Yahoo Finance Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 30th, 2020
Ethereum
Ethereum rallied by 7.21% on Sunday. Following on from a 3.67% gain on Saturday, Ethereum ended the week up by 2.85% to $576.76.
A mixed start to the day saw Ethereum fall to an early morning intraday low $531.00 before making a move.
Steering clear of the first major support level at $512.47, Ethereum rallied to a late intraday high $577.55.
Ethereum broke through the first major resistance level at $556.29 and the second major resistance level at $574.47 before easing back.
Coming up against resistance at $580 eased back to end the day at $576 levels.
At the time of writing, Ethereum was up by 0.90% to $581.97. A bullish start to the day saw Ethereum rise from an early morning low $576.90 to a high $582.99.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the pivot level at $561.77 to support a run at the first major resistance level at $592.43.
Support from the broader market would be needed, however, for Ethereum to break through to $590 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a breakout, Ethereum could test resistance at $610 before any pullback. The second major resistance level sits at $608.32.
Failure to avoid a fall through the $561.77 pivot would bring the first major support level at $545.99 into play.
Barring another extended sell-off, however, Ethereum should steer well clear of the second major support level at $512.22.
Looking at the Technical Indicators
First Major Support Level: $545.99
Pivot Level: $561.77
First Major Resistance Level: $592.54
23.6% FIB Retracement Level: $495
38.2% FIB Retracement Level: $416
62% FIB Retracement Level: $288
Litecoin
Litecoin rallied by 8.59% on Sunday. Following on from a 5.13% gain on Saturday, Litecoin ended the week down by 4.76% to $79.00.
It was a mixed start to the day. Litecoin fell to an early morning intraday low $71.64 before making a move.
Steering clear of the 38.2% FIB of $71 and the first major support level at $69.11, Litecoin rallied to a late intraday high $81.21.
Litecoin broke through the first major resistance level at $75.73 and the second major resistance level at $78.68.
The second major resistance level at $78.68 limited the downside late in the day.
At the time of writing, Litecoin was up by 1.15% to $79.91. A bullish start to the day saw Litecoin rise from an early morning low $78.00 to a high $79.91.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $77.28 pivot to support a run at the first major resistance level at $82.93.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $81.21.
Barring an 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 $90 before any pullback. The second major resistance level sits at $86.85.
Failure to avoid a fall through the $77.28 pivot level would bring the first major support level at $73.36 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $67.71. The 38.2% FIB of $71 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $73.36
Pivot Level: $77.28
First Major Resistance Level: $82.93
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 3.36% on Sunday. Partially reversing an 11.57% breakout from Saturday, Ripple’s XRP ended the week up by 35.79% to $0.60568.
It was another mixed start to the day. Ripple’s XRP fell to an early morning intraday low $0.58291 before making a move.
Steering clear of the first major support level at $0.5596, Ripple’s XRP rose to a late morning intraday high $0.63799.
Ripple’s XRP broke through the 23.6% FIB of $0.6274 before hitting reverse.
Falling short of the first major resistance level at $0.6750, however, Ripple’s XRP fell back to sub-$0.59 levels.
Finding late support, however, Ripple’s XRP moved back through to $0.61 levels before falling back into the deep red.
At the time of writing, Ripple’s XRP was up by 1.92% to $0.61731. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.60595 to a high $0.61851.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid a fall through the $0.6089 pivot level to support a run at the first major resistance level at $0.6348.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through the 23.6% FIB of $0.6274.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.70 before any pullback. The second major resistance sits at $0.6639.
Failure to avoid a fall through the $0.6089 pivot would bring the first major support level at $0.5797 into play.
Barring another extended crypto sell-off, Ripple’s XRP should steer well clear of the 38.2% FIB of $0.5285. The second major support level at $0.5538 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $0.5797
Pivot Level: $0.6089
First Major Resistance Level: $0.6348
23.6% FIB Retracement Level: $0.6274
38.2% FIB Retracement Level: $0.5285
62% FIB Retracement Level: $0.3687
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire
More From FXEMPIRE:
EOS, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – November 30th, 2020
Earnings to Watch Next Week: Zoom, Salesforce.com and Splunk in Focus
Couch Shoppers Expected to Make Cyber Monday Best Digital Shopping Day Ever
Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 28th, 2020
