Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 20th, 2021

By November 20, 2021Ethereum
Click here to view original web page at finance.yahoo.com

Ethereum

Ethereum rallied by 7.53% on Friday. Reversing a 6.80% slide from Thursday, Ethereum ended the day at $4,299.55.

A mixed start to the day saw Ethereum fall to an early morning intraday low $3,975.24 before making a move.

Steering clear of the first major support level at $3,857, Ethereum rallied to a late intraday high $4,314.82 before easing back.

Ethereum broke through the first major resistance level at $4,243 to wrap up the day at $4,290 levels.

At the time of writing, Ethereum was flat at $4,299.35. A mixed start to the day saw Ethereum rise to an early morning high $4,330.00 before falling to a low $4,287.84.

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

For the day ahead

Ethereum would need to avoid the $4,197 pivot to bring the first major resistance level at $4,418 into play.

Support from the broader market would be needed, however, for Ethereum to break out from $4,350 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 $4,500 levels before any pullback. The second major resistance level sits at $4,536.

A fall through the $4,197 pivot would bring the first major support level at $4,078 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $3,857.

Looking at the Technical Indicators

First Major Support Level: $4,078

Pivot Level: $4,197

First Major Resistance Level: $4,418

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin rallied by 6.84% on Friday. Partially reversing an 11.06% slide from Thursday, Litecoin ended the day at $218.12.

A mixed start to the day saw Litecoin fall to an early morning intraday low $199.74 before making a move.

Steering clear of the first major support level at $192, Litecoin rallied to a late afternoon intraday high 221.65.

All Today's Crypto News In One Place