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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 30th, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 30th, 2021

Ethereum rose by 3.01% on Friday. Following a 9.25% breakout on Thursday, Ethereum ended the day at $4,421.23.

A mixed start saw Ethereum fall to an early morning intraday low $4,266.91 before making a move.

Steering clear of the first major support level at $4,026, Ethereum rallied to a late afternoon intraday high and a new ATH $4,461.96.

Ethereum broke through the first major resistance level at $4,425 before easing back to end the day at $4,421 levels.

At the time of writing, Ethereum was down by 0.25% to $4,410.38. A mixed start to the day saw Ethereum rise to an early morning high $4,435.00 before falling to a low $4,408.58.

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

For the day ahead

Ethereum would need to avoid the $4,383 pivot to bring the first major resistance level at $4,500 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Friday’s ATH $4,461.96.

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

In the event of a broad-based crypto rally, Ethereum could test resistance at $4,650 levels before any pullback. The second major resistance level sits at $4,578.

A fall through the $4,383 pivot would bring the first major support level at $4,305 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,100 levels. The second major support level at $4,188 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4,305

Pivot Level: $4,383

First Major Resistance Level: $4,500

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin rose by 3.55% on Friday. Following a 5.92% rally on Thursday. Partially, Litecoin ended the day at $196.69.

A bearish start to the day saw Litecoin fall to an early morning intraday low $188.32 before making a move.

Steering clear of the first major support level at $180, Litecoin rallied to a late intraday high $198.73.

This Daily Tech Analysis was originally published on Yahoo Finance by Bob Mason

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