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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 4th, 2021

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 4th, 2021

by oof_pj
November 4, 2021
in Rippl
0


For the day forward

Litecoin would want to keep away from a fall by way of the $205 pivot to convey the primary main resistance degree at $212 into play.

Assist from the broader market can be wanted, nevertheless, for Litecoin to interrupt out from Wednesday’s excessive $209.44.

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

Within the occasion of one other breakout, Litecoin may take a look at resistance at $220 earlier than easing again. The second main resistance degree sits at $217.

A fall by way of the $205 pivot would convey the primary main help degree at $200 into play.

Barring one other prolonged sell-off, Litecoin ought to keep away from sub-$195. The second main help degree sits at $193.

Wanting on the Technical Indicators

First Main Assist Stage: $200

Pivot Stage: $205

First Main Resistance Stage: $212

23.6% FIB Retracement Stage: $178

38.2% FIB Retracement Stage: $223

62% FIB Retracement Stage: $296

Ripple’s XRP

Ripple’s XRP rallied by 6.61% on Wednesday. Following a 3.99% acquire on Tuesday, Ripple’s XRP ended the day at $1.21118.

A blended begin to the day noticed Ripple’s XRP fall to an early morning intraday low $1.12841 earlier than making a transfer.

Steering away from the primary main help degree at $1.1001, Ripple’s XRP rallied to a mid-morning intraday excessive $1.23500.

Ripple’s XRP broke by way of the primary main resistance degree at $1.1600 and the second main resistance degree at $1.1834.

A late morning pullback, nevertheless, noticed Ripple’s XRP fall again to sub-$1.15 ranges earlier than a 2nd breakout.

Ripple’s XRP fall broke again by way of the primary and the second main resistance ranges to finish the day at $1.21 ranges.

On the time of writing, Ripple’s XRP was up by 1.56% to $1.23007. A bullish begin to the day noticed Ripple’s XRP rise from an early morning low $1.21163 to a excessive $1.23722.

Ripple’s XRP left the key help and resistance ranges untested early on.



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