Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 6th, 2021

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For the day ahead

Litecoin would need to avoid a fall through the $215 pivot level to support a run at the first major resistance level at $232.

Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $225.00.

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

In the event of an extended rally, Litecoin could test resistance at $250 before any pullback. The second major resistance level sits at $242.

Failure to avoid a fall through the $215 pivot level would bring the first major support level at $205 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$190 levels and the second major support level at $188.

The 23.6% FIB of $195 would likely limit the downside.

Looking at the Technical Indicators

First Major Support Level: $205

Pivot Level: $215

First Major Resistance Level: $232

23.6% FIB Retracement Level: $195

38.2% FIB Retracement Level: $163

62% FIB Retracement Level: $110

Ripple’s XRP

Ripple’s XRP surged by 44.06% on Monday. Following on from a 9.69% rally on Sunday, Ripple’s XRP ended the day at $0.91431.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.62015 before making a move.

Steering clear of the first major support level at $0.5896, Ripple’s XRP surged to a late intraday high and a new swing hi $0.93953.

Ripple’s XRP broke through the day’s major resistance levels to wrap up the day at $0.91 levels for the first time since 2018.

At the time of writing, Ripple’s XRP was down by 0.13% to $0.91312. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.94396 before falling to a low $0.90712.

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

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