Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 24th, 2021

By November 24, 2021Ethereum
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Ethereum

Ethereum rallied by 6.17% on Tuesday. Reversing a 4.08% loss from Monday, Ethereum ended the day at $4,341.62.

A choppy start to the day saw Ethereum fall to a late morning intraday low $4,062.28 before making a move.

Steering clear of the first major support level at $3,968, Ethereum rallied to a late intraday high $4,389.95.

Ethereum broke through the first major resistance level at $4,267 to wrap up the day at $4,340 levels.

At the time of writing, Ethereum was up by 0.01% to $4,342.22. Ethereum visited lows and highs of $4,340.92 and $4,343.14 at the start of the day.

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

For the day ahead

Ethereum would need to avoid the $4,265 pivot to bring the first major resistance level at $4,467 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $4,400 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 $4,700 levels before any pullback. The second major resistance level sits at $4,592.

A fall through the $4,265 pivot would bring the first major support level at $4,139 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,000 levels. The second major support level sits at $3,937.

Looking at the Technical Indicators

First Major Support Level: $4,139

Pivot Level: $4,265

First Major Resistance Level: $4,467

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin rose by 3.44% on Tuesday. Partially reversing a 5.54% slide from Monday, Litecoin ended the day at $216.32.

Tracking the broader market, Litecoin fell to a late morning intraday low $205.49 before making a move.

Steering clear of the first major support level at $202, Litecoin rallied to a late intraday high $218.89.

Coming up against the first major resistance level at $219, Litecoin eased back to end the day at $216 levels.

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