Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 14th, 2020

For the day ahead

Litecoin would need to avoid a fall through the $64.28 pivot to support a run at the first major resistance level at $68.39.

Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $66.66.

Barring another extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended breakout, Litecoin would likely test resistance at $70 before any pullback. The second major resistance level sits at $70.77, with the 38.2% FIB sitting at $71.

Failure to avoid a fall through the $64.28 pivot level would bring the first major support level at $61.90 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$60. The second major support level sits at $57.79.

Looking at the Technical Indicators

First Major Support Level: $61.90

Pivot Level: $64.28

First Major Resistance Level: $68.39

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP rallied by 4.31% on Friday. Reversing a 0.45% loss from Thursday, Ripple’s XRP ended the day at $0.26598.

It was a choppy start to the day. Ripple’s XRP fell to a mid-morning intraday low $0.25413 before making a move.

Steering clear of the first major support level at $0.2524, Ripple’s XRP rallied to a late intraday high $0.26598.

Ripple’s XRP broke through the first major resistance level at $0.2579 and the second major resistance level at $0.2608.

Coming within range of the third major resistance level at $0.2663, Ripple’s XRP briefly fell back to $0.263 levels.

Finding late support, however, Ripple’s XRP moved back through to $0.265 levels to round off a bullish day.

At the time of writing, Ripple’s XRP was down by 0.52% to $0.26459. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.26750 before falling to a low $0.26459.

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