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

Ethereum

Ethereum rose by 4.22% on Monday. Following a 2.06% gain on Sunday, Ethereum ended the day at $4,811.9.

A mixed start to the day saw Ethereum fall to an early morning intraday low $4,616.50 before making a move.

Steering clear of the first major support level at $4,536, Ethereum rallied to a late intraday high and a new ATH $4,825.00.

Ethereum broke through the first major resistance level at $4,669 and the second major resistance level at $4,721 to end the day at $4,800 levels.

At the time of writing, Ethereum was down by 0.39% to $4,793.20. A mixed start to the day saw Ethereum rise to an early morning high $4,812.37 before falling to a low $4,781.52.

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

For the day ahead

Ethereum would need to avoid the $4,751 pivot to bring the first major resistance level at $4,886 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s ATH $4,825.00.

Barring an extended crypto rally, the first major resistance level 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 $4,960.

A fall through the $4,751 pivot would bring the first major support level at $4,677 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,500 levels. The second major support level at $4,543 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4,677

Pivot Level: $4,751

First Major Resistance Level: $4,886

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin jumped by 13.29% on Monday. Following a 2.24% rise on Sunday, Litecoin ended the day at $229.11.

Bullish from start to the day, Litecoin rallied from an early morning intraday low $202.18 to a late intraday high $229.70.

Litecoin broke through the day’s major resistance levels and through the 38.2% FIB of $223 to end the day at $229 levels.

At the time of writing, Litecoin was down by 0.62% to $227.69. A mixed start to the day saw Litecoin rise to an early morning high $229.75 before falling to a low $227.50.

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

http://finance.yahoo.com/

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.

http://finance.yahoo.com/

For the day ahead

Ripple’s XRP would need to avoid a fall through the $1.2662 pivot to bring the first major resistance level at $1.3120 into play.

Support would be needed, however, for Ripple’s XRP to break out from Monday’s high $1.29566.

Barring an extended crypto rally, the first major resistance level would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.35 levels before any pullback. The second major resistance level sits at $1.3414.

A fall through the $1.2662 pivot would bring the first major support level at $1.2367 into play.

Barring an extended sell-off, however, Ripple’s XRP should avoid sub-$1.20 levels. The second major support level sits at $1.1910.

Looking at the Technical Indicators

First Major Support Level: $1.2367.

Pivot Level: $1.2662

First Major resistance Level: $1.3120

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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