Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 23rd, 2021

Ethereum

Ethereum slid by 4.08% on Monday. Following a 3.47% loss on Sunday, Ethereum ended the day at $4,089.16.

After a choppy start to the day, Ethereum struck an early afternoon intraday high $4,322.86 before hitting reverse.

Falling well short of the first major resistance level at $4,380, Ethereum slid to a late intraday low $4,024.45.

The extended sell-off saw Ethereum fall through the first major support level at $4,194 and the second major support level at $4,125.

Steering clear of sub-$4,000 support levels, however, Ethereum revisited $4,117 levels before easing back.

At the time of writing, Ethereum was down by 0.21% to $4,080.57. A mixed start to the day saw Ethereum rise to an early morning high $4,091.23 before falling to a low $4,076.15.

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

For the day ahead

Ethereum would need to move through the $4,146 pivot to bring the first major resistance level at $4,267 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $4,200 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $4,322.86 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 $4,444.

Failure to move through the $4,146 pivot would bring the first major support level at $3,968 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the 23.6% FIB of $3,738. The second major support level at $3,847 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,968

Pivot Level: $4,146

First Major Resistance Level: $4,267

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin slid by 5.54% on Monday. Following a 2.44% fall on Sunday, Litecoin ended the day at $209.22.

A mixed start to the day saw Litecoin rise to an early morning intraday high $221.96 before hitting reverse.

Falling short of the 38.2% FIB of $223 and the first major resistance level at $228, Litecoin slid to a late intraday low $205.31.

The extended sell-off saw Litecoin fall through the first major support level at $217 and the second major support level at $213.

Steering clear of the third major support level at $202, however, Litecoin ended the day at $209 levels.

At the time of writing, Litecoin was down by 0.09% to $209.04. A mixed start to the day saw Litecoin rise to an early morning high $209.31 before falling to a low $208.20.

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

For the day ahead

Litecoin would need to move through the $212 pivot to bring the first major resistance level at $219 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $215 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 resistance at the 38.2% FIB of $223. The second major resistance level sits at $229.

Failure to move through the $212 pivot would bring the first major support level at $202 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$195 levels. The second major support level at $196 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $202

Pivot Level: $212

First Major Resistance Level: $219

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 2.12% on Monday. Following a 3.41% decline on Sunday, Ripple’s XRP ended the day at $1.0381.

A bearish start to the day saw Ripple’s XRP slid to a mid-morning intraday low $1.02829 before making a move.

Ripple’s XRP fell through the first major support level at $1.0460 and the second major support level at $1.0310.

Finding late morning support, however, Ripple’s XRP rallied to an early afternoon intraday high $1.07020.

While falling well short of the major resistance levels, Ripple’s XRP briefly broke through the 38.2% FIB of $1.0659.

A 2^nd reversal, however, saw Ripple’s XRP slide back through the first major support level and the 38.2% FIB to sub-$1.03 levels.

Ripple’s XRP also briefly fell back through the second major support level at $1.0310 before ending the day at $1.038 levels.

At the time of writing, Ripple’s XRP was down by 0.04% to $1.03770. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.03200 before rising to a high $1.03770.

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

For the day ahead

Ripple’s XRP would need to move through the $1.0455 pivot to bring the first major resistance level at $1.0628 and the 38.2% FIB of $1.0659 into play.

Support would be needed, however, for Ripple’s XRP to break out from $1.05 levels.

Barring an extended crypto rally, the first major resistance level and 38.2% FIB would likely cap the upside.

In the event of a broad-based crypto rebound, Ripple’s XRP could test resistance at $1.10 levels before any pullback. The second major resistance level sits at $1.0874.

Failure to move through the $1.0455 pivot would bring first major support level at $1.0209 into play.

Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.00 levels. The second major support level at $1.0036 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.0209

Pivot Level: $1.0455

First Major resistance Level: $1.0628

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096