Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 27th, 2021


For the day ahead

Litecoin would need to move through the $204 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 $210 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 before any pullback. The second major resistance level sits at $239.

Failure to move through the $204 pivot would bring the first major support level at $182 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$180 levels. The second major support level sits at $169.

Looking at the Technical Indicators

First Major Support Level: $182

Pivot Level: $204

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 10.18% on Friday. Reversing a 1.00% gain from Thursday, Ripple’s XRP ended the day at $0.9395.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.04626 before hitting reverse.

Falling short of the first major resistance level at $1.0635, Ripple’s XRP slid to a late morning intraday low $0.91318.

The extended sell-off saw Ripple’s XRP fall through day’s major support levels before finding support.

Through the early afternoon, Ripple’s XRP revisited $0.963 levels before falling back into the deep red. The third major support level at $0.9635 pegged Ripple’s XRP back in the 2nd half of the day.

At the time of writing, Ripple’s XRP was down by 0.18% to $0.9378. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.9413 before falling to a low $0.9366.

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



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