Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 11th, 2021

Ethereum

Ethereum fell by 4.48% on Sunday. Reversing a 0.33% gain from Saturday, Ethereum ended the week down by 0.15% to $3,415.0.

A mixed start to the day saw Ethereum rise to a mid-morning intraday high $3,605.49 before hitting reverse.

Falling short of the first major resistance level at $3,627, Ethereum slid to a late intraday low $3,406.44.

Ethereum fell through the first major support level at $3,532 and the second major support level at $3,487 to end the day at $3,410 levels.

At the time of writing, Ethereum was down by 0.35% to $3,403.17. A mixed start to the day saw Ethereum fall to an early morning low $3,373.45 before rising to a high $3,434.42.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to move through the $3,476 pivot to bring the first major resistance level at $3,545 play.

Support from the broader market would be needed, however, for Ethereum to break back through to $3,500 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $3,605.49 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $3,800 before any pullback. The second major resistance level sits at $3,675.

Failure to move through the $3,476 pivot would bring the 23.6% FIB of $3,369 and the first major support level at $3,346 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,300 levels. The second major support level sits at $3,277.

Looking at the Technical Indicators

First Major Support Level: $3,346

Pivot Level: $3,476

First Major Resistance Level: $3,545

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 2.82% on Sunday. Partially reversing a 2.29% gain from Saturday, Litecoin ended the week up by 2.49% to $174.92.

A mixed start to the day saw Litecoin rise to an early morning intraday high $183.99 before hitting reverse.

Coming up against the first major resistance level at $184, Litecoin slid to a late intraday low $174.13.

Litecoin fell through the 23.6% FIB of $178 and through the first major support level at $175 before ending the day at $174 levels.

At the time of writing, Litecoin was down by 0.50% to $174.05. A mixed start to the day saw Litecoin fall to an early morning low $172.41 before rising to a high $176.14.

Litecoin left the major support and resistance levels untested early on.

For the day ahead

Litecoin would need to move through the 23.6% FIB of $178 and $178 pivot to bring the first major resistance level at $181 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $180 levels

Barring an extended crypto rally, the first major resistance level and Sunday’s high $183.99 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $190 before any pullback. The second major resistance level sits at $188.

Failure to move through the 23.6% FIB of $178 and the $178 pivot would bring the first major support level at $171 back into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$165. The second major support level at $168 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $171

Pivot Level: $178

First Major Resistance Level: $181

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP fell by 2.09% on Sunday. Following a 9.03% rally from Saturday, Ripple’s XRP ended the week up by 7.67% to $1.13621.

A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.13387 before making a move.

Steering clear of the first major support level at $1.0758, Ripple’s XRP rallied to a late morning intraday high $1.22855.

Coming up against the first major resistance level at $1.2269, however, Ripple’s XRP slid to a late intraday low $1.12733.

Continuing to steer clear of the major support levels, Ripple’s XRP ended the day at $1.136 levels.

At the time of writing, Ripple’s XRP was down by 0.14% to $1.13463. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.12787 before rising to a high $1.14928.

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

For the day ahead

Ripple’s XRP would need to move through the $1.1640 pivot to bring the first major resistance level at $1.2007 into play.

Support would be needed, however, for Ripple’s XRP to break back through to $1.20 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $1.22855 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test the second major resistance level at $1.2653.

Failure to move through the $1.1640 pivot would bring the first major support level at $1.0995 into play.

Barring an extended sell-off, however, Ripple’s XRP should avoid sub-$1.05 levels. The 38.2% FIB of $1.0659 and the second major support level at $1.0628 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.0995

Pivot Level: $1.1640

First Major resistance Level: $1.2007

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

Please let us know what you think in the comments below.

Thanks, Bob