Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 13th, 2020

For the day ahead

Litecoin would need to avoid a fall through the $59.75 pivot to support a run at the first major resistance level at $61.79.

Support from the broader market would be needed, however, for Litecoin to break out from the morning high $61.00.

Barring an extended crypto rally, the first major resistance level and resistance at $62 would likely cap any upside.

In the event of an extended breakout, Litecoin would likely test resistance at $63 before any pullback. The second major resistance level sits at $62.85.

Failure to avoid a fall through the $59.75 pivot level would bring the first major support level at $58.69 into play.

Barring an extended sell-off on the day, however, Litecoin should steer well clear of the 23.6% FIB of $54.00. The second major support level at $56.65 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $58.69

Pivot Level: $59.75

First Major Resistance Level: $61.79

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP fell by 0.45% on Thursday. Partially reversing a 0.71% gain from Wednesday, Ripple’s XRP ended the day at $0.25499.

Recovering from an early morning low $0.25337, Ripple’s XRP struck a late morning intraday high $0.25829 before hitting reverse.

Falling short of the first major resistance level at $0.2598, Ripple’s XRP slid to a late afternoon intraday low $0.25281.

Finding support at the first major support level at $0.2526, Ripple’s XRP revisited $0.255 levels before easing back.

At the time of writing, Ripple’s XRP was down by 0.08% to $0.25479. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.25511 before falling to a low $0.25479.

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