Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 1st, 2021


For the day ahead

Litecoin would need to avoid the $191 pivot to bring the first major resistance level at $196 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $195 levels.

Barring an extended crypto rally, the first major resistance level would likely cap the upside.

In the event of another breakout, Litecoin could test the second major resistance level at $200.

A fall through the $191 pivot would bring the first major support level at $188 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$180. The second major support level at $183 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $188

Pivot Level: $191

First Major Resistance Level: $196

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 2.75% on Sunday. Following a 0.19% gain on Saturday, Ripple’s XRP ended the week up by 2.84% to $1.11335.

A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $1.15350 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.1123 and the second major resistance level at $0.1400.

The reversal saw Ripple’s XRP slide to a mid-day intraday low $1.06999.

Steering clear of the 38.2% FIB of $1.0659 and the first major support level at $1.0600, Ripple’s XRP revisited $1.12 levels.

Ripple’s XRP broke back through the first major resistance level to end the day at $1.11 levels.

At the time of writing, Ripple’s XRP was up by 0.08% to $1.11427. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.11474 before falling to a low $1.10909.

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



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