Home Ripple Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 5th, 2021 – Yahoo Finance

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 5th, 2021 – Yahoo Finance

by admin


Ethereum

Ethereum fell by 1.50% on Thursday. Reversing a 0.26% gain from Wednesday, Ethereum ended the day at $4,537.15.

A mixed start to the day saw Ethereum rise to an early morning intraday high $4,610.24 before hitting reverse.

Falling short of the first major resistance level at $4,700, Ethereum slid to a late afternoon intraday low $4,423.01.

Ethereum fell through the first major support level at $4,484 before finding support to end the day at $4,500 levels.

At the time of writing, Ethereum was down by 0.20% to $4,528.17. A mixed start to the day saw Ethereum rise to an early morning high $4,539.83 before falling to a low $4,527.81.

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

For the day ahead

Ethereum would need to avoid the $4,524 pivot to bring the first major resistance level at $4,624 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $4,600 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 Wednesday’s ATH $4,680.98 before any pullback. The second major resistance level sits at $4,711.

A fall through the $4,524 pivot would bring the first major support level at $4,437 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,200 levels. The second major support level at $4,336 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4,437

Pivot Level: $4,524

First Major Resistance Level: $4,624

23.6% FIB Retracement Level: $3,369

38.2% FIB Retracement Level: $2,740

62% FIB Retracement Level: $1,725

Litecoin

Litecoin fell by 2.10% on Thursday. Partially reversing a 3.10% gain from Wednesday, Litecoin ended the day at $202.90.

A mixed start to the day saw Litecoin rise to an early morning intraday high $207.33 before hitting reverse.

Falling short of the first major resistance level at $212, Litecoin slid to a mid-afternoon intraday low $196.31.

Litecoin fell through the first major support level at $200 before ending the day at $202 levels.

At the time of writing, Litecoin was down by 0.25% to $202.40. A mixed start to the day saw Litecoin rise to an early morning high $202.99 before falling to a low $202.40.

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

For the day ahead

Litecoin would need to avoid a fall through the $202 pivot to bring the first major resistance level at $208 into play.

Support from the broader market would be needed, however, for Litecoin to break out from $205 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $207.33 would likely cap the upside.

In the event of another breakout, Litecoin could test resistance at $220 before easing back. The second major resistance level sits at $213.

A fall through the $202 pivot would bring the first major support level at $197 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$190. The second major support level at $191 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $197

Pivot Level: $202

First Major Resistance Level: $208

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP fell by 0.79% on Thursday. Partially reversing a 6.61% rally from Wednesday, Ripple’s XRP ended the day at $1.2020.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.25739 before hitting reverse.

Coming up against the first major resistance level at $1.2547, Ripple’s XRP slid to a mid-afternoon intraday low $1.16432.

Steering clear of the first major support level at $1.1481, however, Ripple’s XRP ended the day at $1.20 levels.

At the time of writing, Ripple’s XRP was down by 0.58% to $1.19504. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.20199 to a low $1.19504.

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 $1.2079 pivot to bring the first major resistance level at $1.2515 into play.

Support would be needed, however, for Ripple’s XRP to break back through to $1.23 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $1.25739 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.30 levels before any pullback. The second major resistance level sits at $1.3010.

Failure to move through the $1.2079 pivot would bring the first major support level at $1.1584 into play.

Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.10 levels. The second major support level at $1.1148 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1.1584

Pivot Level: $1.2079

First Major resistance Level: $1.2515

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

More From FXEMPIRE:

Adblock test (Why?)

Source link

Related Articles

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More