Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 12th, 2021

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For the day ahead

Litecoin would need to move through the $255 pivot level to support a run at the first major resistance level at $261.

Support from the broader market would be needed, however, for Litecoin to break back through to $260 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $262.98 would likely cap any upside.

In the event of an extended rally, Litecoin could test the second major resistance level at $270.

Failure to move through the $255 pivot level would bring the first major support level at $246 into play.

Barring an extended sell-off, Litecoin should continue to steer well clear of the second major support level at $240.

Looking at the Technical Indicators

First Major Support Level: $246

Pivot Level: $255

First Major Resistance Level: $261

23.6% FIB Retracement Level: $207

38.2% FIB Retracement Level: $172

62% FIB Retracement Level: $116

Ripple’s XRP

Ripple’s XRP fell by 1.32% on Sunday. Following a 34.82% surge on Saturday, Ripple’s XRP ended the week up by 113.1% to $1.35243.

A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high and a new swing hi $1.49667.

Falling short of the first major resistance level at $1.5131, Ripple’s XRP slid to a mid-day intraday low $1.28937.

Steering clear of the first major support level at $1.1202, Ripple’s XRP revisited $1.41 levels before falling back into the red.

At the time of writing, Ripple’s XRP was down by 0.56% to $1.34483. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.36699 before falling to a low $1.34162.

Ripple’s XRP left the major support and resistance levels untested early on.

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