Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 22nd, 2021

Ethereum

Ethereum fell by 3.47% on Sunday. Reversing a 2.72% gain from Saturday, Ethereum ended the week down by 7.86% to $4,262.99.

Bearish through the morning, Ethereum fell to an early afternoon low $4,301.98 before making a move.

Steering clear of the first major support level at $4,269, Ethereum rose to a late afternoon intraday high $4,427.72.

Falling short of the first major resistance level at $4,502, however, Ethereum slid to a late intraday low $4,246.07.

Ethereum fell through the first major support level at $4,269 to end the day at $4,262 levels.

At the time of writing, Ethereum was down by 0.37% to $4,247.05. A mixed start to the day saw Ethereum rise to an early morning high $4,270.34 before falling to a low $4,243.41.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to move through the $4,311 pivot to bring the first major resistance level at $4,380 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $4,350 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $4,427.72 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $4,500 levels before any pullback. The second major resistance level sits at $4,497.

Failure to move through the $4,311 pivot would bring the first major support level at $4,194 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,000 levels. The second major support level at $4,125 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4,194

Pivot Level: $4,311

First Major Resistance Level: $4,380

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin fell by 2.44% on Sunday. Partially reversing a 4.07% gain from Saturday, Litecoin ended the week down by 20.72% to $221.48.

A mixed start to the day saw Litecoin fall to an early morning intraday low $219.81 before making a move.

While steering clear of the first major support level at $217, Litecoin fell through the 38.2% FIB of $223.

Finding early afternoon support, however, broke back through the 38.2% FIB to strike a late afternoon intraday high $230.87.

Falling short of the first major resistance level at $232, however, Litecoin eased back to end the day at sub-$223 levels.

The reversal saw Litecoin fall back through the 38.2% FIB.

At the time of writing, Litecoin was down by 0.06% to $221.35. A range-bound start saw Litecoin rise to an early morning high $221.96 before falling to a low $220.46.

Litecoin left the major support and resistance levels untested early on.

https://finance.yahoo.com/

For the day ahead

Litecoin would need to move through the 38.2% FIB $223 and the $224 pivot to bring the first major resistance level at $228 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $228 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 the second major resistance level at $235.

Failure to move through the 38.2% FIB of $223 and the $224 pivot would bring the first major support level at $217 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$210 levels. The second major support level at $213 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $217

Pivot Level: $224

First Major Resistance Level: $228

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 3.41% on Sunday. Reversing a 0.48% gain from Saturday, Ripple’s XRP ended the week down by 10.67% to $1.06102.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.09868 before hitting reverse.

Falling short of the first major resistance level at $1.1117, Ripple’s XRP slid to a late intraday low $1.05735.

Ripple’s XRP fell through the first major support level at $1.0724 and the 38.2% FIB of $1.0659.

Finding late support, Ripple’s XRP returned to $1.06 levels to reduce the deficit on the day.

At the time of writing, Ripple’s XRP was down by 0.54% to $1.05527. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.06059 to a low $1.04496.

Ripple’s XRP fell through the first major support level at $1.0460 early on.

https://finance.yahoo.com/

For the day ahead

Ripple’s XRP would need to move through the 38.2% FIB of $1.0659 and the $1.0724 pivot to bring the first major resistance level at $1.0874 into play.

Support would be needed, however, for Ripple’s XRP to break back through to $1.08 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $1.09868 would likely cap the upside.

In the event of a broad-based crypto rebound, Ripple’s XRP could test the second major resistance level at $1.1137.

Failure to move through the 38.2% FIB and the $1.0724 pivot would bring first major support level at $1.0460 back into play.

Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.00 levels. The second major support level at $1.0310 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.0460

Pivot Level: $1.0724

First Major resistance Level: $1.0874

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

This article was originally posted on FX Empire

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