Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 30th, 2021

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Ethereum

Ethereum rose by 3.51% on Monday. Following a 4.88% rally on Sunday, Ethereum ended the day at $4,449.

A mixed morning saw Ethereum fall to a late morning intraday low $4,282 before making a move. Steering clear of the first major support level at $4,064, Ethereum rallied to a late afternoon intraday high $4,466.

Ethereum broke through the first major resistance level at $4,418 to end the day at $4,449 levels.

At the time of writing, Ethereum was down by 0.02% to $4,449. A mixed start to the day saw Ethereum rise to an early morning high $4,452 before falling to a low $4,439.

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

For the day ahead

Ethereum would need to avoid the $4,399 pivot to bring the first major resistance level at $4,516 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $4,500 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, Ethereum could test resistance at $4,700 levels before any pullback. The second major resistance level sits at $4,583.

A fall through the $4,399 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 at $4,215 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4,332

Pivot Level: $4,399

First Major Resistance Level: $4,516

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin rose by 3.06% on Monday. Following a 2.25% gain on Sunday, Litecoin ended the day at $205.8.

Tracking the broader market, Litecoin fell to a late morning intraday low $195.5 before making a move.

Steering clear of the first major support level at $188, however, Litecoin rallied to a late intraday high $209.7. Litecoin broke through the first major resistance level at $206 before easing back to end the  day at $205 levels.

At the time of writing, Litecoin was up by 0.10% to $206.0. A mixed start to the day saw Litecoin fall to an early morning low $205.2 before rising to a high $206.3.

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

For the day ahead

Litecoin would need to avoid the $204 pivot to bring the first major resistance level at $212 into play. Support from the broader market would be needed, however, for Litecoin to break back through to $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 $218.

A fall through the $204 pivot would bring the first major support level at $198 into play. Barring an extended sell-off, Litecoin should steer clear of sub-$190 levels. The second major support level at $190 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $198

Pivot Level: $204

First Major Resistance Level: $212

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 2.20% on Monday. Following a 2.47% gain on Sunday, Ripple’s XRP ended the day at $0.9911.

A mixed morning saw Ripple’s XRP fall to a late morning intraday low $0.9647 before making a move.

Steering clear of the first major support level at $0.9120, Ripple’s XRP rallied to a late intraday high $1.0019. Ripple’s XRP broke through the first major resistance level at $0.9986 before ending the day at $0.9910 levels.

At the time of writing, Ripple’s XRP was up by 0.90% to $0.9999. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.9911 to a high $1.0000.

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 $0.9859 pivot to bring the first major resistance level at $1.0071 into play.

Support would be needed, however, for Ripple’s XRP to break back through to $1.01 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 resistance at $1.05 levels before any pullback. The second major resistance level sits at $1.0231.

A fall through the $0.9859 pivot would bring first major support level at $0.9698 into play. Barring another extended sell-off, however, Ripple’s XRP should avoid the second major support level at $0.9486.

Looking at the Technical Indicators

First Major Support Level: $0.9698

Pivot Level: $0.9859

First Major resistance Level: $1.0071

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

Source: https://www.fxempire.com

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