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

Ethereum

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

A blended begin to the day noticed Ethereum rise to an early morning intraday excessive $4,556 earlier than hitting reverse.

Falling in need of the primary main resistance degree at $4,637, Ethereum tumbled to a mid-day intraday low $3,915.

The sell-off noticed Ethereum fall via the primary main assist degree at $4,332 and the second main assist degree at $4,139.

Steering away from the third main assist degree at $3,833, nonetheless, Ethereum revisited $4,130 ranges earlier than easing again. The second main assist degree pegged Ethereum again late within the day.

On the time of writing, Ethereum was down by 0.10% to $4,040. A blended begin to the day noticed Ethereum rise to an early morning excessive $4,056 earlier than falling to a low $4,032.

Ethereum left the key assist and resistance ranges untested early on.

For the day forward

Ethereum would want to maneuver via the $4,171 pivot to convey the primary main resistance degree at $4,428 into play.

Help from the broader market can be wanted, nonetheless, for Ethereum to interrupt out from to $4,200 ranges.

A broad-based crypto rebound would convey the primary main resistance degree into play.

Within the occasion of a broad-based crypto rally, Ethereum might take a look at resistance at $4,700 ranges earlier than any pullback. The second main resistance degree sits at $4,812.

Failure to maneuver via the $4,171 pivot would convey the primary main assist degree at $3,787 and the 23.6% FIB of $3,738 into play.

Barring one other prolonged sell-off, nonetheless, Ethereum ought to keep away from the second main assist degree at $3,531.

Wanting on the Technical Indicators

First Main Help Degree: $3,787

Pivot Degree: $4,171

First Main Resistance Degree: $4,428

23.6% FIB Retracement Degree: $3,738

38.2% FIB Retracement Degree: $3,039

62% FIB Retracement Degree: $1,909

Litecoin

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

Story continues

Monitoring the broader market, Litecoin rose to an early morning intraday excessive $225.0 earlier than hitting reverse.

Falling in need of the primary main resistance degree at $232, Litecoin slid to a mid-day intraday low $190.1.

Litecoin fell via the primary main assist degree at $213 and the second main assist degree at $202. Extra considerably, Litecoin fell via the 38.2% FIB of $223 to finish the day at sub-$200 ranges.

On the time of writing, Litecoin was flat at $195.8. A blended begin to the day noticed Litecoin rise to an early morning excessive $196.4 earlier than falling to a low $195.4.

Litecoin left the key assist and resistance ranges untested early on.

For the day forward

Litecoin would want to maneuver via the $204 pivot to convey the primary main resistance degree at $217 into play.

Help from the broader market can be wanted, nonetheless, for Litecoin to interrupt out from $210 ranges.

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

Within the occasion of an prolonged rally, Litecoin might take a look at resistance on the 38.2% FIB of $223 earlier than any pullback. The second main resistance degree sits at $239.

Failure to maneuver via the $204 pivot would convey the primary main assist degree at $182 into play.

Barring one other prolonged sell-off, Litecoin ought to keep away from sub-$180 ranges. The second main assist degree sits at $169.

Wanting on the Technical Indicators

First Main Help Degree: $182

Pivot Degree: $204

First Main Resistance Degree: $217

23.6% FIB Retracement Degree: $178

38.2% FIB Retracement Degree: $223

62% FIB Retracement Degree: $296

Ripple’s XRP

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

A blended begin to the day noticed Ripple’s XRP rise to an early morning intraday excessive $1.04626 earlier than hitting reverse.

Falling in need of the primary main resistance degree at $1.0635, Ripple’s XRP slid to a late morning intraday low $0.91318.

The prolonged sell-off noticed Ripple’s XRP fall via day’s main assist ranges earlier than discovering assist.

Via the early afternoon, Ripple’s XRP revisited $0.963 ranges earlier than falling again into the deep crimson. The third main assist degree at $0.9635 pegged Ripple’s XRP again within the 2^nd half of the day.

On the time of writing, Ripple’s XRP was down by 0.18% to $0.9378. A blended begin to the day noticed Ripple’s XRP rise to an early morning excessive $0.9413 earlier than falling to a low $0.9366.

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

For the day forward

Ripple’s XRP would want to maneuver via the $0.9663 pivot to convey the primary main resistance degree at $1.0194 into play.

Help can be wanted, nonetheless, for Ripple’s XRP to interrupt again via to $1.00 ranges.

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

Within the occasion of a broad-based crypto rally, Ripple’s XRP might take a look at the second main resistance degree at $1.0994. Ripple’s XRP would want loads of assist, nonetheless, to breakout from the 38.2% FIB of $1.0659.

Failure to maneuver via the $0.9663 pivot would convey first main assist degree at $0.8864 into play.

Barring one other prolonged sell-off, nonetheless, Ripple’s XRP ought to keep away from the second main assist degree at $0.8332. The 23.6% FIB of $0.8533 ought to restrict the draw back.

Wanting on the Technical Indicators

First Main Help Degree: $0.8864

Pivot Degree: $0.9663

First Main resistance Degree: $1.0194

23.6% FIB Retracement Degree: $0.8533

38.2% FIB Retracement Degree: $1.0659

62% FIB Retracement Degree: $1.4096

This article was initially posted on FX Empire

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