Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 14th, 2021

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For the day ahead

Litecoin would need to avoid a fall through the $262 pivot level to support a run at the first major resistance level at $279.

Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s new swing hi $273.30.

Barring an extended crypto rally, the first major resistance level and resistance at $280 would likely cap any upside.

In the event of an extended rally, Litecoin could test resistance at $300 before any pullback. The second major resistance level sits at $291.

Failure to avoid a fall through the $262 pivot level would bring the first major support level at $250 into play.

Barring an extended sell-off, Litecoin should continue to steer well clear of the second major support level at $233.

Looking at the Technical Indicators

First Major Support Level: $250

Pivot Level: $262

First Major Resistance Level: $279

23.6% FIB Retracement Level: $215

38.2% FIB Retracement Level: $179

62% FIB Retracement Level: $120

Ripple’s XRP

Ripple’s XRP jumped by 22.24% on Tuesday. Following on from an 8.71% rally on Monday, Ripple’s XRP ended the day at $1.79583.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.41863 before making a move.

Steering clear of the first major support level at $1.3651, Ripple’s XRP rallied to a late intraday high and a new swing hi $1.88933.

Ripple’s XRP broke through the day’s major resistance levels before easing back to sub-$1.80 levels.

Ripple’s XRP briefly fell back through the third major resistance level at $1.7385 before wrapping up the day at $1.79 levels.

At the time of writing, Ripple’s XRP was up by 1.14% to $1.81628. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.7845 before rising to a high $1.8438.

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

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