Home Ripple Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 17th, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 17th, 2021

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For the day forward

Litecoin would want to keep away from a fall by way of the $298 pivot stage to help a run on the first main resistance stage at $330.

Help from the broader market can be wanted, nevertheless, for Litecoin to interrupt out from Friday’s swing hello $319.94.

Barring an prolonged crypto rally, the primary main resistance stage would doubtless cap any upside.

Within the occasion of an prolonged rally, Litecoin may take a look at resistance at $350 earlier than any pullback. The second main resistance stage sits at $352.

Failure to keep away from a fall by way of the $298 pivot stage would convey the primary main help stage at $277 into play.

Barring an prolonged sell-off, Litecoin ought to keep away from the 23.6% FIB of $250. The second main help stage sits at $245.

Trying on the Technical Indicators

First Main Help Stage: $277

Pivot Stage: $298

First Main Resistance Stage: $330

23.6% FIB Retracement Stage: $250

38.2% FIB Retracement Stage: $207

62% FIB Retracement Stage: $138

Ripple’s XRP

Ripple’s XRP slid by 11.92% on Friday. Following on from a 4.17% decline on Thursday, Ripple’s XRP ended the day at $1.54981.

A blended begin to the day noticed Ripple’s XRP rise to an early morning intraday excessive $1.80892 earlier than hitting reverse.

Falling wanting the primary main resistance stage at $1.8777, Ripple’s XRP slid to a late morning intraday low $1.42051.

Ripple’s XRP fell by way of the primary main help stage at $1.6468 and the second main help stage at $1.5343.

Steering away from sub-$1.40 ranges, Ripple’s XRP revisited $1.75 ranges earlier than falling again into the deep purple.

The sell-off noticed Ripple’s XRP fall again by way of the primary main help stage to finish the day at sub-$1.60 ranges.

On the time of writing, Ripple’s XRP was up by 0.86% to $1.56312. A blended begin to the day noticed Ripple’s XRP fall to an early morning low $1.5390 earlier than rising to a excessive $1.56443.

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


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