Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 10th, 2021


Ethereum

Ethereum fell by 1.67% on Tuesday. Partially reversing a 4.22% gain from Monday, Ethereum ended the day at $4,731.59.

A mixed start to the day saw Ethereum rise to a mid-morning new ATH $4,842.54 before hitting reverse.

Falling short of the first major resistance level at $4,886, Etheruem fell to a late intraday low $4,714.10.

Steering clear of the first major support level at $4,677, Ethereum found support to end the day at $4,700 levels.

At the time of writing, Ethereum was up by 0.16% to $4,739.24. A bullish start to the day saw Ethereum rise from an early morning low $4,731.58 to a high $4,745.77.

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

For the day ahead

Ethereum would need to move through the $4,763 pivot to bring the first major resistance level at $4,811 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $4,800 levels.

Barring an extended crypto rally, the first major resistance level and Tuesday’s ATH would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $5,000 levels before any pullback. The second major resistance level sits at $4,891.

Failure to move through the $4,763 pivot would bring the first major support level at $4,683 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,600 levels. The second major support level at $4,634 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4,683

Pivot Level: $4,763

First Major Resistance Level: $4,811

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin surged by 14.42% on Tuesday. Following  a 13.29% jump on Monday, Litecoin ended the day at $262.16.

A mixed start to the day saw Litecoin fall to an early morning intraday low $226.75 before making a move.

Steering clear of the first major support level at $211, Litecoin rallied to a late intraday high $274.72.

Litecoin broke through the first major resistance level at $239 and the second major resistance level at $248.

Coming up against the third major resistance level at $275, Litecoin eased back to end the day at sub-$270 levels.

At the time of writing, Litecoin was up by 1.26% to $265.46. A mixed start to the day saw Litecoin fall to an early morning low $261.94 before rising to a high $266.08.

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

For the day ahead

Litecoin would need to avoid the $256 pivot to bring the first major resistance level at $282 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $274.72.

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 $300 before easing back. The second major resistance level sits at $303.

A fall through the $255 pivot would bring the first major support level at $234 into play.

Barring another extended sell-off, Litecoin should steer clear of the 38.2% FIB of $223. The second major support level sits at $207.

Looking at the Technical Indicators

First Major Support Level: $234

Pivot Level: $255

First Major Resistance Level: $282

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 2.25% on Tuesday. Partially reversing a 5.06% rally from Monday, Ripple’s XRP ended the day at $1.25646.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.28800 before hitting reverse.

Falling short of the first major resistance level at 1.3120, Ripple’s XRP fell to a late morning intraday low $1.22573.

Ripple’s XRP fell through the first major support level at $1.2367 before briefly revisiting $1.27 levels.

At the time of writing, Ripple’s XRP was up by 0.21% to $1.25904. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.25632 before rising to a high $1.25980.

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 $1.2567 pivot to bring the first major resistance level at $1.2877 into play.

Support would be needed, however, for Ripple’s XRP to break back through to $1.28 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $1.3000 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.35 levels before any pullback. The second major resistance level sits at $1.3190.

A fall through the $1.2567 pivot would bring the first major support level at $1.2255 into play.

Barring an extended sell-off, however, Ripple’s XRP should avoid sub-$1.20 levels. The second major support level sits at $1.1945.

Looking at the Technical Indicators

First Major Support Level: $1.2255

Pivot Level: $1.2567

First Major resistance Level: $1.2877

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096



News Source

جواب چھوڑ دیں

براہ مہربانی اپنی رائے درج کریں!
اپنا نام یہاں درج کریں