Home Litecoin Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 11th, 2021 – Yahoo Finance

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 11th, 2021 – Yahoo Finance

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Ethereum

Ethereum fell by 2.10% on Wednesday. Following a 1.67% decline on Tuesday, Ethereum ended the day at $4,632.22.

After a combined begin to the day, Ethereum rallied to an early afternoon new ATH $4,867.81 earlier than hitting reverse.

Ethereum broke by the primary main resistance degree at $4,811 earlier than sliding to a late intraday low $4,460.00.

The prolonged sell-off noticed Ethereum fall by the day’s main help ranges.

Late within the day, Ethereum broke again by the third main help degree at $4,506, nevertheless, to finish the day at $4,600 ranges.

The second main help degree at $4,634 pegged Ethereum again, nevertheless.

On the time of writing, Ethereum was down by 0.46% to $4,611.07. A bearish begin to the day noticed Ethereum fall from an early morning excessive $4,632.23 to a low $4,605.50.

Ethereum left the foremost help and resistance ranges untested early on.

For the day forward

Ethereum would wish to maneuver by the $4,653 pivot to carry the primary main resistance degree at $4,847 into play.

Assist from the broader market can be wanted, nevertheless, for Ethereum to interrupt again by to $4,800 ranges.

Barring an prolonged crypto rally, the primary main resistance degree and Wednesday’s ATH would probably cap the upside.

Within the occasion of a broad-based crypto rally, Ethereum may take a look at resistance at $5,000 ranges earlier than any pullback. The second main resistance degree sits at $5,061.

Failure to maneuver by the $4,653 pivot would carry the primary main help degree at $4,439 into play.

Barring one other prolonged sell-off, nevertheless, Ethereum ought to avoid sub-$4,200 ranges. The second main help degree at $4,246 ought to restrict the draw back.

Wanting on the Technical Indicators

First Main Assist Stage: $4,439

Pivot Stage: $4,653

First Main Resistance Stage: $4,847

23.6% FIB Retracement Stage: $3,369

38.2% FIB Retracement Stage: $2,740

62% FIB Retracement Stage: $1,725

Litecoin

Litecoin fell by 0.72% on Wednesday. Partially reversing a 14.42% surge from Tuesday, Litecoin ended the day at $260.18.

Monitoring the broader market, Litecoin rallied to a mid-afternoon intraday excessive $302.08 earlier than hitting reverse.

Litecoin broke by the primary main resistance degree at $282.

Developing in opposition to the second main resistance degree at $303, Litecoin slid to a late intraday low $252.30.

Steering away from the primary main help degree at $234, Litecoin ended the day at $260 ranges.

On the time of writing, Litecoin was down by 0.90% to $257.84. A bearish begin to the day noticed Litecoin fall from an early morning excessive $260.23 to a low $257.24.

Litecoin left the foremost help and resistance ranges untested early on.

For the day forward

Litecoin would wish to maneuver by the $272 pivot to carry the primary main resistance degree at $291 into play.

Assist from the broader market can be wanted, nevertheless, for Litecoin to interrupt again by to $280 ranges.

Barring an prolonged crypto rally, the primary main resistance degree would probably cap the upside.

Within the occasion of one other breakout, Litecoin may retest resistance at $300 earlier than easing again. The second main resistance degree sits at $321.

Failure to maneuver by the $272 pivot would carry the primary main help degree at $241 into play.

Barring one other prolonged sell-off, Litecoin ought to avoid the 38.2% FIB of $223. The second main help degree sits at $222.

Wanting on the Technical Indicators

First Main Assist Stage: $241

Pivot Stage: $272

First Main Resistance Stage: $291

23.6% FIB Retracement Stage: $178

38.2% FIB Retracement Stage: $223

62% FIB Retracement Stage: $296

Ripple’s XRP

Ripple’s XRP slid by 5.07% on Wednesday. Following a 2.25% loss on Tuesday, Ripple’s XRP ended the day at $1.9282.

After a combined morning, Ripple’s XRP rallied to a late afternoon intraday excessive $1.34813 earlier than hitting reverse.

Ripple’s XRP broke by the primary main resistance degree at $1.2877 and the second main resistance degree at $1.3190.

Developing in opposition to resistance at $1.35, nevertheless, Ripple’s XRP slid to a late intraday low $1.12102.

The prolonged sell-off noticed Ripple’s XRP slide by the day’s main help ranges.

A late partial restoration, nevertheless, noticed Ripple’s XRP transfer again by the third main help degree at $1.1322 to finish the day at $1.19 ranges.

The second main resistance degree at $1.1945 pegged Ripple’s XRP again late within the day.

On the time of writing, Ripple’s XRP was down by 0.94% to $1.18155. A bearish begin to the day noticed Ripple’s XRP fall from an early morning excessive $1.18900 to a low $1.18155.

Ripple’s XRP left the foremost help and resistance ranges untested early on.

For the day forward

Ripple’s XRP would wish to maneuver by the $1.2207 pivot to carry the primary main resistance degree at $1.3203 into play.

Assist can be wanted, nevertheless, for Ripple’s XRP to interrupt again by to $1.30 ranges.

Barring an prolonged crypto rally, the primary main resistance degree and Wednesday’s excessive $1.34813 would probably cap the upside.

Within the occasion of a broad-based crypto rally, Ripple’s XRP may take a look at resistance on the 62% FIB of $1.4096 earlier than any pullback. The second main resistance degree sits at $1.4478.

Failure to maneuver by the $1.2207 pivot would carry the primary main help degree at $1.0932 into play.

Barring one other prolonged sell-off, nevertheless, Ripple’s XRP ought to keep away from the 38.2% FIB of $1.0659. The second main help degree sits at $0.9935.

Wanting on the Technical Indicators

First Main Assist Stage: $1.0932

Pivot Stage: $1.2207

First Main resistance Stage: $1.3203

23.6% FIB Retracement Stage: $0.8533

38.2% FIB Retracement Stage: $1.0659

62% FIB Retracement Stage: $1.4096

This article was initially posted on FX Empire

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