Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 12th, 2021


For the day ahead

Litecoin would need to move back through the $262 pivot to bring the first major resistance level at $274 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $270 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $274.27 would likely cap the upside.

In the event of another breakout, Litecoin could retest resistance at $300 before easing back. The second major resistance level sits at $286.

Failure to move back through the $262 pivot would bring the first major support level at $251 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$245 levels. The second major support level sits at $239.

Looking at the Technical Indicators

First Major Support Level: $251

Pivot Level: $262

First Major Resistance Level: $274

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 2.26% on Thursday. Partially reversing a 5.07% slide from Wednesday, Ripple’s XRP ended the day at $1.21563.

A mixed start saw Ripple’s XRP fall to an early morning intraday low $1.17794 before making a move.

Steering clear of the first major support level at $1.0932, Ripple’s XRP rose to a late morning intraday high $1.25344.

Falling well short of the first major resistance level at $1.3203, Ripple’s XRP fell back to sub-$1.20 levels before finding support.

At the time of writing, Ripple’s XRP was down by 0.34% to $1.21155. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.21560 before falling to a low $1.21155.

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



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