Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 18th, 2021

Ethereum

Ethereum rose by 1.89% on Wednesday. Partially reversing a 7.77% slide from Tuesday, Ethereum ended the day at $4,289.40.

A bearish day saw Ethereum fall to an early morning intraday low $$4,068.24 before making a move.

Steering clear of the first major support level at $4,023, Ethereum rose to a late intraday high $4,300.01

Falling short of the first major resistance level at $4,480, however, Ethereum eased back to end the day at sub-$4,300 levels.

At the time of writing, Ethereum was up by 0.22% to $4,298.90. A mixed start to the day saw Ethereum fall to an early low $4,272.28 before rising to a high $4,304.88.

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

For the day ahead

Ethereum would need to avoid the $4,219 pivot to bring the first major resistance level at $4,370 into play.

Support from the broader market would be needed, however, for Ethereum to break out from this morning’s high $4,304.88.

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 $4,500 levels before any pullback. The second major resistance level sits at $4,451.

A fall through the $4,219 pivot would bring the first major support level at $4,138 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,900 levels. The second major support level at $3,988 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4,138

Pivot Level: $4,219

First Major Resistance Level: $4,370

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin fell by 0.39% on Wednesday. Following a 12.40% tumble on Tuesday, Litecoin ended the day at $229.57.

A mixed start to the day saw Litecoin fall to an early morning intraday high $218.23 before making a move.

While steering clear of the first major support level at $215, Litecoin fell through the 38.2% FIB of $223.

Through the late morning, Litecoin break back through the 38.2% FIB to strike a late morning intraday high $235.49.

Falling well short of the first major resistance level at $255, however, Litecoin slid back to $225 levels before steadying.

A late move back through to $229 levels reversed the heavier losses from the day.

At the time of writing, Litecoin was up by 0.41% to $230.51. A mixed start to thee day saw Litecoin fall to an early morning low $228.22 before rising to a high $230.64.

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

For the day ahead

Litecoin would need to avoid the $228 pivot to bring the first major resistance level at $237 into play.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $235.49.

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 $250. The second major resistance level sits at $245.

A fall through the $228 pivot would bring the 38.2% FIB of $223 and the first major support level at $220 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$210 levels. The second major support level at $211 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $220

Pivot Level: $228

First Major Resistance Level: $237

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 0.76% on Wednesday. Partially reversing a 7.10% slide from Tuesday, Ripple’s XRP ended the day at $1.09664.

Tracking the broader market, Ripple’s XRP slid to an early morning intraday low $1.05879 before making a move.

While steering clear of the first major support level at $1.0289, Ripple’s XRP fell through the 38.2% FIB of $1.0659.

Finding mid-morning support, however, Ripple’s XRP rose to an early afternoon intraday high $1.11199.

While breaking back through the 38.2% FIB, Ripple’s XRP fell well short of the first major resistance level at $1.1604.

Late in the day, Ripple’s XRP briefly fell back to sub-$1.08 levels before wrapping up the day at $1.09 levels.

At the time of writing, Ripple’s XRP was up by 0.19% to $1.09874. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.09168 before rising to a high $1.10026.

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 $1.0891 pivot to bring the first major resistance level at $1.1195 into play.

Support would be needed, however, for Ripple’s XRP to break out from Wednesday’s high $1.11199.

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

In the event of a broad-based crypto rebound, Ripple’s XRP could test resistance at $1.15 levels before any pullback. The second major resistance level sits at $1.1423.

A fall through the $1.0891 pivot would bring the first major support level at $1.0663 and the 38.2% FIB of $1.0659 into play.

Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.00 levels. The second major support level at $1.0359 should limit the downside

Looking at the Technical Indicators

First Major Support Level: $1.0663

Pivot Level: $1.0891

First Major resistance Level: $1.1195

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659