Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 23rd, 2021


For the day ahead

Litecoin would need to move through the $212 pivot to bring the first major resistance level at $219 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $215 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 the 38.2% FIB of $223. The second major resistance level sits at $229.

Failure to move through the $212 pivot would bring the first major support level at $202 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$195 levels. The second major support level at $196 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $202

Pivot Level: $212

First Major Resistance Level: $219

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 2.12% on Monday. Following a 3.41% decline on Sunday, Ripple’s XRP ended the day at $1.0381.

A bearish start to the day saw Ripple’s XRP slid to a mid-morning intraday low $1.02829 before making a move.

Ripple’s XRP fell through the first major support level at $1.0460 and the second major support level at $1.0310.

Finding late morning support, however, Ripple’s XRP rallied to an early afternoon intraday high $1.07020.

While falling well short of the major resistance levels, Ripple’s XRP briefly broke through the 38.2% FIB of $1.0659.

A 2nd reversal, however, saw Ripple’s XRP slide back through the first major support level and the 38.2% FIB to sub-$1.03 levels.

Ripple’s XRP also briefly fell back through the second major support level at $1.0310 before ending the day at $1.038 levels.

At the time of writing, Ripple’s XRP was down by 0.04% to $1.03770. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.03200 before rising to a high $1.03770.

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