Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 17th, 2021

For the day ahead

Litecoin would need to move through the $239 pivot to bring the first major resistance level at $255 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $250 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 the second major resistance level at $279.

Failure to move through the $239 pivot would bring the 38.2% FIB of $223 and the first major support level at $215 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$200 levels. The second major support level sits at $199.

Looking at the Technical Indicators

First Major Support Level: $215

Pivot Level: $239

First Major Resistance Level: $255

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP slid by 7.10% on Tuesday. Following on from a 1.51% decline on Monday, Ripple’s XRP ended the day at $1.08885.

Tracking the broader market, Ripple’s XRP slid from an early morning intraday high $1.17207 to a late morning intraday low $1.04058.

The extended sell-off saw Ripple’s XRP fall through the day’s major support levels and the 38.2% FIB of $1.0659.

Finding late morning support, however, Ripple’s XRP broke back through the 38.2% FIB and the third major support level at $1.0786.

A 2nd sell-off, however, saw Ripple’s XRP briefly fall back through the third major support level before ending the day at $1.08 levels.

The 38.2% FIB of $1.0659 delivered support late in the day.

At the time of writing, Ripple’s XRP was down by 0.02% to $1.08860. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.09193 before falling to a low $1.08088.

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

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