Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 29th, 2021

Ethereum

Ethereum rallied by 4.88% on Sunday. Following a 1.35% gain on Saturday, Ethereum ended the week up by 0.83% to $4,298.

After mixed morning, Ethereum slid through the first major support level at $4,024 to a late afternoon intraday high $3,950.

Finding support at the second major support level at $3,950, Ethereum rallied to a late intraday high $4,303.35.

Ethereum broke through the first major resistance level at $4,180 and the second major resistance level at $4,261 to end the day at $4,290 levels.

At the time of writing, Ethereum was up by 1.21% to $4,350.27. A mixed start to the day saw Ethereum fall to an early morning low $4,286.05 before rising to a high $4,358.25.

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

For the day ahead

Ethereum would need to avoid the $4,184 pivot to bring the first major resistance level at $4,418 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $4,400 levels.

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 $4,600 levels before any pullback. The second major resistance level sits at $4,537.

A fall through the $4,184 pivot would bring the first major support level at $4,065 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $3,831.

Looking at the Technical Indicators

First Major Support Level: $4,065

Pivot Level: $4,184

First Major Resistance Level: $4,418

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin rose by 2.25% on Sunday. Reversing a 0.20% decline from Saturday, Litecoin ended the week down by 9.86% to $199.6.

Tracking the broader market, Litecoin fell to a late afternoon intraday low $182.0 before making a move.

The extended sell-off saw Litecoin fall through the first major support level at $190 and the second major support level at $186.

Story continues

Finding late support, however, Litecoin rallied to a late intraday high $200.1.

Coming within range of the first major resistance level at $201, Litecoin eased back to end the day at sub-200 levels.

At the time of writing, Litecoin was up by 0.65% to $200.94. A mixed start to the day saw Litecoin fall to an early morning low $198.61 before rising to a high $201.76.

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

For the day ahead

Litecoin would need to avoid the $194 pivot to bring the first major resistance level at $206 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $205 levels.

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

In the event of an extended rally, Litecoin could test resistance at the 38.2% FIB of $223 before any pullback. The second major resistance level sits at $212.

A fall through the $194 pivot would bring the first major support level at $188 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$180 levels and the 23.6% FIB of $178. The second major support level sits at $176.

Looking at the Technical Indicators

First Major Support Level: $188

Pivot Level: $194

First Major Resistance Level: $206

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 2.47% on Sunday. Following a 0.61% gain from Saturday, Ripple’s XRP ended the week down by 8.60% to $0.96972.

A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $0.88519 before making a move.

Ripple’s XRP fell through the day’s major support levels before briefly revisiting $0.94 levels.

A 2^nd sell-off saw Ripple’s XRP fall back through the first major support level at $0.9322 and the second major support level at $0.9188.

Finding support at the third major support level at $0.8887, however, Ripple’s XRP rallied to a late intraday high $0.9672.

Ripple’s XRP broke through the first major resistance level at $0.9623 to end the day at $0.967 levels.

At the time of writing, Ripple’s XRP was up by 0.67% to $0.9762. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.9678 before rising to a high $0.9777.

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

For the day ahead

Ripple’s XRP would need to avoid the $0.9409 pivot to bring the first major resistance level at $0.9986 into play.

Support would be needed, however, for Ripple’s XRP to break back through to $0.98 levels.

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 the 38.2% FIB of $1.0659. The second major resistance level sits at $1.0274.

A fall through the $0.9409 pivot would bring first major support level at $0.9120 into play.

Barring another extended sell-off, however, Ripple’s XRP should avoid the second major support level at $0.8543 and the 23.6% FIB of $0.8533.

Looking at the Technical Indicators

First Major Support Level: $0.9120

Pivot Level: $0.9409

First Major resistance Level: $0.9986

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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