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

Ethereum, Litecoin, and Ripple's XRP – Daily Tech Analysis – October 23rd, 2020 – FX Empire


For the day forward

Litecoin would want to maneuver by the $54.62 pivot to help a run on the first main resistance stage at $56.14.

Assist from the broader market could be wanted, nonetheless, for Litecoin to interrupt again by to $56 ranges.

Barring one other prolonged crypto rally, the primary main resistance stage and Thursday’s excessive $56.32 would doubtless cap any upside.

Within the occasion of one other breakout, Litecoin would doubtless check the second main resistance stage at $57.85.

Failure to maneuver by the $54.62 pivot stage would convey the 23.6% FIB and the primary main help stage at $52.91 into play.

Barring an prolonged sell-off on the day, nonetheless, Litecoin ought to steer nicely away from the second main help stage at $51.39.

Trying on the Technical Indicators

First Main Assist Stage: $52.91

Pivot Stage: $54.62

First Main Resistance Stage: $56.14

23.6% FIB Retracement Stage: $45.30

38.2% FIB Retracement Stage: $71

62% FIB Retracement Stage: $100

Ripple’s XRP

Ripple’s XRP rose by 2.39% on Thursday. Following on from a 3.26% rally on Wednesday, Ripple’s XRP ended the day at $0.25746.

Bullish by many of the day, Ripple’s XRP rallied to a late intraday excessive $0.26391 earlier than hitting reverse.

Ripple’s XRP broke by the primary main resistance stage at $0.2566 and the second main resistance stage at $0.2617.

A closing hour pullback, nonetheless, noticed Ripple’s XRP fall to an intraday low $0.25111 earlier than discovering help.

Ripple’s XRP broke again by the primary main resistance stage at $0.2566 to wrap up the day at $0.257 ranges.

On the time of writing, Ripple’s XRP was down by 0.64% to $0.25580. A bearish begin to the day noticed Ripple’s XRP fall from an early morning excessive $0.25737 to a low $0.25580.

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

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