Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 25th, 2021


For the day ahead

Litecoin would need to move back through the $212 pivot to bring the first major resistance level at $217 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 and Wednesday’s high $217 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 $222.

Failure to move back through the $212 pivot would bring the first major support level at $207 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$200 levels. The second major support level at $201 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $207

Pivot Level: $212

First Major Resistance Level: $217

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 3.19% on Wednesday. Reversing a 2.84% gain from Tuesday, Ripple’s XRP ended the day at $1.0340.

A choppy start to the day saw Ripple’s XRP rise to an early morning intraday high $1.0741 before hitting reverse.

Falling short of the first major resistance level at $1.0855, Ripple’s XRP fell through the 38.2% FIB of $1.0659 to an early afternoon intraday low $1.0077.

The extended sell-off also saw Ripple’s XRP fall through the first major support level at $1.0344. Steering clear of the second major support level at $1.0021, however, Ripple’s XRP revisited $1.034 levels before easing back.

At the time of writing, Ripple’s XRP was down by 0.18% to $1.0321. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.0339 before falling to a low $1.0312.

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



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