Ethereum price Today – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 5th, 2021
For the day ahead
Litecoin would need to avoid a fall through the $200 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 Sunday’s high $204.74.
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 $213.
Failure to avoid a fall through the $200 pivot level would bring the first major support level at $195 and the 23.6% FIB of $195 into play.
Barring an extended sell-off, Litecoin should steer clear of the second major support level at $187.
Looking at the Technical Indicators
First Major Support Level: $195
Pivot Level: $200
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 rallied by 9.69% on Sunday. Reversing a 4.53% fall from Saturday, Ripple’s XRP ended the week up by 16.11% to $0.63465.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.56743 before making a move.
Steering clear of the first major support level at $0.5550, Ripple’s XRP rallied to a final hour intraday high $0.63534.
Ripple’s XRP broke through the first major resistance level at $0.6230 to wrap up the day at $0.635 levels.
At the time of writing, Ripple’s XRP was down by 0.63% to $0.63063. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.63750 before falling to a low $0.63011.
Ripple’s XRP left the major support and resistance levels untested early on.