Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 5th, 2021


For the day ahead

Litecoin would need to avoid a fall through the $202 pivot to bring the first major resistance level at $208 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $205 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $207.33 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $220 before easing back. The second major resistance level sits at $213.

A fall through the $202 pivot would bring the first major support level at $197 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$190. The second major support level at $191 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $197

Pivot Level: $202

First Major Resistance Level: $208

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 0.79% on Thursday. Partially reversing a 6.61% rally from Wednesday, Ripple’s XRP ended the day at $1.2020.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.25739 before hitting reverse.

Coming up against the first major resistance level at $1.2547, Ripple’s XRP slid to a mid-afternoon intraday low $1.16432.

Steering clear of the first major support level at $1.1481, however, Ripple’s XRP ended the day at $1.20 levels.

At the time of writing, Ripple’s XRP was down by 0.58% to $1.19504. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.20199 to a low $1.19504.

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



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