Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 26th, 2021

Ethereum

Ethereum rallied by 5.97% on Thursday. Reversing a 1.63% fall from Wednesday, Ethereum ended the day at $4,526.

A mixed start to the day saw Ethereum fall to an early morning intraday low $4,250 before making a move.

Steering clear of the first major support level at $4,173, Ethereum rallied to a late intraday high $4,555.

Ethereum broke through the first major resistance level at $4,364 and the second major resistance level at $4,457 to end the day at $4,500 levels.

At the time of writing, Ethereum was up by 0.30% to $4,540. A bullish start to the day saw Ethereum rise from an early morning low $4,527 to a high $4,541.

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

For the day ahead

Ethereum would need to avoid the $4,444 pivot to bring the first major resistance level at $4,637 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $4,555.

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 $4,700 levels before any pullback. The second major resistance level sits at $4,749.

A fall through the $4,444 pivot would bring the first major support level at $4,332 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,200 levels. The second major support level sits at $4,139.

Looking at the Technical Indicators

First Major Support Level: $4,332

Pivot Level: $4,444

First Major Resistance Level: $4,637

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin rallied by 5.11% on Thursday. Reversing a 1.88% loss from Wednesday, Litecoin ended the day at $223.1.

Tracking the broader market, Litecoin fell to an early morning intraday low $210.8 before making a move.

Steering clear of the first major support level at $207, Litecoin rallied to a midday intraday high $229.8.

Litecoin broke through the first major resistance level at $217 and the second major resistance level at $222.

More significantly, Litecoin also broke through the 38.2S% FIB of $223 before sliding back to $220 levels.

Finding late support, however, Litecoin broke back through the second major resistance level and the 38.2% FIB to end the day at $223 levels.

At the time of writing, Litecoin was up by 0.29% to $223.7. A bullish start to the day saw Litecoin rose from an early morning low $223.1 to a high $224.0.

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

For the day ahead

Litecoin would need to avoid the 38.2% FIB of $223 and the $221 pivot to bring the first major resistance level at $232 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $229.8.

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 $245 before any pullback. The second major resistance level sits at $240.

A fall through the 38.2% FIB and the $221 pivot would bring the first major support level at $213 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$210 levels. The second major support level sits at $202.

Looking at the Technical Indicators

First Major Support Level: $213

Pivot Level: $221

First Major Resistance Level: $232

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 1.00% on Thursday. Partially reversing a 3.19% slide from Wednesday, Ripple’s XRP ended the day at $1.0435.

A choppy start to the day saw Ripple’s XRP fall to a late morning intraday low $1.0235 before making a move.

Steering clear of the first major support level at $1.0031, Ripple’s XRP rallied to a late afternoon intraday high $1.06344.

Falling short of the 38.2% FIB of $1.0659 and the first major resistance level at $1.0695, however, Ripple’s XRP fell back to end the day at sub-$1.05 levels.

At the time of writing, Ripple’s XRP was up by 0.22% to $1.0458. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.0463 before falling to a low $1.0454.

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

For the day ahead

Ripple’s XRP would need to avoid the $1.0435 pivot to bring the first major resistance level at $1.0635 and the 38.2% FIB of $1.0659 into play.

Support would be needed, however, for Ripple’s XRP to break out from Thursday’s high $1.0634.

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 rally, Ripple’s XRP could test resistance at $1.10 levels before any pullback. The second major resistance level sits at $1.0834.

A fall through the $1.0435 pivot would bring first major support level at $1.0235 into play.

Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.00 levels. The second major support level at $1.0035 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.0235

Pivot Level: $1.0435

First Major resistance Level: $1.0635

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096