Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 13th, 2021

For the day ahead

Litecoin would need to move through the $259 pivot to bring the first major resistance level at $275 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 Friday’s high $282.92 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 $298.

Failure to move through the $259 pivot would bring the first major support level at $236 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 $220.

Looking at the Technical Indicators

First Major Support Level: $236

Pivot Level: $259

First Major Resistance Level: $275

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 2.01% on Friday. Reversing a 2.26% gain from Thursday, Ripple’s XRP ended the day at $1.19052.

A mixed start saw Ripple’s XRP rise to an early morning intraday high $1.23241 before hitting reverse.

Falling short of the first major resistance level at $1.2534, Ripple’s XRP slid to a late afternoon intraday low $1.15534.

Ripple’s XRP fell through the first major support level at $1.1779 before briefly revisiting $1.20 levels.

At the time of writing, Ripple’s XRP was up by 0.18% to $1.19267. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.18887 to a high $1.19407.

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

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