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

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 30th, 2021
Written by publisher team

Ethereum

Ethereum gained 0.27% on Thursday. After posting a gain of 3.14% on Wednesday, Ethereum ended the day at $2,758.92.

A mixed start to the day saw Ethereum drop to an intraday midday low of $2,672.00 before making any move.

Moving away from the first major support level at $2,614, Ethereum surged to a mid-day high intraday and a new swing high at $2800.00.

After dropping below the first major resistance level at $2,826, Ethereum once again fell below $2,700 and into the red.

Finding late support, Ethereum revisited the $2,770 levels before pulling back.

At the time of writing, Ethereum is down 0.16% to $2,754.64. A mixed start to the day saw Ethereum rise to an early morning high of $2,770.00 before dropping to $2,753.84.

Ethereum left key support and resistance levels untested early on.

for the next day

Ethereum will need to avoid the $2,744 pivot level to support the run at the first major resistance level at $2,815.

Support from the broader market will be needed, however, for Ethereum to exit Thursday’s new swing high at $2800.00.

Barring an extended crypto rally, the first major resistance level for any uptrend is likely to be capped.

In the event of a breakout, Ethereum could test the $3,000 resistance. The second major resistance level is located at $2,872.

A failure to avoid the $2,744 pivot will trigger the first major support level at $2,687.

However, barring an extended sell-off, Ethereum should move away from levels below $2,600. The second major support level at $2,616 should limit the downside.

Looking at technical indicators

First major support level: $2,687

Pivot level: $2,744

First major resistance level: $2,815

23.6% Fib Retracement Level: $2,158

38.2% Fib Retracement Level: $1,761

62% Fib Retracement Level: $1,119

Litecoin

Litecoin is down 1.27% on Thursday. After dropping 0.45% on Wednesday, Litecoin ended the day at $255.51.

A mixed start to the day saw Litecoin drop to a mid-morning low of $250.51 before making a move,

Moving away from the first major support level at $249, Litecoin price climbed to a mid-day high of $269.99.

While it did not reach the first major resistance at $268, Litecoin broke the 23.6% FIB level of $262 before rebounding to the opposite direction.

The reversal saw Litecoin drop to an intraday low of $248.75. Finding support at the first major support level at $249, Litecoin moved again to the $255 levels to limit the loss.

At the time of writing, Litecoin is down 0.32% to $254.69. A mixed start to the day saw Litecoin climb to an early morning high of $255.73 before dropping to $254.69.

Litecoin left key support and resistance levels untested early on.

for the next day

Litecoin will need to move through the $256 pivot level of support to run at the 23.6% FIB of $262 and the first major resistance level at $263.

However, support from the broader market will be needed in order for Litecoin to return to the $260 levels.

Barring an extended rally for the cryptocurrency, the first major resistance and resistance level at $265 is likely to be capped for any upside move.

In the event of a rebound, Litecoin could test the resistance at $280. The second major resistance level is located at $270.

A failure to move through the $256 pivot level will trigger the first major coin support level at $249.

Barring another extended sell off, Litecoin should move away from levels below $240. The second major support level at $242 should limit the downside.

Looking at technical indicators

First Major Support Level: $249

Pivot level: $256

First major resistance level: $263

23.6% Fib Retracement Level: $250

38.2% Fib Retracement Level: $207

62% Fibonacci Retracement Level: $138

Ripple XRP

XRP of Ripple is up 2.90% on Thursday. After partially reversing its 3.10% gain from Wednesday, XRP ended the day at $1.39984.

After a mixed start to the day, XRP fell to an intraday low in the early morning at $1.32904 before making a move.

Moving away from the first major support level at $1.2810, XRP of Ripple surged to an intraday high of $1.41900.

After dropping below the first major resistance at $1,4440, Ripple’s XRP fell below $1.35 and into the red.

However, after finding late support, Ripple’s XRP is back at $1.39 levels to provide the bullishness today.

At the time of writing, Ripple XRP is down 0.67% to $1.39046. A mixed start to the day saw XRP surge to an early morning high of 1.40363 before dropping to $1.39046.

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

for the next day

Ripple’s XRP will need to avoid falling through the $1.3826 pivot level to enter the first major resistance level at $1.4362.

Support from the broader market will be needed, however, for Ripple to break XRP from Thursday’s high of $1.41900.

Barring an extended rally for the cryptocurrency, the first major resistance and resistance level at $1.45 is likely to cap an upside move.

In the event of an extended rally, Ripple’s XRP could test the $1.50 resistance before any pullback. The second major resistance level is located at $1.4726.

Failure to avoid falling through the $1.3826 pivot will trigger the first major support level at $1.3463.

However, barring another extended sell off, Ripple’s XRP should move away from the sub-$1.30 levels. The second major support level is located at $1.2927.

Looking at technical indicators

First major support level: $1.3463

Pivot level: $1.3826

First major resistance level: $1.4362

23.6% Fibonacci Retracement Level: $1.5426

38.2% Fib Retracement Level: $1.2807

62% Fibonacci Retracement Level: $0.8573

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Thanks bob

This article was originally published on FX Empire

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