Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 20th, 2021

For the day ahead

Litecoin would need to avoid the $213 pivot to bring the 38.2% FIB of $223 and the first major resistance level at $227 into play.

Support from the broader market would be needed, however, for Litecoin to break out from the 38.2% FIB.

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 $240. The second major resistance level sits at $235.

A fall through the $213 pivot would bring the first major support level at $205 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$195 levels. The second major support level sits at $191.

Looking at the Technical Indicators

First Major Support Level: $205

Pivot Level: $213

First Major Resistance Level: $227

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 4.48% on Friday. Partially reversing a 5.11% loss from Thursday, Ripple’s XRP ended the day at $1.09065

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $1.01907 before making a move.

Steering clear of the first major support level at $0.9847, Ripple’s XRP rallied to an early afternoon intraday high $1.1037.

While falling short of the first major resistance level at $1.1287, Ripple’s XRP broke back through the 38.2% FIB of $1.0659.

A mixed end to the day saw Ripple’s XRP ease back to end the day at sub-$1.10 levels, however.

At the time of writing, Ripple’s XRP was down by 0.33% to $1.08710. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.09900 before falling to a low $1.08710.

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

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