Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 29th, 2021

For the day ahead

Litecoin would need to avoid the $194 pivot to bring the first major resistance level at $206 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $205 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 $212.

A fall through the $194 pivot would bring the first major support level at $188 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$180 levels and the 23.6% FIB of $178. The second major support level sits at $176.

Looking at the Technical Indicators

First Major Support Level: $188

Pivot Level: $194

First Major Resistance Level: $206

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 2.47% on Sunday. Following a 0.61% gain from Saturday, Ripple’s XRP ended the week down by 8.60% to $0.96972.

A bearish start to the day saw Ripple’s XRP slide to an early morning intraday low $0.88519 before making a move.

Ripple’s XRP fell through the day’s major support levels before briefly revisiting $0.94 levels.

A 2nd sell-off saw Ripple’s XRP fall back through the first major support level at $0.9322 and the second major support level at $0.9188.

Finding support at the third major support level at $0.8887, however, Ripple’s XRP rallied to a late intraday high $0.9672.

Ripple’s XRP broke through the first major resistance level at $0.9623 to end the day at $0.967 levels.

At the time of writing, Ripple’s XRP was up by 0.67% to $0.9762. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.9678 before rising to a high $0.9777.

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

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