Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 22nd, 2021


For the day ahead

Litecoin would need to move through the 38.2% FIB $223 and the $224 pivot to bring the first major resistance level at $228 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $228 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 $235.

Failure to move through the 38.2% FIB of $223 and the $224 pivot would bring the first major support level at $217 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$210 levels. The second major support level at $213 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $217

Pivot Level: $224

First Major Resistance Level: $228

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP fell by 3.41% on Sunday. Reversing a 0.48% gain from Saturday, Ripple’s XRP ended the week down by 10.67% to $1.06102.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.09868 before hitting reverse.

Falling short of the first major resistance level at $1.1117, Ripple’s XRP slid to a late intraday low $1.05735.

Ripple’s XRP fell through the first major support level at $1.0724 and the 38.2% FIB of $1.0659.

Finding late support, Ripple’s XRP returned to $1.06 levels to reduce the deficit on the day.

At the time of writing, Ripple’s XRP was down by 0.54% to $1.05527. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.06059 to a low $1.04496.

Ripple’s XRP fell through the first major support level at $1.0460 early on.



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