Home Litecoin Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 23rd, 2021 – Yahoo Finance

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 23rd, 2021 – Yahoo Finance

9 min read
Comments Off on Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 23rd, 2021 – Yahoo Finance
19

Ethereum

Ethereum fell by 2.03% on Friday. Following a 2.59% decline on Thursday, Ethereum ended the day at $3,971.55.

A bullish begin to the day noticed Ethereum rise to an early morning intraday excessive $4,169.72 earlier than hitting reverse.

Falling in need of the primary main resistance degree at $4,282, Ethereum fell to a late afternoon intraday low $3,885.25.

Ethereum fell by way of the primary main help degree at $3,920 earlier than a partial restoration to finish the day at $3,970 ranges.

On the time of writing, Ethereum was down by 0.28% to $3,960.49. A blended begin to the day noticed Ethereum rise to an early morning excessive $3,978.52 earlier than falling to a low $3,953.71.

Ethereum left the foremost help and resistance ranges untested early on.

For the day forward

Ethereum would wish to maneuver by way of the $4,009 pivot to deliver the primary main resistance degree at $4,132 play.

Assist from the broader market can be wanted, nonetheless, for Ethereum to interrupt by way of to $4,100 ranges.

Barring an prolonged crypto rally, the primary main resistance degree and Friday’s excessive $4,169.72 would possible cap the upside.

Within the occasion of a broad-based crypto rally, Ethereum might take a look at resistance at Might’s all-time excessive $4,383.4. The second main resistance degree sits at $4,293.

Failure to maneuver by way of the $4,009 pivot would deliver the primary main help degree at $3,848 into play.

Barring an prolonged sell-off, nonetheless, Ethereum ought to keep away from sub-$3,800 ranges. The second main help degree sits at $3,724.

Trying on the Technical Indicators

First Main Assist Degree: $3,848

Pivot Degree: $4,009

First Main Resistance Degree: $4,132

23.6% FIB Retracement Degree: $3,369

38.2% FIB Retracement Degree: $2,740

62% FIB Retracement Degree: $1,725

Litecoin

Litecoin fell by 2.97% on Friday. Following a 5.07% slide on Thursday, Litecoin ended the day at $190.98.

A bullish begin to the day noticed Litecoin rise to an early morning intraday excessive $201.47 earlier than hitting reverse.

Falling in need of the primary main resistance degree at $209, Litecoin slid to a late intraday low $187.97.

Litecoin fell by way of the primary main help degree at $190 earlier than discovering help to finish the day at $190 ranges.

On the time of writing, Litecoin was down by 0.35% to $190.31. A blended begin to the day noticed Litecoin rise to an early morning excessive $191.28 earlier than falling to a low $189.98.

Litecoin left the foremost help and resistance ranges untested early on.

For the day forward

Litecoin would wish to maneuver by way of the $194 pivot to deliver the primary main resistance degree at $199 into play.

Assist from the broader market can be wanted, nonetheless, for Litecoin to interrupt out from $195 ranges.

Barring an prolonged crypto rally, the primary main resistance degree and Friday’s excessive $201.47 would possible cap the upside.

Within the occasion of one other breakout, Litecoin might take a look at resistance at $210 earlier than any pullback. The second main resistance degree sits at $207.

Failure to maneuver by way of the $194 pivot would deliver the primary main help degree at $186 into play.

Barring an prolonged sell-off, Litecoin ought to keep away from sub-$175. The second main help degree at $180 and the 23.6% FIB of $178 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Assist Degree: $186

Pivot Degree: $194

First Main Resistance Degree: $199

23.6% FIB Retracement Degree: $178

38.2% FIB Retracement Degree: $223

62% FIB Retracement Degree: $296

Ripple’s XRP

Ripple’s XRP slipped by 0.03% on Friday. Following a 5.04% slide on Thursday, Ripple’s XRP ended the day at $1.08883.

After a uneven begin to the day, Ripple’s XRP fell to an early afternoon intraday low $1.07617 earlier than making a transfer.

Steering clear by way of the 38.2% FIB of $1.0659 and the primary main help degree at $1.0609, Ripple’s XRP rallied to a mid-afternoon intraday excessive $1.12781.

Falling in need of the primary main resistance degree at $1.1400, Ripple’s XRP fell again to $1.07 ranges earlier than discovering late help.

Late within the day, Ripple’s XRP briefly moved again by way of to $1.09 ranges earlier than falling again into the purple.

On the time of writing, Ripple’s XRP was down by 0.41% to $1.08435. A blended begin to the day noticed Ripple’s XRP rise to an early morning excessive $1.08871 earlier than falling to a low $1.08396.

Ripple’s XRP left the foremost help and resistance ranges untested early on.

For the day forward

Ripple’s XRP would wish to maneuver by way of the $1.0976 pivot to deliver the primary main resistance degree at $1.1190 into play.

Assist can be wanted, nonetheless, for Ripple’s XRP to interrupt out from $1.10 ranges.

Barring an prolonged crypto rally, the primary main resistance degree and Friday’s excessive $1.12781 would possible cap the upside.

Within the occasion of a broad-based crypto rally, Ripple’s XRP might take a look at resistance at $1.15 ranges earlier than any pullback. The second main resistance degree sits at $1.1492.

Failure to maneuver by way of the $1.0976 pivot would deliver the primary main help degree at $1.0674 and the 38.2% FIB of $1.0659 into play.

Barring one other prolonged sell-off, nonetheless, Ripple’s XRP ought to keep away from sub-$1.05 ranges. The second main help degree sits at $1.0460.

Trying on the Technical Indicators

First Main Assist Degree: $1.0674

Pivot Degree: $1.0976

First Main resistance Degree: $1.1190

23.6% FIB Retracement Degree: $0.8533

38.2% FIB Retracement Degree: $1.0659

62% FIB Retracement Degree: $1.4096

Please tell us what you suppose within the feedback beneath.

Thanks, Bob

This article was initially posted on FX Empire

Extra From FXEMPIRE:

Adblock test (Why?)


Source link

Comments are closed.

Check Also

Bitcoin, ether, dogecoin, other crypto prices continue to fall after weekend sell-off

Cryptocurrency costs right now plunged with Bitcoin buying and selling beneath the $49,000…