Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 2nd, 2021

For the day ahead

Litecoin would need to avoid a fall through the $201 pivot level to support a run at the first major resistance level at $207.

Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $204.95.

Barring an extended crypto rally, the first major resistance level and resistance at $210 would likely cap any upside.

In the event of an extended rally, Litecoin could test resistance at $220 before any pullback. The second major resistance level sits at $211.

Failure to avoid a fall through the $201 pivot level would bring the first major support level at $196 and the 23.6% FIB of $195 into play.

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

Looking at the Technical Indicators

First Major Support Level: $196

Pivot Level: $201

First Major Resistance Level: $207

23.6% FIB Retracement Level: $195

38.2% FIB Retracement Level: $163

62% FIB Retracement Level: $110

Ripple’s XRP

Ripple’s XRP slipped by 0.04% on Thursday. Partially reversing a 1.14% gain from Wednesday, Ripple’s XRP ended the day at $0.57008.

A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $0.59411 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.5900 before sliding to an early afternoon intraday low $0.54864.

Steering clear of the first major support level at $0.5390, Ripple’s XRP recovered to $0.57 levels to limit the downside.

At the time of writing, Ripple’s XRP was down by 0.27% to $0.56856. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.57270 before falling to a low $0.56828.

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