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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 12th, 2021

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·5 min read
In this article:
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  • ETH-CAD
  • XRP-BTC
  • ETH-GBP
  • LTC-CAD
  • LTC-AUD
  • ETH-EUR
  • ETH-INR
  • LTC-INR
  • LTC-RUB
  • XRP-AUD
  • ETH-KRW
  • ETH-AUD
  • LTC-CNY
  • XRP-INR
  • XRP-ETH
  • LTC-USD
  • LTC-EUR
  • XRP-USD
  • XRP-CNY
  • LTC-GBP
  • XRP-KRW
  • LTC-BTC
  • LTC-JPY
  • XRP-JPY
  • LTC-ETH
  • LTC-KRW
  • ETH-JPY
  • ETH-RUB
  • XRP-RUB
  • XRP-EUR
  • ETH-USD
  • XRP-GBP
  • XRP-CAD
  • ETH-BTC
  • ETH-CNY

Ethereum

Ethereum rose by 1.94% on Thursday. Partially reversing a 2.10% loss from Wednesday, Ethereum ended the day at $4,721.87.

A mixed start to the day saw Ethereum fall to an early morning intraday low $4,578.05 before making a move.

Steering clear of the first major support level at $4,439, Ethereum rose to a late afternoon intraday high $4,783.05.

Falling short of the first major resistance level at $4,847, Ethereum fell back to end the day at $4,720 levels.

At the time of writing, Ethereum was down by 0.25% to $4,710.07. A bearish start to the day saw Ethereum fall from an early morning high $4,721.69 to a low $4,710.01.

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

For the day ahead

Ethereum would need to avoid the $4,694 pivot to bring the first major resistance level at $4,811 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $4,800 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s ATH $4,867.81 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $5,000 levels before any pullback. The second major resistance level sits at $4,899.

A fall through the $4,694 pivot would bring the first major support level at $4,606 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,500 levels. The second major support level sits at $4,489.

Looking at the Technical Indicators

First Major Support Level: $4,606

Pivot Level: $4,694

First Major Resistance Level: $4,811

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin rose by 0.82% on Thursday. Reversing a 0.72% fall from Wednesday, Litecoin ended the day at $262.30.

Tracking the broader market, Litecoin fell to an early morning intraday low $250.61 before making a move.

Steering clear of the first major support level at $241, Litecoin rose to a late morning intraday high $274.27.

Falling well short of the first major resistance level at $291, Litecoin fell back to sub-$260 levels before finding support.

At the time of writing, Litecoin was down by 0.13% to $261.95. A mixed start to the day saw Litecoin rise to an early morning high $262.95 before falling to a low $261.95.

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

For the day ahead

Litecoin would need to move back through the $262 pivot to bring the first major resistance level at $274 into play.

Support from the broader market would be needed, however, for Litecoin to break back through to $270 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $274.27 would likely cap the upside.

In the event of another breakout, Litecoin could retest resistance at $300 before easing back. The second major resistance level sits at $286.

Failure to move back through the $262 pivot would bring the first major support level at $251 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$245 levels. The second major support level sits at $239.

Looking at the Technical Indicators

First Major Support Level: $251

Pivot Level: $262

First Major Resistance Level: $274

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 2.26% on Thursday. Partially reversing a 5.07% slide from Wednesday, Ripple’s XRP ended the day at $1.21563.

A mixed start saw Ripple’s XRP fall to an early morning intraday low $1.17794 before making a move.

Steering clear of the first major support level at $1.0932, Ripple’s XRP rose to a late morning intraday high $1.25344.

Falling well short of the first major resistance level at $1.3203, Ripple’s XRP fell back to sub-$1.20 levels before finding support.

At the time of writing, Ripple’s XRP was down by 0.34% to $1.21155. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.21560 before falling to a low $1.21155.

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

For the day ahead

Ripple’s XRP would need to move back through the $1.2157 pivot to bring the first major resistance level at $1.2534 into play.

Support would be needed, however, for Ripple’s XRP to break. Back through to $1.25 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $1.25344 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.30 levels before any pullback. The second major resistance level sits at $1.2912.

Failure to move back through the $1.2157 pivot would bring the first major support level at $1.1779 into play.

Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.15 levels. The second major support level sits at $1.1402.

Looking at the Technical Indicators

First Major Support Level: $1.1779

Pivot Level: $1.2157

First Major resistance Level: $1.2534

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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