Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 4th, 2021

For the day ahead

Litecoin would need to avoid a fall through the $205 pivot to bring the first major resistance level at $212 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $209.44.

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

In the event of another breakout, Litecoin could test resistance at $220 before easing back. The second major resistance level sits at $217.

A fall through the $205 pivot would bring the first major support level at $200 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$195. The second major support level sits at $193.

Looking at the Technical Indicators

First Major Support Level: $200

Pivot Level: $205

First Major Resistance Level: $212

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rallied by 6.61% on Wednesday. Following a 3.99% gain on Tuesday, Ripple’s XRP ended the day at $1.21118.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.12841 before making a move.

Steering clear of the first major support level at $1.1001, Ripple’s XRP rallied to a mid-morning intraday high $1.23500.

Ripple’s XRP broke through the first major resistance level at $1.1600 and the second major resistance level at $1.1834.

A late morning pullback, however, saw Ripple’s XRP fall back to sub-$1.15 levels before a 2^nd breakout.

Ripple’s XRP fall broke back through the first and the second major resistance levels to end the day at $1.21 levels.

At the time of writing, Ripple’s XRP was up by 1.56% to $1.23007. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.21163 to a high $1.23722.

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