Ethereum, Litecoin and Ripples XRP – Daily Tech Analysis – November 4th, 2021

ether

Ethereum rose 0.26% on Wednesday. Ethereum consolidated a 6.29% rally on Tuesday, ending the day at $ 4,606.07.

After a mixed morning, Ethereum fell to an intraday low of $ 4,456.00 in the early afternoon before moving.

To bypass the first major support level at $ 4,387, Ethereum rebounded to a late intraday high and ATH to $ 4,670.98.

However, Ethereum fell below the first major resistance level of $ 4,704 and fell below $ 4,600 before finding support.

At the time of writing, Ethereum is down 0.05% to $ 4,603.94. A mixed start to the day resulted in Ethereum falling to an early morning low of $ 4,586.10 before rising to a high of $ 4,610.24.

Ethereum left key support and resistance levels untested early on.

For the next day

Ethereum would have to avoid the $ 4,578 pivot to bring the first major resistance level into play at $ 4,700.

However, support from the broader market would be required for Ethereum to break out of Wednesday’s $ 4,670.98 ATH.

Aside from an extended crypto rally, the first major level of resistance would likely limit the uptrend.

In the event of a large-scale crypto rally, Ethereum could test resistance at $ 4,900 levels before pulling back. The second major resistance level is at $ 4,793.

A fall through the $ 4,578 pivot would bring the first major support level into play at $ 4,484.

However, apart from a lengthy sell-off, Ethereum should stay away from below $ 4,200. The second major support level at USD 4,363 should limit the downside.

Look at the technical indicators

First major support level: $ 4,484

Pivot level: $ 4,578

First major resistance level: $ 4,700

23.6% FIB retracement level: $ 3,369

38.2% FIB retracement level: $ 2,740

62% FIB retracement level: $ 1,725

Litecoin

Litecoin rose 3.10% on Wednesday. After rising 1.68% on Tuesday, Litecoin ended the day at $ 207.31.

A mixed start to the day caused Litecoin to rebound to a late morning intraday high of $ 209.44 before turning back into reverse.

Litecoin broke the first major resistance level at $ 203.

The story goes on

Litecoin hit the second major resistance level at $ 210 and slid to an intraday low of $ 197.51 in the early afternoon.

Litecoin, staying away from the first major support level at $ 196, broke the first major resistance level and hit the $ 209 level again before falling again.

At the time of writing, Litecoin is down 0.86% to $ 205.52. A bearish start to the day caused Litecoin to fall from an early morning high of $ 207.33 to a low of $ 205.08.

Litecoin left key support and resistance levels untested early on.

For the next day

Litecoin would need to avoid falling through the $ 205 pivot to bring the first major resistance level into play at $ 212.

However, for Litecoin to break out of Wednesday’s high of $ 209.44, it would require support from the broader market.

Aside from an extended crypto rally, the first major level of resistance would likely limit the uptrend.

In the event of another breakout, Litecoin could test the resistance at USD 220 before subsiding again. The second major resistance level is at $ 217.

Falling through the $ 205 pivot would bring the first major support level into play at $ 200.

Aside from another lengthy sell-off, Litecoin should stay away from under $ 195. The second major level of support is at $ 193.

Look at the technical indicators

First major support level: $ 200

Pivot level: $ 205

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 6.61% on Wednesday. After gaining 3.99% on Tuesday, Ripple’s XRP ended the day at $ 1.21118.

A mixed start to the day resulted in Ripple’s XRP dropping to an early morning intraday low of $ 1.12841 before moving.

To bypass the first major support level at $ 1.1001, Ripple’s XRP rebounded to an intraday high of $ 1.23500 this morning.

Ripple’s XRP broke the first major resistance level at $ 1.1600 and the second major resistance level at $ 1.1834.

However, a late morning pullback caused Ripple’s XRP to drop to below $ 1.15 levels before a second breakout.

Ripple’s XRP decline broke the first and second major resistance levels, ending the day at a $ 1.21 level.

At the time of writing, Ripple’s XRP was up 1.56% to $ 1.23007. A bullish start to the day caused Ripple’s XRP to climb from an early morning low of $ 1.21163 to a high of $ 1.23,722.

Ripple’s XRP left key support and resistance levels untested early on.

For the next day

Ripple’s XRP would avoid the $ 1.1915 pivot to bring in the first major resistance level at $ 1.2547.

However, support would be required for Ripple’s XRP to break out of Wednesday’s high of $ 1.2350.

Aside from an extended crypto rally, the first major level of resistance would likely limit the uptrend.

In the event of a large-scale crypto rally, Ripple’s XRP could test resistance at $ 1.30 before pulling back. The second major resistance level is at $ 1.2981.

Falling through the $ 1.1915 pivot would bring the first major support level into play at $ 1.1481.

However, aside from another lengthy sell-off, Ripple’s XRP should avoid levels below $ 1.10. The second major level of support is at $ 1.0849.

Look at the technical indicators

First major support level: $ 1.1481

Pivot Level: $ 1.1915

First major resistance level: $ 1.2547

23.6% FIB Retracement Level: $ 0.8533

38.2% FIB Retracement Level: $ 1.0659

62% FIB Retracement Level: $ 1.4096

This article was originally published on FX Empire

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