Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 9th, 2021


For the day ahead

Litecoin would need to avoid a fall through the $220 pivot to bring the first major resistance level at $239 into play.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $229.75.

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 $250 before easing back. The second major resistance level sits at $248.

A fall through the $220 pivot would bring the first major support level at $211 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$200. The second major support level sits at $193.

Looking at the Technical Indicators

First Major Support Level: $211

Pivot Level: $220

First Major Resistance Level: $239

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 5.06% on Monday. Following a 5.84% rally on Sunday, Ripple’s XRP ended the day at $1.28249.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.22044 before making a move.

Steering clear of the first major support level at $1.1653, Ripple’s XRP rallied to a mid-morning intraday high $1.29566.

Ripple’s XRP broke through the first major resistance level at $1.2550.

Coming up against the second major resistance level at $1.2906, Ripple’s XRP briefly fell back to sub-$1.25 levels.

A bullish end to the day, however, saw Ripple’s XRP break back through the first major resistance level to end the day at $1.28 levels.

At the time of writing, Ripple’s XRP was down by 0.65% to $1.27409. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.28800 before falling to a low $1.27409.

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



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