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

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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.


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