Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 15th, 2021

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For the day ahead

Litecoin would need to avoid a fall through the $273 pivot level to support a run at the first major resistance level at $289.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s swing hi $283.20.

Barring an extended crypto rally, the first major resistance level and resistance at $290 would likely cap any upside.

In the event of an extended rally, Litecoin could test the second major resistance level at $300.

Failure to avoid a fall through the $273 pivot level would bring the first major support level at $262 into play.

Barring an extended sell-off, Litecoin should steer well clear of the second major support level at $245.

Looking at the Technical Indicators

First Major Support Level: $262

Pivot Level: $273

First Major Resistance Level: $289

23.6% FIB Retracement Level: $222

38.2% FIB Retracement Level: $185

62% FIB Retracement Level: $124

Ripple’s XRP

Ripple’s XRP rose by 2.30% on Wednesday. Following on from a 22.24% jump on Tuesday, Ripple’s XRP ended the day at $1.83817.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high and a new swing hi $1.96598 before hitting reverse.

Falling short of the first major resistance level at $1.9839, Ripple’s XRP slid to an early afternoon intraday low $1.5454.

Steering clear of the first major support level at $1.5132, Ripple’s XRP recovered to end the day at $1.83 levels.

At the time of writing, Ripple’s XRP was down by 0.84% to $1.82281. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.88353 before falling to a low $1.82230.

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

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