Bitcoin
$23,165.28
+185.09
(+0.81%)
Ethereum
$1,674.44
+33.75
(+2.06%)
Ripple
$0.40
0
(+1.24%)
Litecoin
$101.49
+2
(+2.01%)
EOS
$1.11
+0.03
(+2.41%)
Cardano
$0.40
+0.01
(+2.5%)
Stellar
$0.09
0
(+1.77%)
NEO
$9.12
+0.21
(+2.4%)
NEM
$0.04
0
(+3.62%)
DigitalCash
$65.19
+1.72
(+2.71%)
Tether
$1.00
0
(0%)
Binance Coin
$331.29
+1.28
(+0.39%)
QTUM
$2.95
+0.1
(+3.51%)
Verge
$0.00
0
(+3.75%)
Ontology
$0.24
+0.01
(+3.72%)
ZCash
$46.65
+1.08
(+2.37%)
Steem
$0.23
-0
(-1.05%)

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 1st, 2021

0


Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP

Ethereum

Ethereum rallied by 4.16% on Tuesday. Following a 3.51% gain on Monday, Ethereum ended the day at $4,635.

A mixed morning saw Ethereum fall to a late morning intraday low $4,351 before making a move. Steering clear of the first major support level at $4,332, Ethereum rallied to an early afternoon intraday high $4,759.

Ethereum broke through the first major resistance level at $4,516 and the second major resistance level at $4,583. Coming up against the third major resistance level at $4,767, however, Ethereum eased back to end the day at sub-$4,700 levels.

At the time of writing, Ethereum was up by 0.72% to $4,668. A mixed start to the day saw Ethereum fall to an early morning low $4,606 before rising to a high $4,671.

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

For the day ahead

Ethereum would need to avoid the $4,582 pivot to bring the first major resistance level at $4,812 into play.

Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $4,759. Barring an extended crypto rally, the first major resistance level and ATH $4,868 would likely cap the upside.

In the event of a broad-based crypto rally, Ethereum could test resistance at $5,000 levels before any pullback. The second major resistance level sits at $4,990.

A fall through the $4,582 pivot would bring the first major support level at $4,404 into play. Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,300 levels. The second major support level sits at $4,173.

Looking at the Technical Indicators

First Major Support Level: $4,404

Pivot Level: $4,582

First Major Resistance Level: $4,812

23.6% FIB Retracement Level: $3,738

38.2% FIB Retracement Level: $3,039

62% FIB Retracement Level: $1,909

Litecoin

Litecoin rose by 1.05% on Tuesday. Following a 3.06% gain on Monday, Litecoin ended the day at $207.97.

Tracking the broader market, Litecoin fell to a mid-morning intraday low $197.7 before making a move.

Finding support at the first major support level at $198, Litecoin rallied to a mid-afternoon intraday high $220.2. Litecoin broke through the first major resistance level at $212 and the second major resistance level at $218. before easing back to end the day at sub-$210 levels.

At the time of writing, Litecoin was was up by 0.35% to $208.7. A mixed start to the day saw Litecoin fall to an early morning low $206.7 before rising to a high $208.8.

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

For the day ahead

Litecoin would need to move through the $209 pivot to bring the first major resistance level at $220 and the 38.2% FIB of $223 into play. Support from the broader market would be needed, however, for Litecoin to break out from $215 levels.

Barring an extended crypto rally, the 38.2% FIB would likely cap the upside.

In the event of an extended rally, Litecoin could test resistance $230 levels before any pullback. The second major resistance level sits at $231.

Failure to move through the $209 pivot would bring the first major support level at $197 into play. Barring an extended sell-off, Litecoin should steer clear of sub-$190 levels. The second major support level sits at $186.

Looking at the Technical Indicators

First Major Support Level: $197

Pivot Level: $209

First Major Resistance Level: $220

23.6% FIB Retracement Level: $178

38.2% FIB Retracement Level: $223

62% FIB Retracement Level: $296

Ripple’s XRP

Ripple’s XRP rose by 0.86% on Tuesday. Following a 2.20% gain on Monday, Ripple’s XRP ended the day at $0.99958.

A mixed morning saw Ripple’s XRP fall to a late morning intraday low $0.9714 before making a move.

Steering clear of the first major support level at $0.9698, Ripple’s XRP rallied to an early afternoon intraday high $1.0299. Ripple’s XRP broke through the first major resistance level at $1.0071 and the second major resistance level at $1.0231.

A late pullback, however, saw Ripple’s XRP fall back to end the day at sub-$1.00 levels. The first major resistance level at $1.0071 pegged Ripple’s XRP back late in the day.

At the time of writing, Ripple’s XRP was up by 0.41% to $1.0037. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.9943 before rising to a high $1.0037.

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

For the day ahead

Ripple’s XRP would need to avoid a fall back through the $1.0003 pivot to bring the first major resistance level at $1.0292 into play.

Support would be needed, however, for Ripple’s XRP to break back through to $1.02 levels.. Barring an extended crypto rally, the first major resistance level and Tuesday’s high $1.0299 would likely cap the upside.

In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at the 38.2% FIB of $1.0659 before any pullback. The second major resistance level sits at $1.0588.

A fall back through the $1.003 pivot would bring first major support level at $0.9707 into play. Barring an extended sell-off, however, Ripple’s XRP should avoid the second major support level at $0.9417.

Looking at the Technical Indicators

First Major Support Level: $0.9707

Pivot Level: $1.003

First Major resistance Level: $1.0292

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

This article was originally posted on FX Empire

More From FXEMPIRE:



Read More: Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – December 1st, 2021

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 650

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Deprecated: strripos(): Non-string needles will be interpreted as strings in the future. Use an explicit chr() call to preserve the current behavior in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 659

Notice: Undefined variable: ub in /home/c83w5hz05vw6/public_html/searchcryptonews.com/wp-content/plugins/elements-web-tracker-for-wordpress-W26ADT3-fkYtpIKq-03-15/diframework/ditools.php on line 674

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.