primary main resistance degree at $1.0707.

A late pullback, nonetheless, noticed Ripple’s XRP fall again via the primary main resistance degree and the 38.2% FIB earlier than ending the day at sub-$1.06 ranges.

On the time of writing, Ripple’s XRP was down by 0.08% to $1.05438. A blended begin to the day noticed Ripple’s XRP rise to an early morning excessive $1.05542 earlier than falling to a low $1.05438.

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