Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 15th, 2021

Ethereum

Ethereum fell by 0.37% on Sunday. Following a 0.50% decline on Saturday, Ethereum ended the week up by 0.22% to $4,627.03.

A bullish start to the day saw Ethereum rise to an early morning intraday high $4,695.07 before hitting reverse.

Coming within range of the first major resistance level at $4,706, Ethereum slid to a late afternoon intraday low $4,516.05.

Ethereum fell through the first major support level at $4,585 and the second major support level at $4,525.

Finding late support, however, Ethereum broke back through the major support levels to end the day at $4,600 levels.

At the time of writing, Ethereum was up by 0.72% to $4,660.56. A bullish start to the day saw Ethereum rise from an early morning low $4,626,61 to a high $4,665.00.

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

For the day ahead

Ethereum would need to avoid a fall through the $4,613 pivot to bring the first major resistance level at $4,709 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $4,695.07.

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 the ATH $4,867.81 before any pullback. The second major resistance level sits at $4,792.

A fall through the $4,613 pivot would bring the first major support level at $4,530 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,400 levels. The second major support level at $4,434 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4,530

Pivot Level: $4,613

First Major Resistance Level: $4,709

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin rallied by 8.38% on Sunday. Following a 2.59% gain from Saturday, Litecoin ended the week up by 38.14% to $279.36.

Story continues

A mixed start to the day saw Litecoin fall to a late morning intraday low $248.40 before making a move.

Steering clear of the first major support level at $247, Litecoin rallied to a late intraday high $279.7.

Litecoin broke through the first major resistance level at $266 and the second major resistance level at $275.

At the time of writing, Litecoin was down by 0.75% to $277.26. A mixed start to the day saw Litecoin rise to an early morning high $280.00 before falling to a low $277.10.

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

For the day ahead

Litecoin would need to avoid the $269 pivot to bring the first major resistance level at $290 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $285 levels.

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

In the event of another breakout, Litecoin could test the second major resistance level at $301.

A fall through the $269 pivot would bring the first major support level at $259 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$250 levels. The second major support level sits at $238.

Looking at the Technical Indicators

First Major Support Level: $259

Pivot Level: $269

First Major Resistance Level: $290

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 0.30% on Sunday. Reversing a 0.19% gain from Saturday, Ripple’s XRP ended the week down by 2.60% to $1.18769.

A bullish start saw Ripple’s XRP rise to an early morning intraday high $1.19915 before hitting reverse.

Falling short of the first major resistance level at $1.2073, Ripple’s XRP slid to a late afternoon intraday low $1.16963.

Ripple’s XRP fell through the first major support level at $1.1707 before a partial recovery to $1.187 levels.

At the time of writing, Ripple’s XRP was up by 0.75% to $1.19658. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.18845 to a high $1.19716.

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

For the day ahead

Ripple’s XRP would need to avoid a fall through the $1.1855 pivot to bring the first major resistance level at $1.2014 into play.

Support would be needed, however, for Ripple’s XRP to break out from Sunday’s high $1.19915.

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

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.25 levels before any pullback. The second major resistance level sits at $1.2150, with the third at $1.2445.

A fall through the $1.1855 pivot would bring the first major support level at $1.1718 into play.

Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.15 levels. The second major support level at $1.1560 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.1718

Pivot Level: $1.1855

First Major resistance Level: $1.2014

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

This article was originally posted on FX Empire

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