Home Cryptocurrency News Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 2nd, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 2nd, 2021

3 min read
0
59

For the day forward

Litecoin would want to keep away from a fall by the $201 pivot degree to help a run on the first main resistance degree at $207.

Help from the broader market can be wanted, nevertheless, for Litecoin to interrupt out from Thursday’s excessive $204.95.

Barring an prolonged crypto rally, the primary main resistance degree and resistance at $210 would possible cap any upside.

Within the occasion of an prolonged rally, Litecoin may take a look at resistance at $220 earlier than any pullback. The second main resistance degree sits at $211.

Failure to keep away from a fall by the $201 pivot degree would deliver the primary main help degree at $196 and the 23.6% FIB of $195 into play.

Barring an prolonged sell-off, Litecoin ought to keep away from sub-$190 ranges. The second main help degree at $190 ought to restrict the draw back.

Wanting on the Technical Indicators

First Main Help Degree: $196

Pivot Degree: $201

First Main Resistance Degree: $207

23.6% FIB Retracement Degree: $195

38.2% FIB Retracement Degree: $163

62% FIB Retracement Degree: $110

Ripple’s XRP

Ripple’s XRP slipped by 0.04% on Thursday. Partially reversing a 1.14% achieve from Wednesday, Ripple’s XRP ended the day at $0.57008.

A bullish begin to the day noticed Ripple’s XRP rally to an early morning intraday excessive $0.59411 earlier than hitting reverse.

Ripple’s XRP broke by the primary main resistance degree at $0.5900 earlier than sliding to an early afternoon intraday low $0.54864.

Steering away from the primary main help degree at $0.5390, Ripple’s XRP recovered to $0.57 ranges to restrict the draw back.

On the time of writing, Ripple’s XRP was down by 0.27% to $0.56856. A blended begin to the day noticed Ripple’s XRP rise to an early morning excessive $0.57270 earlier than falling to a low $0.56828.

Ripple’s XRP left the foremost help and resistance ranges untested early on.


Source link

Leave a Reply

Your email address will not be published.

Check Also

Goldman Sachs to Offer Ethereum Futures and Options

Goldman Sachs is planning to supply futures and choices contracts for Ethereum (ETH), in r…