Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 18th, 2021

For the day ahead

Litecoin would need to avoid the $228 pivot to bring the first major resistance level at $237 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $235.49.

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 resistance at $250. The second major resistance level sits at $245.

A fall through the $228 pivot would bring the 38.2% FIB of $223 and the first major support level at $220 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$210 levels. The second major support level at $211 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $220

Pivot Level: $228

First Major Resistance Level: $237

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 0.76% on Wednesday. Partially reversing a 7.10% slide from Tuesday, Ripple’s XRP ended the day at $1.09664.

Tracking the broader market, Ripple’s XRP slid to an early morning intraday low $1.05879 before making a move.

While steering clear of the first major support level at $1.0289, Ripple’s XRP fell through the 38.2% FIB of $1.0659.

Finding mid-morning support, however, Ripple’s XRP rose to an early afternoon intraday high $1.11199.

While breaking back through the 38.2% FIB, Ripple’s XRP fell well short of the first major resistance level at $1.1604.

Late in the day, Ripple’s XRP briefly fell back to sub-$1.08 levels before wrapping up the day at $1.09 levels.

At the time of writing, Ripple’s XRP was up by 0.19% to $1.09874. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.09168 before rising to a high $1.10026.

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

News Source

جواب چھوڑ دیں

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