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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 27th, 2021

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·5-min read
In this article:
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  • ETH-EUR
  • LTC-AUD
  • ETH-GBP
  • LTC-BTC
  • XRP-KRW
  • LTC-INR
  • XRP-INR
  • XRP-GBP
  • ETH-CNY
  • ETH-CAD
  • LTC-RUB
  • XRP-JPY
  • LTC-GBP
  • XRP-AUD
  • XRP-CNY
  • ETH-BTC
  • LTC-JPY
  • XRP-EUR
  • LTC-EUR
  • XRP-CAD
  • LTC-USD
  • LTC-CNY
  • ETH-INR
  • LTC-CAD
  • XRP-BTC
  • ETH-JPY
  • ETH-KRW
  • LTC-ETH
  • LTC-KRW
  • XRP-USD
  • XRP-RUB
  • ETH-USD
  • ETH-RUB
  • ETH-AUD
  • XRP-ETH

Ethereum

Ethereum slid by 10.68% on Friday. Reversing a 5.97% rally from Thursday, Ethereum ended the day at $4,044.

A mixed start to the day saw Ethereum rise to an early morning intraday high $4,556 before hitting reverse.

Falling short of the first major resistance level at $4,637, Ethereum tumbled to a mid-day intraday low $3,915.

The sell-off saw Ethereum fall through the first major support level at $4,332 and the second major support level at $4,139.

Steering clear of the third major support level at $3,833, however, Ethereum revisited $4,130 levels before easing back. The second major support level pegged Ethereum back late in the day.

At the time of writing, Ethereum was down by 0.10% to $4,040. A mixed start to the day saw Ethereum rise to an early morning high $4,056 before falling to a low $4,032.

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

For the day ahead

Ethereum would need to move through the $4,171 pivot to bring the first major resistance level at $4,428 into play.

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

A broad-based crypto rebound would bring the first major resistance level into play.

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 $4,812.

Failure to move through the $4,171 pivot would bring the first major support level at $3,787 and the 23.6% FIB of $3,738 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $3,531.

Looking at the Technical Indicators

First Major Support Level: $3,787

Pivot Level: $4,171

First Major Resistance Level: $4,428

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin tumbled by 12.26% on Friday. Reversing a 5.11% rally from Thursday, Litecoin ended the day at $196.

Tracking the broader market, Litecoin rose to an early morning intraday high $225.0 before hitting reverse.

Falling short of the first major resistance level at $232, Litecoin slid to a mid-day intraday low $190.1.

Litecoin fell through the first major support level at $213 and the second major support level at $202. More significantly, Litecoin fell through the 38.2% FIB of $223 to end the day at sub-$200 levels.

At the time of writing, Litecoin was flat at $195.8. A mixed start to the day saw Litecoin rise to an early morning high $196.4 before falling to a low $195.4.

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

For the day ahead

Litecoin would need to move through the $204 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 $210 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 before any pullback. The second major resistance level sits at $239.

Failure to move through the $204 pivot would bring the first major support level at $182 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$180 levels. The second major support level sits at $169.

Looking at the Technical Indicators

First Major Support Level: $182

Pivot Level: $204

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 10.18% on Friday. Reversing a 1.00% gain from Thursday, Ripple’s XRP ended the day at $0.9395.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.04626 before hitting reverse.

Falling short of the first major resistance level at $1.0635, Ripple’s XRP slid to a late morning intraday low $0.91318.

The extended sell-off saw Ripple’s XRP fall through day’s major support levels before finding support.

Through the early afternoon, Ripple’s XRP revisited $0.963 levels before falling back into the deep red. The third major support level at $0.9635 pegged Ripple’s XRP back in the 2nd half of the day.

At the time of writing, Ripple’s XRP was down by 0.18% to $0.9378. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.9413 before falling to a low $0.9366.

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 $0.9663 pivot to bring the first major resistance level at $1.0194 into play.

Support would be needed, however, for Ripple’s XRP to break back through to $1.00 levels.

Barring an extended crypto rally, the first major resistance level 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 $1.0994. Ripple’s XRP would need plenty of support, however, to breakout from the 38.2% FIB of $1.0659.

Failure to move through the $0.9663 pivot would bring first major support level at $0.8864 into play.

Barring another extended sell-off, however, Ripple’s XRP should avoid the second major support level at $0.8332. The 23.6% FIB of $0.8533 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.8864

Pivot Level: $0.9663

First Major resistance Level: $1.0194

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

This article was originally posted on FX Empire

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