World News – GB – Ethereum, Litecoin and Ripple’s XRP – Daily Tech Analysis – October 22, 2020

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Ethereum rallied by 616% Wednesday Reversing a 282% slip from Tuesday, Ethereum ended the day at $ 391 53

It was a mixed start to the day Ethereum fell to an intraday low of $ 368 06 before moving

Avoid 382% FIB first major support level at $ 361.60, Ethereum hit a late intraday high of $ 402 $ 62

Ethereum broke through the first major resistance level at $ 378.46 and the second major resistance level at $ 388.11

Below the third major resistance level at $ 404 97, Ethereum retreated to end the day at levels of $ 391

At the time of writing, Ethereum was up 056% to $ 393 72 A bullish start to the day saw Ethereum drop from an early morning low of $ 39133 to $ 39412

Ethereum should avoid a fall of the $ 38740 pivot to support a run to the first major resistance level at $ 406.75

Support from the broader market would be needed, however, for Ethereum to break out of Wednesday’s $ 402 high62

In case of a breakout, Ethereum could test resistance at $ 420 before any pullback The second major resistance level is at $ 421 96

Impossible to avoid a fall through the $ 38740 pivot would bring the first major support level to $ 37219 in play

Litecoin rose 1314% on Wednesday Reversing a 221% drop from Tuesday, Litecoin ended the day at $ 53.13

Bullish throughout the day, Litecoin rallied from an intraday low of $ 46.90 to a late intraday high of $ 55.19

Litecoin broke through major resistance levels for the day and 236% FIB of $ 54 before releasing

Falling back through the 236% FIB, Litecoin held above the third major resistance level at $ 5131

At the time of writing, Litecoin was up 132% to $ 53.83 A bullish start to the day saw Litecoin drop from an early morning low of $ 5309 to $ 5397

Litecoin should avoid a fall of the $ 51 74 pivot to support a run at 236% FIB and the first major resistance level at $ 56 58

Support from the wider market would however be needed for Litecoin to come out of 236% FIB

In the event of another breakout, Litecoin would likely test resistance at $ 60 before any withdrawal The second major resistance level is at $ 60 03

Don’t avoid a $ 51 drop Pivot level 74 would bring the first major support level to $ 4829 in play

Unless an extended sell into the day, however, Litecoin should stay well off the second major support level at $ 43.45

Ripple’s XRP rose 326% on Wednesday Reversing an 085% decline from Tuesday, Ripple’s XRP ended the day at $ 0 25146

A mixed start to the day saw Ripple’s XRP drop to an early morning intraday low of $ 024311 before moving

Avoiding the first major support level at $ 0 midnight, Ripple’s XRP hit an intraday high of $ 0 in late afternoon2550

Ripple’s XRP broke through the first major resistance level at $ 0 2488 and the second major resistance level at $ 0 2539

A late pullback, however, saw Ripple’s XRP fall back through the second major resistance level below $ 02520 levels

At the time of writing, Ripple’s XRP was up 074% to $ 0 25,332 A bullish start to the day saw Ripple’s XRP drop from an early morning low of $ 025146 to $ 025452

Ripple’s XRP will need to avoid a drop in the $ 0Pivot 2499 to support a run to the first major resistance level at $ 0 2566

Support from the broader market, however, would be needed for Ripple’s XRP to break out of Wednesday’s $ 0 high2550

Unless another extended crypto rally, the first major resistance level and Wednesday’s high would likely cap any advantage

In the event of a prolonged rally, the second major resistance level at $ 0 2617 would likely come into play

Cannot avoid falling through $ 02499 pivot would bring first major support level to $ 0 2447 in play

Unless an extended crypto sell-off, Ripple’s XRP should avoid sub- $ 024 levels The second major support level is at $ 0 2380

Ripple, Bitcoin, Cryptocurrency, Ethereum, US Dollar, Litecoin

World news – UK – Ethereum, Litecoin and Ripple’s XRP – Daily Tech Analysis – October 22, 2020


SOURCE: https://www.w24news.com

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