Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 8th, 2021


For the day ahead

Litecoin would need to avoid a fall through the $201 pivot to bring the first major resistance level at $204 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $202.28.

Barring an extended crypto rally, the first major resistance level 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.

A fall through the $201 pivot would bring the first major support level at $199 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$190. The second major support level at $195 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $199

Pivot Level: $201

First Major Resistance Level: $204

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rallied by 5.84% on Sunday. Reversing a 0.56% fall from Saturday, Ripple’s XRP ended the week up by 9.53% to $1.21942.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.14677 before making a move.

Steering clear of the first major support level at $1.1157, Ripple’s XRP rallied to a late intraday high $1.23648.

Ripple’s XRP broke through the first major resistance level at $1.1831 and the second major resistance level at $1.2140.

Falling short of $1.25 levels, however, Ripple’s XRP briefly fell back through the second major resistance level before ending the day at $1.219 levels.

At the time of writing, Ripple’s XRP was up by 0.29% to $1.22292. A mixed start to the day saw Ripple’s XRP slip to an early morning low $1.22044 before rising to a high $1.23017.

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



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