Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 19th, 2021

For the day ahead

Litecoin would need to move through the $212 pivot to bring the 38.2% FIB of $223 and the first major resistance level at $224 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $220 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 resistance at $230. The second major resistance level sits at $245.

Failure to move through the $212 pivot would bring the first major support level at $192 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$190 levels. The second major support level sits at $180.

Looking at the Technical Indicators

First Major Support Level: $192

Pivot Level: $212

First Major Resistance Level: $224

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 5.11% on Thursday. Reversing a 0.76% gain from Wednesday, Ripple’s XRP ended the day at $1.04046.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $1.16128 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $1.1195 and the second major resistance level at $1.1423.

The reversal, however, saw Ripple’s XRP slid to a late afternoon intraday low $1.01725.

Ripple’s XRP fell through the first major support level at $1.0663 and the 38.2% FIB of $1.0659.

The extended sell-off also saw Ripple’s XRP briefly fall through the second major support level at $1.0359 before a partial recovery to $1.04 levels.

At the time of writing, Ripple’s XRP was down by 0.50% to $1.03524. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.04586 before falling to a low $1.03090.

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

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