{"id":1118,"date":"2021-12-08T08:54:10","date_gmt":"2021-12-08T08:54:10","guid":{"rendered":"http:\/\/egrowonline.com\/?p=1118"},"modified":"2021-12-08T08:54:10","modified_gmt":"2021-12-08T08:54:10","slug":"ethereum-litecoin-and-ripples-xrp-a-bearish-tuesday-to-test-support-8th-december-2021","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=1118","title":{"rendered":"Ethereum, Litecoin, and Ripple\u2019s XRP \u2013 A Bearish Tuesday to Test Support \u2013 8th December 2021"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>This is the technical analysis for Ethereum, Litecoin, and Ripple\u2019s XRP. We will be looking at previous day price action and today\u2019s support, resistance, and pivot levels and, when in play, the Fibonacci\u2019s.<\/p>\n<h2>Ethereum<\/h2>\n<p><a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/eth\" rel=\"nofollow noopener\" data-ylk=\"slk:Ethereum\" class=\"link rapid-noclick-resp\">Ethereum<\/a> fell by 1.01% on Tuesday. Partially reversing a 3.59% gain from Monday, Ethereum ended the day at $4,310.<\/p>\n<p>A mixed start to the day saw Ethereum rise to a late morning intraday high $4,434 before hitting reverse. Falling well short of the first major resistance level at $4,519, Ethereum slid to a late intraday low $4,261.<\/p>\n<p>Steering clear of the first major support level at $4,051, however, Ethereum found support to wrap up the day at $4,310 levels.<\/p>\n<p>At the time of writing, Ethereum was down by 0.44% to $4,291. A mixed start to the day saw Ethereum rise to an early morning high $4,318 before falling to a low $4,291.<\/p>\n<p>Ethereum left the major support and resistance levels untested early on.<\/p>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 365px\">\n<div>\n<div class=\"caas-img-container caas-img-loader\" style=\"padding-bottom:46%;\"><img decoding=\"async\" class=\"caas-img caas-lazy has-preview\" alt=\"\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/oXEZIdnvge6HJKtdpN8YEA--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQzOA--\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/iprTkoXxOrPTLkPWfafxag--~B\/aD0zNjU7dz04MDA7YXBwaWQ9eXRhY2h5b24-\/https:\/\/media.zenfs.com\/en\/fx_empire_176\/8929eaed028ddac25acc5f6b6c93ee4b\"\/><noscript><img decoding=\"async\" alt=\"\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/oXEZIdnvge6HJKtdpN8YEA--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQzOA--\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/iprTkoXxOrPTLkPWfafxag--~B\/aD0zNjU7dz04MDA7YXBwaWQ9eXRhY2h5b24-\/https:\/\/media.zenfs.com\/en\/fx_empire_176\/8929eaed028ddac25acc5f6b6c93ee4b\" class=\"caas-img\"\/><\/noscript><\/div>\n<\/div>\n<\/div>\n<\/figure>\n<h3>For the day ahead<\/h3>\n<p>Ethereum would need to move through the $4,335 pivot to bring the first major resistance level at $4,410 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,400 levels. Barring an extended rally, the first major resistance level and Tuesday\u2019s high $4,434 should limit the upside.<\/p>\n<p>In the event of a broad-based crypto rally, Ethereum could test resistance at the $4,600 levels before any pullback. The second major resistance level sits at $4,508.<\/p>\n<p>Failure to move through the $4,335 pivot would bring the first major support level at $4,236 into play. Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,000 levels. The second major support level at $4,163 should limit the downside.<\/p>\n<h3>Looking at the Technical Indicators<\/h3>\n<p>First Major Support Level: $4,236<\/p>\n<p>Pivot Level: $4,335<\/p>\n<p>First Major Resistance Level: $4,410<\/p>\n<p>23.6% FIB Retracement Level: $3,738<\/p>\n<p>38.2% FIB Retracement Level: $3,039<\/p>\n<p>62% FIB Retracement Level: $1,909<\/p>\n<h2>Litecoin<\/h2>\n<p><a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/ltc\" rel=\"nofollow noopener\" data-ylk=\"slk:Litecoin\" class=\"link rapid-noclick-resp\">Litecoin<\/a> rose by 0.24% on Tuesday. Following a 3.20% rally on Monday, Litecoin ended the day at $162.03.<\/p>\n<p><button class=\"link rapid-noclick-resp caas-button collapse-button\" aria-label=\"\" title=\"\" data-ylk=\"elm:readmore;slk:Story continues\">Story continues<\/button><\/p>\n<p>A bearish start to the day saw Litecoin fall to a mid-morning intraday low $158.30 before making a move. Steering clear of the first major support level at $148, however, Litecoin rallied to a midday intraday high $166.00.<\/p>\n<p>Falling short of the first major resistance level at $170, however, Litecoin eased back to end the day at 162 levels.<\/p>\n<p>At the time of writing, Litecoin was down by 0.38% to $161.42. A mixed start to the day saw Litecoin rise to an early morning high $162.19 before falling to a low $160.14.<\/p>\n<p>Litecoin left the major support and resistance levels untested early on.<\/p>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 362px\">\n<div>\n<div class=\"caas-img-container caas-img-loader\" style=\"padding-bottom:45%;\"><img decoding=\"async\" class=\"caas-img caas-lazy has-preview\" alt=\"\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/0K_Yi17wl0ydVjZYHYDJcA--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQzNA--\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/cKUIy10SAiae0Vt37vBLog--~B\/aD0zNjI7dz04MDA7YXBwaWQ9eXRhY2h5b24-\/https:\/\/media.zenfs.com\/en\/fx_empire_176\/b53a19ac05b28ed1f948a215045a6007\"\/><noscript><img decoding=\"async\" alt=\"\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/0K_Yi17wl0ydVjZYHYDJcA--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQzNA--\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/cKUIy10SAiae0Vt37vBLog--~B\/aD0zNjI7dz04MDA7YXBwaWQ9eXRhY2h5b24-\/https:\/\/media.zenfs.com\/en\/fx_empire_176\/b53a19ac05b28ed1f948a215045a6007\" class=\"caas-img\"\/><\/noscript><\/div>\n<\/div>\n<\/div>\n<\/figure>\n<h3>For the day ahead<\/h3>\n<p>Litecoin would need to move through the $162 pivot to bring the first major resistance level at $166 into play. Support from the broader market would be needed, however, for Litecoin to break out from $165 levels.<\/p>\n<p>Barring an extended crypto rally, the first major resistance level and Tuesday\u2019s high $166.00 would likely cap the upside. In the event of an extended rally, Litecoin could test resistance at the second major resistance level at $170 before any pullback.<\/p>\n<p>Failure to move through the $162 pivot would bring the first major support level at $158 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$150 levels. The second major support level at $155 should limit the downside.<\/p>\n<h2>Looking at the Technical Indicators<\/h2>\n<p>First Major Support Level: $158<\/p>\n<p>Pivot Level: $162<\/p>\n<p>First Major Resistance Level: $166<\/p>\n<p>23.6% FIB Retracement Level: $178<\/p>\n<p>38.2% FIB Retracement Level: $223<\/p>\n<p>62% FIB Retracement Level: $296<\/p>\n<h2>Ripple\u2019s XRP<\/h2>\n<p><a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/xrp\" rel=\"nofollow noopener\" data-ylk=\"slk:Ripple\u2019s XRP\" class=\"link rapid-noclick-resp\">Ripple\u2019s XRP<\/a> fell by 1.26% on Tuesday. Partially reversing a 2.84% gain from Monday, Ripple\u2019s XRP ended the day at $0.81699.<\/p>\n<p>A mixed morning saw Ripple\u2019s XRP rise to an early morning intraday high $0.84587 before hitting reverse. Falling short of the 23.6% FIB of $0.8533 and the first major resistance level at $0.8563, Ripple\u2019s XRP slid to a late intraday low $0.80431.<\/p>\n<p>Steering clear of the first major support level at $0.7757, however, Ripple\u2019s XRP moved back through to $0.81 levels to reduce the deficit.<\/p>\n<p>At the time of writing, Ripple\u2019s XRP was down by 0.40% to $0.81369. A bearish start to the day saw Ripple\u2019s XRP fall from an early morning high $0.81651 to a low $0.80549.<\/p>\n<p>Ripple\u2019s XRP left the major support and resistance levels untested early on.<\/p>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 361px\">\n<div>\n<div class=\"caas-img-container caas-img-loader\" style=\"padding-bottom:45%;\"><img decoding=\"async\" class=\"caas-img caas-lazy has-preview\" alt=\"\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/CjJIx5oOv0.uel9_KTky5g--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQzMw--\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/SfsWzEaH0qUYgmHkF2SF3w--~B\/aD0zNjE7dz04MDA7YXBwaWQ9eXRhY2h5b24-\/https:\/\/media.zenfs.com\/en\/fx_empire_176\/3d6ece2e594819781e8cbb280ab95f3b\"\/><noscript><img decoding=\"async\" alt=\"\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/CjJIx5oOv0.uel9_KTky5g--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQzMw--\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/SfsWzEaH0qUYgmHkF2SF3w--~B\/aD0zNjE7dz04MDA7YXBwaWQ9eXRhY2h5b24-\/https:\/\/media.zenfs.com\/en\/fx_empire_176\/3d6ece2e594819781e8cbb280ab95f3b\" class=\"caas-img\"\/><\/noscript><\/div>\n<\/div>\n<\/div>\n<\/figure>\n<h3>For the day ahead<\/h3>\n<p>Ripple\u2019s XRP would need to move through the $0.8224 pivot to bring the first major resistance level at $0.8405 into play.<\/p>\n<p>Support would be needed, however, for Ripple\u2019s XRP to break back through to $0.83 levels. Barring an extended crypto rally, the first major resistance level and Tuesday\u2019s high $0.84587 would likely cap the upside.<\/p>\n<p>In the event of a broad-based crypto rally, Ripple\u2019s XRP could test the 23.6% FIB of $0.8533 before any pullback. The second major resistance level sits at $0.8640.<\/p>\n<p>Failure to move through the $0.8224 pivot would bring first major support level at $0.7989 into play. Barring another extended sell-off, however, Ripple\u2019s XRP should avoid the second major support level at $0.7808.<\/p>\n<h3>Looking at the Technical Indicators<\/h3>\n<p>First Major Support Level: $0.7989<\/p>\n<p>Pivot Level: $0.8224<\/p>\n<p>First Major resistance Level: $0.8405<\/p>\n<p>23.6% FIB Retracement Level: $0.8533<\/p>\n<p>38.2% FIB Retracement Level: $1.0659<\/p>\n<p>62% FIB Retracement Level: $1.4096<\/p>\n<h2><span>Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple\u2019s XRP<\/span><\/h2>\n<p>This <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/forecasts\/article\/ethereum-litecoin-and-ripples-xrp-a-bearish-tuesday-to-test-support-8th-december-2021-833309\" rel=\"nofollow noopener\" data-ylk=\"slk:article\" class=\"link rapid-noclick-resp\">article<\/a> was originally posted on FX Empire<\/p>\n<h3>More From FXEMPIRE:<\/h3>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/news\/ethereum-litecoin-ripple-xrp-bearish-002338423.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the technical analysis for Ethereum, Litecoin, and Ripple\u2019s XRP. We will be looking at previous day price action and today\u2019s support, resistance, and pivot levels and, when in play, the Fibonacci\u2019s. Ethereum Ethereum fell by 1.01% on Tuesday. Partially reversing a 3.59% gain from Monday, Ethereum ended the day at $4,310. A mixed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[1149,1147,806,158,199,57,216,1148,1087,58],"class_list":["post-1118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-8th","tag-bearish","tag-december","tag-ethereum","tag-litecoin","tag-ripples","tag-support","tag-test","tag-tuesday","tag-xrp"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/12\/eb8089fdc4e4d771ba3f9740a1f864ba.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/1118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1118"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/1118\/revisions"}],"predecessor-version":[{"id":1120,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/1118\/revisions\/1120"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/1119"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1118"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}