Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 2nd, 2021

For the day ahead

Litecoin would need to avoid the $162 pivot to bring the first major resistance level at $173 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $170 levels.

Barring an extended crypto rally, the first major resistance level would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at the 23.6% FIB of $178 and the second major resistance level at $179.

A fall through the $162 pivot would bring the first major support level at $156 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$150. The second major support level sits at $145.

Looking at the Technical Indicators

First Major Support Level: $156

Pivot Level: $162

First Major Resistance Level: $173

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rallied by 9.29% on Friday. Following a 2.97% gain on Thursday, Ripple’s XRP ended the day at $1.04247.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.94486 before making a move.

Steering clear of the first major support level at $0.9298, Ripple’s XRP rallied to a late intraday high $1.0700.

Ripple’s XRP broke through the day’s major resistance levels and the 23.6% FIB of $1.0659 before ending the day at $1.04 levels.

The third major resistance level at $1.0262 delivered support late in the day.

At the time of writing, Ripple’s XRP was down by 0.09% to $1.0415. A mixed start to the day saw Ripple’s XRP rise to an early high $1.04256 before falling to a low $1.04150.

Ripple’s XRP left the major support and resistance levels untested early on.