Home Litecoin Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 16th, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 16th, 2021

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Ethereum

Ethereum fell by 1.33% on Monday. Following a 0.37% decline on Sunday, Ethereum ended the day at $4,565.06.

A bullish begin to the day noticed Ethereum rise to an early afternoon intraday excessive $4,770.00 earlier than hitting reverse.

Ethereum broke by the primary main resistance degree at $4,709 earlier than sliding to a late intraday low $4,541.00.

Steering away from the primary main assist degree at $4,530, nevertheless, Ethereum ended the day at $4,560 ranges.

On the time of writing, Ethereum was down by 0.49% to $4,542.65. A combined begin to the day noticed Ethereum rise to an early morning excessive $4,564.98 earlier than falling to a low $4,527.43.

Ethereum left the most important assist and resistance ranges untested early on.

For the day forward

Ethereum would want to maneuver by the $4,625 pivot to convey the primary main resistance degree at $4,710 into play.

Assist from the broader market can be wanted, nevertheless, for Ethereum to interrupt out from to $4,650 ranges.

Barring an prolonged crypto rally, the primary main resistance degree and Monday’s excessive $4,770.00 would possible cap the upside.

Within the occasion of a broad-based crypto rally, Ethereum may take a look at resistance on the ATH $4,867.81 earlier than any pullback. The second main resistance degree sits at $4,854.

Failure to maneuver by the $4,625 pivot would convey the primary main assist degree at $4,481 into play.

Barring one other prolonged sell-off, nevertheless, Ethereum ought to avoid sub-$4,300 ranges. The second main assist degree at $4,396 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Assist Stage: $4,481

Pivot Stage: $4,625

First Main Resistance Stage: $4,710

23.6% FIB Retracement Stage: $3,738

38.2% FIB Retracement Stage: $3,039

62% FIB Retracement Stage: $1,909

Litecoin

Litecoin slid by 5.85% on Monday. Partially reversing an 8.38% rally from Sunday, Litecoin ended the day at $263.05.

A bullish begin to the day noticed Litecoin rise to a mid-morning intraday excessive $281.46 earlier than hitting reverse.

Falling wanting the primary main resistance degree at $290, Litecoin slid to a late intraday low $259.20.

Discovering assist on the first main assist degree at $259, Litecoin revisited $265 ranges earlier than easing again.

On the time of writing, Litecoin was down by 0.44% to $261.89. A combined begin to the day noticed Litecoin fall to an early morning low $260.53 earlier than rising to a excessive $263.20.

Litecoin left the most important assist and resistance ranges untested early on.

For the day forward

Litecoin would want to maneuver by the $268 pivot to convey the primary main resistance degree at $277 into play.

Assist from the broader market can be wanted, nevertheless, for Litecoin to interrupt again by to $270 ranges.

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

Within the occasion of one other breakout, Litecoin may take a look at the second main resistance degree at $290.

Failure to maneuver by the $268 pivot would convey the primary main assist degree at $255 into play.

Barring one other prolonged sell-off, Litecoin ought to avoid sub-$250 ranges. The second main assist degree sits at $246.

Trying on the Technical Indicators

First Main Assist Stage: $255

Pivot Stage: $268

First Main Resistance Stage: $277

23.6% FIB Retracement Stage: $178

38.2% FIB Retracement Stage: $223

62% FIB Retracement Stage: $296

Ripple’s XRP

Ripple’s XRP fell by 1.51% on Monday. Following a 0.30% loss on Sunday, Ripple’s XRP ended the day at $1.17054.

A bullish begin noticed Ripple’s XRP rally to a mid-morning intraday excessive $1.2200 earlier than hitting reverse.

Ripple’s XRP broke by the primary main resistance degree at $1.2014 earlier than sliding to a late intraday low $1.16646.

Ripple’s XRP fell by the primary main assist degree at $1.1718 to finish the day at sub-$1.1710 ranges.

On the time of writing, Ripple’s XRP was down by 0.37% to $1.16624. A bearish begin to the day noticed Ripple’s XRP fall from an early morning excessive $1.17207 to a low $1.16624.

Ripple’s XRP left the most important assist and resistance ranges untested early on.

For the day forward

Ripple’s XRP would want to maneuver by the $1.1857 pivot to convey the primary main resistance degree at $1.2049 into play.

Assist can be wanted, nevertheless, for Ripple’s XRP to interrupt again by to $1.20 ranges.

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

Within the occasion of a broad-based crypto rally, Ripple’s XRP may take a look at resistance at $1.25 ranges earlier than any pullback. The second main resistance degree sits at $1.2392.

Failure to maneuver by the $1.1857 pivot would convey the primary main assist degree at $1.1513 into play.

Barring one other prolonged sell-off, nevertheless, Ripple’s XRP ought to keep away from sub-$1.10 ranges. The second main assist degree at $1.1321 ought to restrict the draw back.

Trying on the Technical Indicators

First Main Assist Stage: $1.1513

Pivot Stage: $1.1857

First Main resistance Stage: $1.2049

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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