Litecoin Ethereum, Litecoin, and Ripple's XRP – Daily Tech Analysis...

Ethereum, Litecoin, and Ripple's XRP – Daily Tech Analysis – October 16th, 2020 – FX Empire

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For the day forward

Litecoin would wish to maneuver by way of the $49.57 pivot to assist a run on the first main resistance stage at $50.27.

Help from the broader market could be wanted, nonetheless, for Litecoin to interrupt again by way of to $50 ranges.

Barring an prolonged crypto rally, the primary main resistance stage and Thursday’s excessive $50.26 would possible cap any upside.

Within the occasion of one other breakout, Litecoin would possible take a look at the second main resistance stage at $50.95. Resistance at $51 would possible cap any upside, nonetheless.

Failure to maneuver by way of the $49.57 pivot stage would deliver the primary main assist stage at $48.89 into play.

Barring an prolonged sell-off on the day, nonetheless, Litecoin ought to avoid the second main assist stage at $48.19.

Trying on the Technical Indicators

First Main Help Stage: $48.89

Pivot Stage: $49.57

First Main Resistance Stage: $50.27

23.6% FIB Retracement Stage: $45.30

38.2% FIB Retracement Stage: $71

62% FIB Retracement Stage: $100

Ripple’s XRP

Ripple’s XRP fell by 1.23% on Thursday. Following on from a 2.83% slide on Wednesday, Ripple’s XRP ended the day at $0.24604.

It was a uneven begin to the day. Ripple’s XRP recovered from an early dip to strike a mid-morning intraday excessive $0.25032 earlier than hitting reverse.

Falling effectively in need of the primary main resistance stage at $0.2566, Ripple’s XRP slid to an early afternoon intraday low $0.24294.

Ripple’s XRP fell by way of the primary main assist stage at $0.2442 earlier than revisiting $0.2480 ranges.

A bearish finish to the day, nonetheless, left Ripple’s XRP down at $0.2460 ranges and within the crimson.

On the time of writing, Ripple’s XRP was down by 0.28% to $0.24536. A bearish begin to the day noticed Ripple’s XRP fall from an early morning excessive $0.24586 to a low $0.24512.

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

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