DAILY NOTION: Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 19th, 2020

Ethereum

Ethereum fell by 0.79% on Wednesday. Partially reversing a 4.73% rally from Tuesday, Ethereum ended the day at $478.96.

It was a bullish start to the day. Ethereum rallied to an early morning intraday high $495.68 before hitting reverse.

Ethereum broke through the first major resistance level at $491.77 before sliding to a mid-morning intraday low $456.5.

Ethereum would need to move back through the pivot level at $477.05 to support a run at the first major resistance level at $497.59.

Support from the broader market would be needed, however, for Ethereum to break back through to $490 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $495.68 would likely cap any upside.

Litecoin

Litecoin slid by 3.78% on Wednesday. Reversing a 3.51% rally from Tuesday, Litecoin ended the day at $73.48.

It was a bearish start to the day. Litecoin slid from an early morning intraday high $77.17 to a mid-morning intraday low $68.34.

Litecoin would need to avoid a fall back through the $73.00 pivot to support a run at the first major resistance level at $77.66.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $77.18.

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

Ripple's XRP

Ripple’s XRP slid by 3.01% on Wednesday. Partially reversing a 5.08% gain from Tuesday, Ripple’s XRP ended the day at $0.29366.

It was a mixed start to the day. Ripple’s XRP rose to an early morning intraday high $0.30820 before hitting reverse.

Falling short of the first major resistance level at $0.3096, Ripple’s XRP slid to a mid-morning intraday low $0.28049.

Ripple’s XRP will need to move back through the $0.2941 pivot level to support a run at the first major resistance level at $0.3077.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.30 levels.

Barring an extended crypto rally, the first major resistance level Wednesday’s high $0.30820 would likely cap any upside.

Read more from the original article:

https://www.fxempire.com/forec...