Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 3rd, 2021

Ethereum

Ethereum rallied by 8.43% on Friday. Following on from a 2.52% gain on Thursday, Ethereum ended the day at $2,134.38.

A mixed start to the day saw Ethereum fall to an early morning intraday low $1,948.67 before making a move.

Steering clear of the first major support level at $1,909, Ethereum surged to a final hour intraday high and a new swing hi $2,145.0.

Ethereum broke through the day’s major resistance levels before easing back to sub-$2,140 levels.

The pullback saw Ethereum fall back through the third major resistance level at $2,138 to end the day at $2,134 levels.

At the time of writing, Ethereum was down by 0.91% to $2,115.35. A mixed start to the day saw Ethereum rise to an early morning high $2,139.33 before falling to a low $2,099.57.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $2,076 to support a run at the first major resistance level at $2,204.

Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $2,145.00.

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

In the event of a breakout, Ethereum could test resistance at $2,400 before any pullback. The second major resistance level sits at $2,273.

Failure to avoid a fall through the $2,076 pivot would bring the first major support level at $2,007 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $1,880.

Looking at the Technical Indicators

First Major Support Level: $2,007

Pivot Level: $2,076

First Major Resistance Level: $2,204

23.6% FIB Retracement Level: $1,659

38.2% FIB Retracement Level: $1,356

62% FIB Retracement Level: $869

Litecoin

Litecoin rose by 4.32% on Friday. Following on from a 2.93% gain on Thursday, Litecoin ended the day at $211.50.

A mixed start to the day saw Litecoin fall to an early morning intraday low $200.79 before making a move.

Steering clear of the first major support level at $196, Litecoin rallied to a final hour intraday high $213.56.

Litecoin broke through the first major resistance level at $207 and the second major resistance level at $211.

The second major resistance level at $211 delivered support late in the day, with Litecoin ending the day at $211 levels.

At the time of writing, Litecoin was up by 0.38% to $212.3. A mixed start to the day saw Litecoin fall to an early morning low $211.32 before rising to a high $214.71.

Litecoin left the major support and resistance levels untested early on.

For the day ahead

Litecoin would need to avoid a fall through the $209 pivot level to support another run at the first major resistance level at $216.

Support from the broader market would be needed, however, for Litecoin to break out from this morning’s high $214.71.

Barring an extended crypto rally, the first major resistance level and resistance at $220 would likely cap any upside.

In the event of an extended rally, Litecoin could test resistance at $230 before any pullback. The second major resistance level sits at $221.

Failure to avoid a fall through the $209 pivot level would bring the first major support level at $204 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$200 levels. The second major support level sits at $196.

Looking at the Technical Indicators

First Major Support Level: $204

Pivot Level: $209

First Major Resistance Level: $216

23.6% FIB Retracement Level: $195

38.2% FIB Retracement Level: $163

62% FIB Retracement Level: $110

Ripple’s XRP

Ripple’s XRP rallied by 6.00% on Friday. Following a 0.04% decline on Thursday, Ripple’s XRP ended the day at $0.60649.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.56434 before making a move.

Steering clear of the first major support level at $0.5478, Ripple’s XRP rallied to a late afternoon intraday high $0.60877.

Ripple’s XRP broke through the first major resistance level at $0.5932 before falling back to sub-$0.59 levels.

Finding late support, however, Ripple’s XRP broke back through the first major resistance level to end the day at $0.60 levels.

At the time of writing, Ripple’s XRP was up by 0.93% to $0.61212. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.60676 before rising to a high $0.62079.

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

For the day ahead

Ripple’s XRP will need to avoid a fall through the $0.5932 pivot level to bring the first major resistance level at $0.6221 back into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from this morning’s high $0.62079.

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

In the event of an extended rally, Ripple’s XRP could test resistance at $0.65 levels before any pullback. The second major resistance level sits at $0.6376.

Failure to avoid a fall through the $0.5932 pivot would bring the first major support level at $0.5776 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.55 levels. The second major support level sits at $0.5488.

Looking at the Technical Indicators

First Major Support Level: $0.5776

Pivot Level: $0.5932

First Major resistance Level: $0.6221

23.6% FIB Retracement Level: $0.5320

38.2% FIB Retracement Level: $0.4632

62% FIB Retracement Level: $0.3521

Please let us know what you think in the comments below.

Thanks, Bob