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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 10th, 2021

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 10th, 2021
Written by publisher team

Ethereum

Ethereum stock is down 0.73% on Friday. Ethereum partially reversed the 5.93% gain from Thursday, ending the day at $2,066.03.

A mixed start to the day saw Ethereum climb to an intraday high late in the morning $2100.00 before bouncing back in the opposite direction.

Not reaching the first major resistance level at $2,127, Ethereum dropped to an afternoon low at $2,048.41.

Moving away from the first major support level at $1,992, Ethereum found support to end the day at $2,060 levels.

At the time of writing, Ethereum is down 0.16% to $2,062.72. A mixed start to the day saw Ethereum rise to an early morning high of $2,067.66 before dropping to $2,060.00.

Ethereum left key support and resistance levels untested early on.

for the next day

Ethereum will need to move through the $2,072 pivot level to support a run at the first major resistance level at $2,095.

Support from the broader market will be needed, however, for Ethereum to break back into the $2,090 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high of $2,100 are likely to cap an upside move.

In the event of a breakout, Ethereum could test the $2,150 resistance before any pullback. The second major resistance level is located at $2,123.

A failure to move across the $2,072 pivot will trigger the activation of the first major support level at $2,043.

However, barring an extended sell-off, Ethereum should move away from the sub-$2000 levels. The second major support level at $2,020 should limit the downside.

Looking at technical indicators

First Major Support Level: $2,043

Pivot Level: $2,072

First major resistance level: $2,095

23.6% Fib Retracement Level: $1,662

38.2% Fib Retracement Level: $1360

62% Fib Retracement Level: $872

Litecoin

Litecoin is down 2.25% on Friday. Litecoin reversed most of its 3.21% gain from Thursday, ending the day at $221.07.

A bullish start to the day saw Litecoin climb to an early morning intraday high of $228.96 before bouncing back in the opposite direction.

Not reaching the first major resistance level at $231, Litecoin dropped to an intraday low at $218.84.

Litecoin fell through the first major support level at $220 before returning to the $221 levels.

At the time of writing, Litecoin is down 0.19% to $220.64. A mixed start to the day saw Litecoin surge to an early morning high of $221.47 before dropping to $220.57.

Litecoin left key support and resistance levels untested early on.

for the next day

Litecoin will need to move through the $223 pivot level to support the breakout at the first major resistance level at $227.

Support from the broader market will be needed, however, for Litecoin to break out of the $225 levels.

Excluding an extended crypto rally, the first major resistance level and Friday high at $228.96 are likely to be capped for any upside move.

In the event of an extended rally, Litecoin could test the $240 resistance before any pullback. The second major resistance level is located at $233.

A failure to move through the $223 pivot level will trigger the activation of the first major support level at $217.

Barring another extended sell off, Litecoin should continue to move away from the support levels below $210. The second major support level at $213 should limit the downside.

Looking at technical indicators

First Major Support Level: $217

Pivot level: $223

First major resistance level: $227

23.6% Fib Retracement Level: $195

38.2% Fib Retracement Level: $163

62% Fib Retracement Level: $110

Ripple XRP

XRP is down 3.66% on Friday. After partially reversing Thursday’s breach of 15.89%, XRP ended the day at $1.01837.

A mixed start to the day saw Ripple’s XRP drop to an afternoon low at $0.98012 before making any move.

Moving away from the first major support level at $0.9521, Ripple XRP surged to an intraday high at $1.08327.

After dropping below the first major resistance level at $1.1226, Ripple’s XRP declined to end the day at levels below $1.02.

At the time of writing, XRP is down 0.45% to $1.01379. A mixed start to the day saw Ripple’s XRP surge to an early morning high of $1.02255 before dropping to $1.0568.

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

for the next day

Ripple’s XRP will need to move through the $1.0273 pivot level to present the first major resistance level at $1.0744.

Support from the broader market will be needed, however, for Ripple’s XRP to break back into $1.07 levels.

Barring an extended rally for the cryptocurrency, the first major resistance level and Friday’s high at $1.08,327 are likely to cap an upside move.

In the event of an extended rally, Ripple’s XRP could test the resistance at $1.20 levels before any pullback. The second major resistance level is located at $1.1304.

Failure to move across the $1,0273 pivot will trigger the first major resistance level at $0.9712.

However, barring another extended sell off, Ripple’s XRP should move away from the sub-$0.95 levels. The second major support level is located at $0.9241.

Looking at technical indicators

First major support level: $0.9712

Pivot Level: $1,0273

First major resistance level: $1.0744

23.6% Fib Retracement Level: $0.8960

38.2% Fib Retracement Level: $0.7577

62% Fibonacci Retracement Level: $0.5340

Please tell us what you think in the comments below.

Thanks bob

This article was originally published on FX Empire

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