Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 30th, 2021

Ethereum

Ethereum rallied by 7.64% on Monday. Reversing a 1.58% fall from Sunday, Ethereum ended the day at $1,815.73.

A mixed start to the day saw Ethereum fall to an early morning intraday low $1,675.28 before making a move.

Steering clear of the first major support level at $1,657, Ethereum rallied to a late afternoon intraday high $1,841.88.

Ethereum broke through the day’s major resistance levels before easing back.

The pullback saw Ethereum fall back through the third major resistance level at $1,819 to sub-$1,810 before ending the day at $1,815 levels.

At the time of writing, Ethereum was up by 0.45% To $1,823.97. A bullish start to the day saw Ethereum rise from an early morning low $1,815.72 to a high $1,826.49.

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 $1,778 to support a run at the first major resistance level at $1,880.

Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $1,841.88.

Barring an extended crypto rally, the first major resistance level and resistance at $1,900 would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at $2,000 before any pullback. The second major resistance level sits at $1,944.

Failure to avoid a fall through the $1,778 pivot would bring the first major support level at $1,713 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,700 levels. The second major support level sits at $1,611.

Looking at the Technical Indicators

First Major Support Level: $1,713

Pivot Level: $1,778

First Major Resistance Level: $1,880

23.6% FIB Retracement Level: $1,579

38.2% FIB Retracement Level: $1,292

62% FIB Retracement Level: $830

Litecoin

Litecoin rallied by 5.11% on Monday. Following on from a 0.09% gain on Sunday, Litecoin ended the day at $193.66.

A mixed start to the day saw Litecoin fall to an early morning intraday low $182.28 before making a move.

Steering clear of the first major support level at $180, Litecoin rallied to a late afternoon intraday high $197.54.

Litecoin broke through the first major resistance level at $188 and the second major resistance level at $191.

More significantly, Litecoin also broke through the 23.6% FIB of $195.

Falling short of the third major resistance level at $199, Litecoin fell back through the 23.6% FIB to end the day at sub-$194 levels.

At the time of writing, Litecoin was up by 0.30% to $194.25. A mixed start to the day saw Litecoin fall to an early morning low $193.55 before rising to a high $194.30.

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

For the day ahead

Litecoin would need to avoid a fall through the $191 pivot level to support a run at the 23.6% FIB of $195 and the first major resistance level at $200.

Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $197.54.

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 $215 before any pullback. The second major resistance level sits at $206.

Failure to avoid a fall through the $191 pivot level would bring the first major support level at $185 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$180 levels. The second major support level sits at $176.

Looking at the Technical Indicators

First Major Support Level: $185

Pivot Level: $191

First Major Resistance Level: $200

23.6% FIB Retracement Level: $195

38.2% FIB Retracement Level: $163

62% FIB Retracement Level: $110

Ripple’s XRP

Ripple’s XRP rose by 3.41% on Monday. Following on from a 0.05% rise on Sunday, Ripple’s XRP ended the day at $0.056522.

Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.54341 before making a move.

Steering clear of the first major support level at $0.5384, Ripple’s XRP rallied to a late afternoon intraday high $0.57088.

Ripple’s XRP broke through the first major resistance level at $0.5584 and the second major resistance level at $0.5692.

Falling short of $0.58 levels, Ripple’s XRP fell back through the second major resistance level to end the day at $0.565 levels.

At the time of writing, Ripple’s XRP was down by 0.17% to $0.56427. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.56606 before falling to a low $0.56380.

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 $0.5598 pivot level to bring the first major resistance level at $0.5763 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.57088.

Barring an extended crypto rally, the first major resistance level and resistance at $0.58 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at $0.60 levels before any pullback. The second major resistance level sits at $0.5873.

Failure to avoid a fall through the $0.5598 pivot would bring the first major support level at $0.5488 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.5324 and the 23.6% FIB of $0.5320.

Looking at the Technical Indicators

First Major Support Level: $0.5488

Pivot Level: $0.5598

First Major resistance Level: $0.5763

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