Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 25th, 2021

Ethereum

Ethereum fell by 1.63% on Wednesday. Partially reversing a 6.17% slide from Tuesday, Ethereum ended the day at $4,271

A mixed start to the day saw Ethereum rise to an early morning intraday high $4,360 before hitting reverse.

Falling short of the first major resistance level at $4,467, Ethereum slid to an early afternoon intraday low $4,169.

Steering clear of the first major support level at $4,139, however, Ethereum revisited $4,280 levels before easing back.

At the time of writing, Ethereum was down by 0.03% to $4,270. A mixed start to the day saw Ethereum rise to an early morning high $4,288 before falling to a low $4,269.

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

For the day ahead

Ethereum would need to avoid the $4,267 pivot to bring the first major resistance level at $4,364 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $4,300 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $4,360 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 $4,457.

A fall through the $4,267 pivot would bring the first major support level at $4,173 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,000 levels. The second major support level at $4,076 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4,173

Pivot Level: $4,267

First Major Resistance Level: $4,364

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin fell by 1.88% on Wednesday. Partially reversing a 3.44% gain from Tuesday, Litecoin ended the day at $212.2.

Tracking the broader market, Litecoin rose to an early morning intraday high $216.7 before hitting reverse.

Falling short of the first major resistance level at $222, however, Litecoin slid to an early afternoon intraday low $206.0.

Litecoin fell through the first major support level at $208 before a partial recovery to end the day at $212 levels.

At the time of writing, Litecoin was down by 0.20% to $211.8. A mixed start to the day saw Litecoin rise to an early morning high $212.9 before falling to a low $211.6.

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

For the day ahead

Litecoin would need to move back through the $212 pivot to bring the first major resistance level at $217 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 and Wednesday’s high $217 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 $222.

Failure to move back through the $212 pivot would bring the first major support level at $207 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$200 levels. The second major support level at $201 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $207

Pivot Level: $212

First Major Resistance Level: $217

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP slid by 3.19% on Wednesday. Reversing a 2.84% gain from Tuesday, Ripple’s XRP ended the day at $1.0340.

A choppy start to the day saw Ripple’s XRP rise to an early morning intraday high $1.0741 before hitting reverse.

Falling short of the first major resistance level at $1.0855, Ripple’s XRP fell through the 38.2% FIB of $1.0659 to an early afternoon intraday low $1.0077.

The extended sell-off also saw Ripple’s XRP fall through the first major support level at $1.0344. Steering clear of the second major support level at $1.0021, however, Ripple’s XRP revisited $1.034 levels before easing back.

At the time of writing, Ripple’s XRP was down by 0.18% to $1.0321. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.0339 before falling to a low $1.0312.

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 $1.0386 pivot to bring the 38.2% FIB of $1.0659 and the first major resistance level at $1.0695 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 Wednesday’s high $1.0741 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test the second major resistance level at $1.1050.

Failure to move through the $1.0386 pivot would bring first major support level at $1.0031 into play.

Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$0.98 levels. The second major support level sits at $0.9722.

Looking at the Technical Indicators

First Major Support Level: $1.0031

Pivot Level: $1.0386

First Major resistance Level: $1.0695

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096