Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 6th, 2021


For the day ahead

Litecoin would need to move through the $200 pivot to bring the first major resistance level at $203 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $200 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $203.48 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $210 before easing back. The second major resistance level sits at $206.

Failure to move through the $200 pivot would bring the first major support level at $196 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$190. The second major support level at $193 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $196

Pivot Level: $200

First Major Resistance Level: $203

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 3.50% on Friday. Following a 0.79% fall on Thursday, Ripple’s XRP ended the day at $1.15991.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.20199 before hitting reverse.

Falling short of the first major resistance level at $1.2515, Ripple’s XRP slid to a mid-afternoon intraday low $1.13176.

Ripple’s XRP fell through the first major support level at $1.1584 before revisiting $1.16 levels.

Late in the day, the first major support level delivered support to prevent heavier losses.

At the time of writing, Ripple’s XRP was down by 0.11% to $1.15864. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.15501 before rising to a high $1.16007.

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



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