Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 15th, 2021

By November 15, 2021Ethereum
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Ethereum

Ethereum fell by 0.37% on Sunday. Following a 0.50% decline on Saturday, Ethereum ended the week up by 0.22% to $4,627.03.

A bullish start to the day saw Ethereum rise to an early morning intraday high $4,695.07 before hitting reverse.

Coming within range of the first major resistance level at $4,706, Ethereum slid to a late afternoon intraday low $4,516.05.

Ethereum fell through the first major support level at $4,585 and the second major support level at $4,525.

Finding late support, however, Ethereum broke back through the major support levels to end the day at $4,600 levels.

At the time of writing, Ethereum was up by 0.72% to $4,660.56. A bullish start to the day saw Ethereum rise from an early morning low $4,626,61 to a high $4,665.00.

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

For the day ahead

Ethereum would need to avoid a fall through the $4,613 pivot to bring the first major resistance level at $4,709 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $4,695.07.

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 the ATH $4,867.81 before any pullback. The second major resistance level sits at $4,792.

A fall through the $4,613 pivot would bring the first major support level at $4,530 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,400 levels. The second major support level at $4,434 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $4,530

Pivot Level: $4,613

First Major Resistance Level: $4,709

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin rallied by 8.38% on Sunday. Following a 2.59% gain from Saturday, Litecoin ended the week up by 38.14% to $279.36.

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