Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 23rd, 2020

By November 23, 2020Ethereum
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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 23rd, 2020

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Ethereum rose 1.40% on Sunday. After rallying 8.32% from Saturday, Ethereum ended the week 25.02% to $ 560.82.
It was another mixed start to the day. Ethereum rose to a high of $ 562.61 early this morning before hitting reverse.
Ethereum trailed first major resistance level at $ 570.63, falling to a late morning intraday low of $ 511.16.
Ethereum fell through the first major support level at $ 519.17 before finding support. In the second half of the day, Ethereum rebounded to a late intraday high and a new swing of $ 581.80.
In the afternoon rally, Ethereum broke the first major resistance level at $ 570.63. However, on a late pullback, Ethereum fell back through the first major resistance level and ended the day below $ 570.
At the time of writing, Ethereum was up 0.79% to $ 565.25. A bullish start to the day saw Ethereum rise from an early morning low of $ 560.70 to a high of $ 565.72
Ethereum left key support and resistance levels untested early on.
For the next day
Ethereum would need to avoid falling through the pivot level at $ 551.26 to support a run at the first major resistance level at $ 591.36.
However, support from the broader market would be required for Ethereum to break out of the $ 581.80 high on Sunday.
Aside from an extended crypto rally, the first major level of resistance would likely limit an uptrend.
In the event of another breakout, Ethereum could test resistance before a pullback at USD 610. The second major resistance level is at $ 621.90.
Unless a fall from the $ 551.26 pivot is avoided, the first major support level at $ 520.72 is brought into play.
However, subject to another lengthy sell-off, Ethereum should avoid levels below $ 500. The second major support level is at $ 480.62.
Look at the technical indicators
First major support level: $ 520.72
Pivot Level: $ 551.26
First major resistance level: $ 591.36
23.6% FIB Retracement Level: $
38.2% FIB Retracement Level: $
62% FIB retracement level: $
Litecoin
Litecoin was down 4.90% on Sunday. Litecoin partially reversed a 5.43% gain from Saturday and ended the week 33.10% to $ 82.96.
It was a mixed start to the day. Litecoin rose to an early morning intraday high of $ 88.00 before hitting the reverse.
Litecoin missed the first major resistance level at $ 90.28 and fell to a late morning intraday low of $ 78.00.
Litecoin fell through the first major support level at $ 82.26 before rebounding to $ 85.
However, a bearish end to the day caused Litecoin to slide back to end the day below $ 83.
At the time of writing, Litecoin was up 0.83% to $ 83.65. On a mixed start to the day, Litecoin fell to a low of $ 82.74 early this morning before rising to a high of $ 83.65.
Litecoin left key support and resistance levels untested early on.
For the next day
Litecoin would have to avoid falling back through the $ 82.99 pivot to support a run at the first major resistance level at $ 87.97.
However, support from the broader market would be required for Litecoin to break out of the $ 85 levels.
Aside from another extended crypto rally, the first major resistance level and $ 88.00 high on Sunday would likely limit an uptrend.
In the event of another prolonged breakout, Litecoin would likely test the second major resistance level at $ 92.99.
Unless a relapse is avoided by the $ 82.99 pivot level, the first major support level will be brought into play at $ 77.97.
However, subject to a longer sell-off that day, Litecoin should stay well away from the second major support level at USD 72.99.
Look at the technical indicators
First major support level: $ 77.97
Pivot Level: $ 82.99
First major resistance level: $ 87.97
23.6% FIB Retracement Level: $ 45.30
38.2% FIB Retracement Level: $ 71
62% FIB Retracement Level: 100 USD
Ripple's XRP
Ripple's XRP fell 3.56% on Sunday. After rising 40.04% on Saturday, Ripple's XRP ended the week 65.9% to $ 0.44669.
It was a mixed start to the day. Ripple's XRP rose to an early morning intraday high of $ 0.4980 before hitting reverse.
Ripple's XRP missed the first major resistance level at $ 0.5122 and fell to an early morning intraday low of $ 0.40401.
While Ripple's XRP left its first major support level at $ 0.3713, it fell through the 38.2% FIB of $ 0.4392. In the late morning, Ripple's XRP hit $ 0.475 again before a late morning pullback.
On the pullback, Ripple's XRP fell through the 38.2% FIB to $ 0.4080 before finding support. In the second half of the day, Ripple's XRP broke the 38.2% FIB to hit $ 0.48 again.
However, in a bearish final hour, Ripple's XRP fell below $ 0.45 and ended the day in deep red.
At the time of writing, Ripple's XRP rose 0.80% to $ 0.45027. A bullish start to the day caused Ripple's XRP to rise from an early morning low of $ 0.44603 to a high of $ 0.45320.
Ripple's XRP left key support and resistance levels untested early on.
For the next day
Ripple's XRP must avoid falling back through the $ 0.4496 pivot level to support a run at the first major resistance level of $ 0.4951.
However, support from the broader market would be required for Ripple's XRP to climb back to $ 0.49.
Aside from an extended crypto rally, the first major resistance level and $ 0.4980 high on Sunday would likely limit an uptrend.
In the event of another prolonged rally, Ripple's XRP could test resistance before pulling back at $ 0.55. The second major resistance level is at $ 0.5436.
Unless a relapse from the $ 0.4496 pivot is avoided, the FIB of 38.2% and the first major support level at $ 0.4011 would come into play.
Subject to a lengthy crypto sell-off, Ripple's XRP should stay well away from values ​​below $ 0.40. The second major support level is at $ 0.3556.
Look at the technical indicators
First major support level: $ 0.4011
Pivot Level: $ 0.4496
First major resistance level: $ 0.4951
23.6% FIB Retracement Level: $ 0.3638
38.2% FIB Retracement Level: $ 0.4800
62% FIB Retracement Level: $ 0.6678
Please let us know what you think in the comments below.
Thank you Bob
This article was originally published on FX Empire
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In this article
ETHUSD = X.
+ 7.20%
ETH-USD
+ 3.05%
ETH-EUR
+ 3.26%
ETH-BTC
+ 2.45%
ETH-CAD
+ 3.08%
ETH GBP
+ 2.73%
ETH INR
+ 3.11%
ETH-JPY
+ 3.35%
ETH-RUB
+ 3.04%
ETH-KRW
+ 2.97%
ETH-AUD
+ 3.28%
ETH-CNY
+ 3.37%
LTC-USD
+ 7.28%
LTCUSD = X.
+ 7.44%
LTC-BTC
+ 6.66%
LTC-EUR
+ 7.50%
LTC-ETH
+ 0.08%
LTC-CAD
+ 7.31%
LTC-AUD
+ 7.52%

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