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

ether
Ethereum rose 0.11% on Sunday. After rallying 6.20% on Saturday, Ethereum ended the week 27.13% to $ 2,952.09.
On a mixed start to the day, Ethereum fell to a late morning intraday low of $ 2,855.29 before moving.
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Ethereum stayed away from the first major support level at USD 2,819 and rebounded to a late intraday high and a new swing of USD 2,986.00.
Ethereum trailed the first major resistance level at $ 3,017, ending the day at $ 2,950.
At the time of writing, Ethereum was up 3.60% to $ 3,058.50. A bullish start to the day caused Ethereum to climb from an early morning low of $ 2,952.08 to a new swing of $ 3,060.91.
Ethereum broke the first major resistance level early at $ 3,007.
For the next day
Ethereum would have to avoid relapsing from the first major resistance level at $ 3,007 to support another run at the second major resistance level at $ 3,062.
However, support from the broader market would be required for Ethereum to break out of this morning's new swing of $ 3,060.91.
Aside from an extended crypto rally, the second major resistance level would likely limit any uptrend.
In the event of a breakout, Ethereum could test the resistance at $ 3,100. The third major resistance level is at $ 3,193.
Unless relapse from the first major resistance level is avoided, the pivot of $ 2,931 and the first major support level of $ 2,876 would come into play.
However, subject to an extended sell-off, Ethereum should stay away from levels below $ 2,800. The second major support level at $ 2,800 should limit the downtrend.
Look at the technical indicators
First major support level: $ 2,876
Pivot Level: $ 2,931
First major resistance level: $ 3,007
23.6% FIB Retracement Level: $ 2,300
38.2% FIB Retracement Level: $ 1,876
62% FIB Retracement Level: $ 1,191
Litecoin
Litecoin fell 2.86% on Sunday. Litecoin returned 1.99% part of the week, ending the week 20.04% to $ 269.10.
On a mixed start to the day, Litecoin rose to an early morning intraday high of $ 277.64 before hitting reverse.
Litecoin missed the first major resistance level at $ 282 and fell to a late morning intraday low of $ 265.00.
Litecoin fell through the first major support level at USD 269 before finding support.
Litecoin stayed away from the 23.6% FIB of USD 262 and broke the first major support level to revisit the USD 272 levels before subsiding.
At the time of writing, Litecoin was up 1.67% to $ 273.59. A bullish start to the day caused Litecoin to climb from an early morning low of $ 268.64 to a high of $ 274.77
Litecoin left key support and resistance levels untested early on.
For the next day
Litecoin would need to avoid relapsing through the $ 271 pivot level to support a run at the first major resistance level of $ 276.
However, support from the broader market would be required for Litecoin to hit the $ 275 level.
Aside from an extended crypto rally, the first major resistance level and resistance at $ 280 would likely limit an uptrend.
In the event of another breakout, Litecoin could test the resistance at USD 290. The second major resistance level is at $ 283.
Unless relapse is avoided by the $ 271 pivot level, the first majors' support level at $ 264 and the 23.6% FIB of $ 262 would come into play.
Subject to another lengthy sell-off, Litecoin should stay away from levels below $ 260. The second major level of support is at $ 258.
Look at the technical indicators
First major support level: $ 264
Pivot Level: $ 271
First major resistance level: $ 276
23.6% FIB Retracement Level: $ 250
38.2% FIB Retracement Level: $ 207
62% FIB Retracement Level: 138 USD
Ripple's XRP
Ripple's XRP fell 5.72% on Sunday. Ripple's XRP was up 3.31% from Saturday, ending the week 51.33% to $ 1.56244.
A bearish start to the day caused Ripple's XRP to fall from an early morning intraday high of $ 1.65732 to an early morning intraday low of $ 1.52578.
Ripple's XRP fell through the first major support level at $ 1.5645 and the 23.6% FIB of $ 1.5426 before support was found.
Ripple's XRP has stayed away from support levels below $ 1.50 and rechecked the $ 1.60 levels before subsiding.
The late pullback caused Ripple's XRP to drop through the first major support level, ending the day at $ 1.562.
At the time of writing, Ripple's XRP was up 2.77% to $ 1.60576. On a mixed start to the day, Ripple's XRP fell to an early morning low of $ 1.5550 before rising to a high of $ 1.62204.
Ripple's XRP left key support and resistance levels untested early on.
For the next day
Ripple's XRP must avoid relapsing through the $ 1.5818 pivot level to bring the first major resistance level into play at $ 1.6379.
However, support from the broader market would be required for Ripple's XRP to break out of today's high of $ 1.62204.
Aside from an extended crypto rally, the first major resistance level and $ 1.65732 high on Sunday would likely limit an uptrend.
In the event of another prolonged rally, Ripple's XRP could test the second major resistance level at $ 1.7134.
Unless a relapse from the $ 1.5818 pivot is avoided, the 23.6% FIB at $ 1.5426 and the first major support level at $ 1.5064 would come into play.
However, subject to a lengthy sell-off, Ripple's XRP should stay away from values ​​below $ 1.50. The second major support level is at $ 1,4503.
Look at the technical indicators
First major support level: $ 1.5064
Pivot Level: $ 1.5818
First major resistance level: $ 1.6379
23.6% FIB Retracement Level: $ 1.5426
38.2% FIB Retracement Level: $ 1.2807
62% FIB Retracement Level: $ 0.8573
Please let us know what you think in the comments below.
Thanks, Bob
Swap crypto with Binance
This article was originally published on FX Empire
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In this article:
ETH-CAD
+ 5.11%
ETH GBP
+ 5.20%
XRP-RUB
-10.20%
LTC-KRW
+ 1.34%
ETH-AUD
+ 5.03%
LTC-JPY
+ 1.41%
LTC-USD
+ 1.31%
LTC-ETH
-4.14%
XRP-BTC
-5.18%
XRP-KRW
-9.71%
ETH INR
+ 5.73%
ETH-USD
+ 5.69%
ETH-EUR
+ 4.94%
XRP-INR
-9.70%
ETH-CNY
+ 5.22%
LTC-EUR
+ 0.59%
LTC-CNY
+ 0.86%
ETH-RUB
+ 5.14%
XRP-GBP
-10.15%
LTC-BTC
+ 6.42%
XRP-USD
-9.73%
XRP-ETH
-14.59%
ETH-KRW
+ 5.71%
XRP-CNY
-10.13%
ETH-BTC
+ 11.01%
ETH-JPY
+ 5.79%
LTC-AUD
+ 0.68%
XRP-AUD
-10.30%
LTC-CAD
+ 0.75%
LTC-INR
+ 1.35%
XRP-EUR
-10.37%
LTC-GBP
+ 0.85%
LTC-RUB
+ 0.78%
XRP-CAD
-10.23%
XRP-JPY
-9.65%

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