Home Litecoin Ethereum, Litecoin, and Ripple's XRP – Daily Tech Analysis – April 1st, 2021 – FX Empire

Ethereum, Litecoin, and Ripple's XRP – Daily Tech Analysis – April 1st, 2021 – FX Empire

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For the day forward

Litecoin would want to keep away from a fall via the 23.6% FIB and the $194 pivot degree to assist a run on the first main resistance degree at $202.

Help from the broader market can be wanted, nevertheless, for Litecoin to interrupt out from $200 ranges.

Barring an prolonged crypto rally, the primary main resistance degree would probably cap any upside.

Within the occasion of an prolonged rally, Litecoin might check resistance at $210 earlier than any pullback. The second main resistance degree sits at $206.

Failure to keep away from a fall via the 23.6% FIB of $195 and the $194 pivot degree would deliver the primary main assist degree at $190 into play.

Barring an prolonged sell-off, Litecoin ought to avoid sub-$180 ranges. The second main assist degree at $183 ought to restrict the draw back.

Wanting on the Technical Indicators

First Main Help Degree: $190

Pivot Degree: $194

First Main Resistance Degree: $202

23.6% FIB Retracement Degree: $195

38.2% FIB Retracement Degree: $163

62% FIB Retracement Degree: $110

Ripple’s XRP

Ripple’s XRP rose by 1.14% on Wednesday. Reversing a 0.46% loss from Tuesday, Ripple’s XRP ended the day at $0.56954.

A blended begin to the day noticed Ripple’s XRP fall to an early morning intraday low $0.5290 earlier than making a transfer.

Ripple’s XRP fell via the primary main assist degree at $0.5532 and the second main assist degree at $0.5429.

Extra considerably, Ripple’s XRP additionally fell via the 23.6% FIB of $0.5320 earlier than rallying to a late intraday excessive $0.58000.

Ripple’s XRP broke again via the assist ranges and the 23.6% FIB earlier than sliding again to sub-$0.57 ranges.

The primary main resistance degree at $0.5798 pinned Ripple’s XRP late within the day.

On the time of writing, Ripple’s XRP was down by 0.41% to $0.56718.  A blended begin to the day noticed Ripple’s XRP rise to an early morning excessive $0.57342 earlier than falling to a low $0.56472.

Ripple’s XRP left the key assist and resistance ranges untested early on.

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