The Crypto Daily – Movers and Shakers – April 19th, 2021

Bitcoin, BTC to USD, slid by 6.29% on Sunday. Following on from a 2.27% decline on Saturday, Bitcoin ended the week down by 6.43% to $56,172.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $60,279.0 before hitting reverse.

Falling short of the first major resistance level at $61,197, Bitcoin tumbled to an early morning intraday low $50,500.0.

The extended sell-off saw Bitcoin fall through the major support levels

Finding support at the 23.6% FIB of $50,473, Bitcoin broke back through the third major resistance level at $55,104 to end the day at $56,100 levels.

The near-term bullish trend remained intact in spite of the slide back to $50,500 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish day on Sunday.

Crypto.com Coin tumbled by 15.14% to lead the way down, with Bitcoin Cash SV sliding by 12.39%.

Litecoin (-8.92%) and Ripple’s XRP (-8.28%) also saw heavy losses.

Binance Coin (-6.24%), Cardano’s ADA (-6.50%), Chainlink (-2.17%), Ethereum (-3.35%), and Polkadot (-5.14%) saw relatively modest losses on the day.

It was also a mixed week for the majors in the week ending 18th April.

Binance Coin slid by 8.23%, with Crypto.com Coin falling by 5.08% to join Bitcoin in the red.

It was a bullish week for the rest of the majors, however.

Bitcoin Cash SV jumped by 25.25% to lead the way, with Polkadot rallying by 15.72%.

Cardano’s ADA (+1.32%), Ethereum (+4.23%), Litecoin (+8.68%), and Ripple’s XRP (+4.67%) also ended the week in positive territory.

In the week, the crypto total market rose to a Friday high $2,305bn before sliding to a Sunday low $1,755bn. At the time of writing, the total market cap stood at $2,019bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Saturday low 51.37%. At the time of writing, Bitcoin’s dominance stood at 52.52%.

This Morning

At the time of writing, Bitcoin was up by 0.81% to $56,625.1. A mixed start to the day saw Bitcoin fall to an early morning low $55,709.0 before rising to a high $56,666.0.

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

Elsewhere, it was a mixed start to the day.

Polkadot (-0.77%) and Ripple’s XRP (-0.55%) saw red to buck the trend early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Chainlink was up by 3.69% to lead the way.

BTCUSD 190421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $55,650 to bring the first major resistance level at $60,801 into play.

Support from the broader market would be needed for Bitcoin to break back through to $60,000 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $60,279.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $65,429.

Failure to avoid a fall through the $55,650 pivot would bring the first major support level at $51,022 and the 23.6% FIB of $50,473 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$50,000 levels. The second major support level sits at $45,871.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 19th, 2021

Ethereum

Ethereum fell by 3.35% on Sunday. Following on from a 4.45% decline on Saturday, Ethereum ended the week up by 4.23% to $2,241.45.

A mixed start to the day saw Ethereum rise to an early morning intraday high $2,341.00 before hitting reverse.

Falling short of the first major resistance level at $2,439, Ethereum slid to an early morning intraday low $2,000.00.

The extended sell-off saw Ethereum fall through the first major support level at $2,258 and the second major support level at $2,197.

Finding support at the third major support level at $2,016, Ethereum bounced back to end the day at $2,200 levels.

The partial recovery saw Ethereum break back through the second major support level at $2,197.

At the time of writing, Ethereum was down by 0.60% to $2,228.01. A mixed start to the day saw Ethereum rise to an early morning high $2,254.00 before falling to a low $2,205.01.

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

ETHUSD 190421 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $2,194 to support a run at the first major resistance level at $2,388.

Support from the broader market would be needed, however, for Ethereum to break back through to $2,300 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $2,341.00 would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at $2,500 before any pullback. The second major resistance level sits at $2,535.

Failure to avoid a fall through the $2,194 pivot would bring the first major support level at $2,047 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $1,853. The 23.6% FIB of $1,966 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,047

Pivot Level: $2,194

First Major Resistance Level: $2,388

23.6% FIB Retracement Level: $1,976

38.2% FIB Retracement Level: $1,606

62% FIB Retracement Level: $1,023

Litecoin

Litecoin slid by 8.92% on Sunday.  Following on from a 2.51% fall from Saturday, Litecoin ended the week up by 8.68% to $274.20.

A mixed start to the day saw Litecoin rise to an early morning high $305.33 before hitting reverse.

Falling short of the first major resistance level at $325, Litecoin slid to an early morning intraday low $241.09.

The sell-off saw Litecoin fall through the first major support level at $287 and the second major support level at $273.

More significantly, Litecoin also tumbled through the 23.6% FIB of $262.

Finding late morning support, Litecoin moved back through the 23.6% FIB and the second major support level to end the day at $274 levels.

At the time of writing, Litecoin was down by 1.12% to $271.13. A mixed start to the day saw Litecoin rise to an early morning high $275.62 before falling to a low $267.69.

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

LTCUSD 190421 Hourly Chart

For the day ahead

Litecoin would need to move back the $274 pivot level to support a run at the first major resistance level at $306.

Support from the broader market would be needed, however, for Litecoin to break back through to $300 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $305.33 would likely cap any upside.

In the event of a bounce back, Litecoin could test resistance at $320 before any pullback. The second major resistance level sits at $338.

Failure to move back through the $274 pivot level would bring the 23.6% FIB of $262 and the first major support level at $242 into play.

Barring an extended sell-off, Litecoin should steer clear of the the second major support level at $209. The 38.2% FIB of $217 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $242

Pivot Level: $274

First Major Resistance Level: $306

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP slid by 8.28% on Sunday. Following a 0.62% decline from Saturday, Ripple’s XRP ended the week up by 4.67% to $1.41371.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.56714 before hitting reverse.

Falling short of the first major resistance level at $1.6802, Ripple’s XRP slid to an early morning intraday low $1.15000.

Ripple’s XRP slid through the day’s major support levels before finding support.

More significantly, Ripple’s XRP also fell through the 23.6% FIB of $1.5426 and the 38.2% FIB of $1.2807.

Steering clear of sub-$1.00 levels, Ripple’s XRP bounced back to end the day at $1.41 levels.

The partial recovery had seen Ripple’s XRP break back through the third major support level at $1.1848 and the second major support level at $1.3960.

Ripple’s XRP also broke back through the 38.2% FIB of $1.2807.

At the time of writing, Ripple’s XRP was down by 2.29% to $1.38138. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.43776 before falling to a low $1.36000.

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

XRPUSD 190421 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall back through the $1.3770 pivot level to bring the first major resistance level at $1.6039 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through the 23.6% FIB of $1.5426.

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 $1.80 levels before any pullback. The second major resistance level sits at $1.7941.

Failure to avoid a fall back through the $1.3770 pivot would bring the 38.2% FIB of $1.2807 and the first major support level at $1.1868 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.00 levels. The second major support level sits at $0.9598.

Looking at the Technical Indicators

First Major Support Level: $1.1868

Pivot Level: $1.3770

First Major resistance Level: $1.6039

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

The Crypto Daily – Movers and Shakers – April 18th, 2021

Bitcoin, BTC to USD, fell by 2.27% on Saturday. Following on from a 2.98% decline on Friday, Bitcoin ended the day at $59,927.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $62,450.0 before hitting reverse.

Falling short of the first major resistance level at $63,226, Bitcoin slid to a late afternoon intraday low $59,662.0.

Bitcoin fell through the first major support level at $59,711 before briefly revisiting $60,900 levels.

A bearish end to the day, however, saw Bitcoin fall back to end the day at sub-$60,000 levels.

The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Saturday.

Polkadot rallied by 3.87% to lead the way, with Binance Coin rising by 1.08%.

It was a bearish day for the rest of the majors, however.

Bitcoin Cash SV slid by 10.95% to lead the way down.

Cardano’s ADA (-3.18%), Chainlink (-4.89%), Ethereum (-4.45%), and Litecoin (-2.51%) also struggled.

Crypto.com Coin (-0.08%) and Ripple’s XRP (-0.62%) saw modest losses on the day, however.

In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,305bn. At the time of writing, the total market cap stood at $2,136bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Saturday low 51.38%. At the time of writing, Bitcoin’s dominance stood at 52.85%.

This Morning

At the time of writing, Bitcoin was up by 0.46% to $60,205.0. A mixed start to the day saw Bitcoin fall to an early morning low $59,934.0 before rising to a high $60,279.0.

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

Elsewhere, it was a bullish start to the day.

At the time of writing, Ripple’s XRP was up by 1.42% to lead the way.

BTCUSD 180421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $60,680 to bring the first major resistance level at $61,697 into play.

Support from the broader market would be needed for Bitcoin to break out from $61,500 levels.

Barring an extended crypto rally, the first major resistance level and Saturday’s high $62,450.0 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $63,468.

Failure to move through the $60,680 pivot would bring the first major support level at $58,909 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$58,000 levels. The second major support level sits at $57,892.

The Crypto Daily – Movers and Shakers – April 17th, 2021

Bitcoin, BTC to USD, fell by 2.98% on Friday. Reversing a 0.46% gain from Thursday, Bitcoin ended the day at $61,322.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $63,520.0 before hitting reverse.

Falling short of the first major resistance level at $64,027, Bitcoin slid to a late morning intraday low $60,005.0.

Bitcoin fell through the first major support level at $62,182 and the second major support level at $61,169.

Finding afternoon support, Bitcoin broke back through the second major support level to revisit $62,000 levels before easing back.

In spite of the pullback, Bitcoin avoided a fall back through the second major support level late in the day.

The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Bitcoin Cash SV surged by 17.73% to lead the way, with Litecoin rallying by 7.89%.

It was a bearish day for the rest of the majors, however.

Ripple’s XRP slid by 11.92% to lead the way down

Binance Coin (-6.15%), Cardano’s ADA (-4.51%), and Ethereum (-3.59%) also struggled.

Chainlink (-1.40%), Crypto.com Coin (-0.97%), and Polkadot (-1.84%) saw relatively modest losses on the day.

In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Friday high $2,307bn. At the time of writing, the total market cap stood at $2,177bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Friday low 51.50%. At the time of writing, Bitcoin’s dominance stood at 52.59%.

This Morning

At the time of writing, Bitcoin was down by 0.25% to $61,167.3. A mixed start to the day saw Bitcoin rise to an early morning high $61,675.0 before falling to a low $61,157.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-2.47%) and Crypto.com Coin (-0.64%) joined Bitcoin in the red to buck the early trend.

It was a bullish start for the rest of the majors, however.

At the time of writing, Litecoin was up by 2.09% to lead the way.

BTCUSD 170421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $61,616 to bring the first major resistance level at $63,226 into play.

Support from the broader market would be needed for Bitcoin to break back through to $63,000 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $63,520.0 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $65,131.

Failure to move back through the $61,616 pivot would bring the first major support level at $59,711 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $58,101.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 17th, 2021

Ethereum

Ethereum fell by 3.59% on Friday. Reversing a 3.49% gain from Thursday, Ethereum ended the day at $2,426.64.

A mixed start to the day saw Ethereum rise to an early morning intraday high and a new swing hi $2,548.00 before hitting reverse.

Falling short of the first major resistance level at $2,576, Ethereum slid to an early afternoon intraday low $2,307.21.

The extended sell-off saw Ethereum fall through the first major support level at $2,430 and the second major support level at $2,343.

Steering clear of sub-$2,300 levels, Ethereum broke back through the major support levels before a late pullback.

The pullback saw Ethereum fall back through the first major support level to end the day at $2,426 levels.

At the time of writing, Ethereum was up by 1.40% to $2,460.53. A bullish start to the day saw Ethereum rise from an early morning low $2,426.63 to a high $2,460.53.

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

ETHUSD 170421 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall back through the pivot level at $2,427 to support a run at the first major resistance level at $2,547.

Support from the broader market would be needed, however, for Ethereum to break back through to $2,500 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s new swing hi $2,548.00 would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at $2,700 before any pullback. The second major resistance level sits at $2,668.

Failure to avoid a fall back through the $2,427 pivot would bring the first major support level at $2,307 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,200 levels. The second major support level sits at $2,187.

Looking at the Technical Indicators

First Major Support Level: $2,307

Pivot Level: $2,427

First Major Resistance Level: $2,547

23.6% FIB Retracement Level: $1,976

38.2% FIB Retracement Level: $1,606

62% FIB Retracement Level: $1,023

Litecoin

Litecoin rallied by 7.89% on Friday. Following on from a 2.67% gain from Thursday, Litecoin ended the day at $308.75.

A mixed start to the day saw Litecoin rise to an early morning high $297.00 before hitting reverse.

Litecoin broke through the first major resistance level at $296 before sliding to an early afternoon intraday low $266.34.

The sell-off saw Litecoin fall through the first major support level at $271 before rallying to a late intraday high and a new swing hi $319.94.

Litecoin broke back through the first major resistance level and broke through the second major resistance level at $306.

A late pullback, however, saw Litecoin briefly fall back through the second major resistance level before wrapping up the day at $308 levels.

At the time of writing, Litecoin was up by 2.98% to $317.94. A bullish start to the day saw Litecoin rally from an early morning low $308.76 to a high $318.67.

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

LTCUSD 170421 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $298 pivot level to support a run at the first major resistance level at $330.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s swing hi $319.94.

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 $350 before any pullback. The second major resistance level sits at $352.

Failure to avoid a fall through the $298 pivot level would bring the first major support level at $277 into play.

Barring an extended sell-off, Litecoin should steer clear of the 23.6% FIB of $250. The second major support level sits at $245.

Looking at the Technical Indicators

First Major Support Level: $277

Pivot Level: $298

First Major Resistance Level: $330

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP slid by 11.92% on Friday. Following on from a 4.17% decline on Thursday, Ripple’s XRP ended the day at $1.54981.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.80892 before hitting reverse.

Falling short of the first major resistance level at $1.8777, Ripple’s XRP slid to a late morning intraday low $1.42051.

Ripple’s XRP fell through the first major support level at $1.6468 and the second major support level at $1.5343.

Steering clear of sub-$1.40 levels, Ripple’s XRP revisited $1.75 levels before falling back into the deep red.

The sell-off saw Ripple’s XRP fall back through the first major support level to end the day at sub-$1.60 levels.

At the time of writing, Ripple’s XRP was up by 0.86% to $1.56312. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.5390 before rising to a high $1.56443.

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

XRPUSD 170421 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $1.5931 pivot level to bring the first major resistance level at $1.7657 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from $1.75 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $1.80 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at $2.00 levels before any pullback. The second major resistance level sits at $1.9815.

Failure to move through the $1.5941 pivot would bring the 23.6% FIB of $1.5426 and the first major support level at $1.3772 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.30 levels. The second major support level sits at $1.2047.

Looking at the Technical Indicators

First Major Support Level: $1.3772

Pivot Level: $1.5931

First Major resistance Level: $1.7657

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

The Crypto Daily – Movers and Shakers – April 16th, 2021

Bitcoin, BTC to USD, rose by 0.46% on Thursday. Partially reversing a 0.95% decline from Wednesday, Bitcoin ended the day at $63,196.0.

A mixed start to the day saw Bitcoin fall to a late morning intraday low $62,000.0 before making a move.

Steering clear of the first major support level at $61,204, Bitcoin struck a late intraday high $63,845.0.

Falling well short of the first major resistance level at $64,727, Bitcoin eased back to end the day at sub-$63,200 levels.

The near-term bullish trend remained intact supported by the latest move through to $64,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Thursday.

Ripple’s XRP slid by 4.17% to lead the way down

Binance Coin (-1.36%) and Polkadot (-0.02%) also saw red to buck the trend on the day.

It was a bullish day for the rest of the majors, however.

Bitcoin Cash SV rallied by 12.38% to lead the way.

Chainlink (+3.18%), Crypto.com Coin (+3.20%), Ethereum (+3.49%), and Litecoin (+2.67%) also made solid gains.

Cardano’s ADA (+1.93%) and Polkadot (+1.87%) and trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,959bn before rising to a Wednesday high $2,259bn. At the time of writing, the total market cap stood at $2,214bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Thursday low 52.92%. At the time of writing, Bitcoin’s dominance stood at 53.53%.

This Morning

At the time of writing, Bitcoin up by 0.28% to $63,5.037. A mixed start to the day saw Bitcoin fall to an early morning low $63,083.2 before rising to a high $63,417.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.47%), Cardano’s ADA (-0.06%), and Polkadot (-0.05%) saw red early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Crypto.com Coin was up by 1.68% to lead the way.

BTCUSD 160421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $63,014 to bring the first major resistance level at $64,027 into play.

Support from the broader market would be needed for Bitcoin to break back through to $64,000 levels.

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

In the event of another extended crypto rally, Bitcoin could test resistance at Wednesday’s swing hi $64,829.0 before any pullback. The second major resistance level sits at $64,859.

Failure to avoid a fall through the $63,014 pivot would bring the first major support level at $62,182 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $61,169.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 16th, 2021

Ethereum

Ethereum rose by 3.49% on Thursday. Following on from a 5.76% gain on Wednesday, Ethereum ended the day at $2,517.03.

A mixed start to the day saw Ethereum fall to an early morning intraday low $2,401.25 before making a move.

Steering clear of the first major support level at $2,328, Ethereum rallied to a final hour intraday high and a new swing hi $2,546.82.

Ethereum broke through the first major resistance level at $2,492 before easing back.

Coming within range of the second major resistance level at $2,551, Ethereum slipped back to end the day at $2,517 levels.

At the time of writing, Ethereum was up by 0.21% to $2,522.26. A bullish start to the day saw Ethereum rise from an early morning low $2,517.03 to a high $2,527.12.

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

ETHUSD 160421 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $2,488 to support a run at the first major resistance level at $2,576.

Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s new swing hi $2,546.82.

Barring an extended crypto rally, the first major resistance level and resistance at $2,600 would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at $2,700 before any pullback. The second major resistance level sits at $2,634.

Failure to avoid a fall through the $2,488 pivot would bring the first major support level at $2,430 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,200 levels. The second major support level at $2,343 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,430

Pivot Level: $2,488

First Major Resistance Level: $2,576

23.6% FIB Retracement Level: $1,975

38.2% FIB Retracement Level: $1,605

62% FIB Retracement Level: $1,023

Litecoin

Litecoin rose by 2.67% on Thursday. Following on from a 4.14% gain on Wednesday, Litecoin ended the day at $286.18.

A mixed start to the day saw Litecoin rise to an early morning high $282.80 before hitting reverse.

Falling short of the major resistance levels, Litecoin fell to a late morning intraday low $266.01.

Steering clear of the first major support level at $262, Litecoin rallied to a final hour intraday high and a new swing hi $291.25.

Litecoin broke through the first major resistance level at $289 before falling back to end the day at $286 levels.

At the time of writing, Litecoin was up by 0.17% to $286.68. A bullish start to the day saw Litecoin rise from an early morning low $286.18 to a high $288.39.

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

LTCUSD 160421 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $281 pivot level to support a run at the first major resistance level at $296.

Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s swing hi $291.25.

Barring an extended crypto rally, the first major resistance level and resistance at $300 would likely cap any upside.

In the event of an extended rally, Litecoin could test resistance at $315 before any pullback. The second major resistance level sits at $306.

Failure to avoid a fall through the $281 pivot level would bring the first major support level at $271 into play.

Barring an extended sell-off, Litecoin should steer well clear of the second major support level at $256.

Looking at the Technical Indicators

First Major Support Level: $271

Pivot Level: $281

First Major Resistance Level: $296

23.6% FIB Retracement Level: $229

38.2% FIB Retracement Level: $190

62% FIB Retracement Level: $127

Ripple’s XRP

Ripple’s XRP slid by 4.17% on Thursday. Reversing a 2.30% rise from Wednesday, Ripple’s XRP ended the day at $1.75937.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.88353 before hitting reverse.

Falling short of the first major resistance level at $2.0210, Ripple’s XRP slid to a late morning intraday low $1.65261.

Steering clear of the first major support level at $1.6004, Ripple’s XRP revisited $1.84 levels before falling back into the red.

At the time of writing, Ripple’s XRP was up by 0.51% to $1.76836. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.75953 to a high $1.78119.

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

XRPUSD 160421 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall back through the $1.7652 pivot level to bring the first major resistance level at $1.8777 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.80 levels.

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 $2.00 levels before any pullback. The second major resistance level sits at $1.9961.

Failure to avoid a fall back through the $1.7652 pivot would bring the first major support level at $1.6468 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the 23.6% FIB of $1.5426. The second major support level sits at $1.5343.

Looking at the Technical Indicators

First Major Support Level: $1.6468

Pivot Level: $1.7652

First Major resistance Level: $1.8777

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

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 15th, 2021

Ethereum

Ethereum rose by 5.76% on Wednesday. Following on from a 7.57% rally on Tuesday, Ethereum ended the day at $2,432.54.

A mixed start to the day saw Ethereum fall to an early morning intraday low $2,283.26 before making a move.

Steering clear of the first major support level at $2,185, Ethereum surged to a final hour intraday high and a new swing hi $2,446.91.

Ethereum broke through the first major resistance level at $2,366 and the second major resistance level at $2,432 before easing back.

While easing back, Ethereum managed to find support at the second major resistance level at $2,432.

At the time of writing, Ethereum was up by 0.35% to $2,440.98. A bullish start to the day saw Ethereum rise from an early morning low $2,432.12 to a new swing hi $2,449.99.

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

ETHUSD 150421 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $2,388 to support a run at the first major resistance level at $2,492.

Support from the broader market would be needed, however, for Ethereum to break out from this morning’s new swing hi $2,449.99.

Barring an extended crypto rally, the first major resistance level and resistance at $2,500 would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at $2,600 before any pullback. The second major resistance level sits at $2,551.

Failure to avoid a fall through the $2,388 pivot would bring the first major support level at $2,328 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,200 levels. The second major support level at $2,224 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,328

Pivot Level: $2,388

First Major Resistance Level: $2,492

23.6% FIB Retracement Level: $1,889

38.2% FIB Retracement Level: $1,543

62% FIB Retracement Level: $985

Litecoin

Litecoin rose by 4.14% on Wednesday. Following on from a 9.56% rally on Tuesday, Litecoin ended the day at $278.85.

A bullish start to the day saw Litecoin rise to an early morning intraday high and a new swing hi $283.2 before hitting reverse.

Litecoin broke through the first major resistance level at $279 before falling to an early afternoon intraday low $255.0.

Steering clear of the first major support level at $250, Litecoin briefly broke back through the first major resistance level before falling back to sub-$279 levels.

At the time of writing, Litecoin was up by 0.25% to $279.54. A bullish start to the day saw Litecoin rise from an early morning low $278.75 to a high $282.80.

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

LTCUSD 150421 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $273 pivot level to support a run at the first major resistance level at $289.

Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s swing hi $283.20.

Barring an extended crypto rally, the first major resistance level and resistance at $290 would likely cap any upside.

In the event of an extended rally, Litecoin could test the second major resistance level at $300.

Failure to avoid a fall through the $273 pivot level would bring the first major support level at $262 into play.

Barring an extended sell-off, Litecoin should steer well clear of the second major support level at $245.

Looking at the Technical Indicators

First Major Support Level: $262

Pivot Level: $273

First Major Resistance Level: $289

23.6% FIB Retracement Level: $222

38.2% FIB Retracement Level: $185

62% FIB Retracement Level: $124

Ripple’s XRP

Ripple’s XRP rose by 2.30% on Wednesday. Following on from a 22.24% jump on Tuesday, Ripple’s XRP ended the day at $1.83817.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high and a new swing hi $1.96598 before hitting reverse.

Falling short of the first major resistance level at $1.9839, Ripple’s XRP slid to an early afternoon intraday low $1.5454.

Steering clear of the first major support level at $1.5132, Ripple’s XRP recovered to end the day at $1.83 levels.

At the time of writing, Ripple’s XRP was down by 0.84% to $1.82281. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.88353 before falling to a low $1.82230.

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

XRPUSD 150421 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $1.7832 pivot level to bring the first major resistance level at $2.0210 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Wednesday’s new swing hi $1.96598.

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 $2.20 levels before any pullback. The second major resistance level sits at $2.2038.

Failure to avoid a fall through the $1.7832 pivot would bring the first major support level at $1.6004 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear the second major support level at $1.3626. The 23.6% FIB of $1.5426 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $1.6004

Pivot Level: $1.7832

First Major resistance Level: $2.0210

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

The Crypto Daily – Movers and Shakers – April 14th, 2021

Bitcoin, BTC to USD, rose by 6.09% on Tuesday. Reversing a 0.26% decline from Monday, Bitcoin ended the day at $63,537.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $59,859.0 before making a move.

Steering clear of the first major support level at $59,131, Bitcoin surged to a final hour intraday high and a new swing hi $63,555.0.

Bitcoin broke through first major resistance level at $60,977 and the second major resistance level at $62,081.

While falling short of the third major resistance level at $63,927, Bitcoin held on to close out the day at $63,500 levels.

The near-term bullish trend remained intact supported by the latest move through to $63,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,750 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Tuesday.

Binance Coin slid by 7.60%, with Polkadot falling by 0.07% to buck the trend on the day.

It was a bullish day for the rest of the majors, however.

Ripple’s XRP jumped by 22.24% to lead the way, with Bitcoin Cash SV rallying by 12.66%.

Cardano’s ADA (+7.50%), Chainlink (+7.22%), Crypto.com Coin (+7.00%), Ethereum (+7.57%), and Litecoin (+8.56%) also made solid gains.

Early in the week, the crypto total market fell to a Monday low $1,959bn before rising to a Tuesday high $2,195bn. At the time of writing, the total market cap stood at $2,146bn.

Bitcoin’s dominance rose to a Monday high 56.61% before falling to a Tuesday low 54.27%. At the time of writing, Bitcoin’s dominance stood at 55.22%.

This Morning

At the time of writing, Bitcoin down by 0.42% to $63,270.0. A mixed start to the day saw Bitcoin rise to an early morning high and a new swing hi $63,732.0 before falling to a low $63,166.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.40%), Ethereum (-0.08%), and Polkadot (-0.48%) also saw red early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Crypto.com Coin was up by 2.97% to lead the way.

BTCUSD 140421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $62,317 to bring the first major resistance level at $64,775 into play.

Support from the broader market would be needed for Bitcoin to break out from this morning’s new swing hi $63,732.0.

Barring an extended crypto rally, the first major resistance level and resistance at $65,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $68,000 before any pullback. The second major resistance level sits at $66,013.

Failure to avoid a fall back through the $62,317 pivot would bring the first major support level at $61,079 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of sub-$60,000 levels. The second major support level sits at $58,621.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 14th, 2021

Ethereum

Ethereum rallied by 7.57% on Tuesday. Reversing a 0.58% loss from Monday, Ethereum ended the day at $2,299.92.

A mixed start to the day saw Ethereum fall to an early morning intraday low $2,135.9 before making a move.

Steering clear of the first major support level at $2,094.02, Ethereum surged to a late intraday high and a new swing hi $2,317.3.

Ethereum broke through the first major resistance level at $2,191 and the second major resistance level at $2,243 before easing back.

Coming within range of the third major resistance level at $2,340, Ethereum eased back to end the day at sub-$2,300 levels.

At the time of writing, Ethereum was down by 0.30% to $2,293.00. A mixed start to the day saw Ethereum rise to an early morning high $2,310.87 before falling to a low $2,291.24.

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

ETHUSD 140421 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $2,251 to support a run at the first major resistance level at $2,366.

Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s new swing hi $2,317.3.

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 $2,500 before any pullback. The second major resistance level sits at $2,432.

Failure to avoid a fall through the $2,251 pivot would bring the first major support level at $2,185 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,100 levels. The second major support level sits at $2,070.

Looking at the Technical Indicators

First Major Support Level: $2,185

Pivot Level: $2,251

First Major Resistance Level: $2,366

23.6% FIB Retracement Level: $1,790

38.2% FIB Retracement Level: $1,4633

62% FIB Retracement Level: $935

Litecoin

Litecoin rallied by 9.56% on Tuesday. Reversing a 3.15% loss from Monday, Litecoin ended the day at $267.77.

A bullish start to the day saw Litecoin rise from an early morning intraday low $244.33 to a late intraday high and a new swing hi $273.30.

Litecoin broke through the first major resistance level at $255 and the second major resistance level at $266.

Late in the day, Litecoin briefly fell back through the second major resistance level before wrapping up the day at $267 levels.

At the time of writing, Litecoin was up by 0.47% to $269.04. A bullish start to the day saw Litecoin rise from an early morning low $267.02 to a high $269.13.

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

LTCUSD 140421 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $262 pivot level to support a run at the first major resistance level at $279.

Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s new swing hi $273.30.

Barring an extended crypto rally, the first major resistance level and resistance at $280 would likely cap any upside.

In the event of an extended rally, Litecoin could test resistance at $300 before any pullback. The second major resistance level sits at $291.

Failure to avoid a fall through the $262 pivot level would bring the first major support level at $250 into play.

Barring an extended sell-off, Litecoin should continue to steer well clear of the second major support level at $233.

Looking at the Technical Indicators

First Major Support Level: $250

Pivot Level: $262

First Major Resistance Level: $279

23.6% FIB Retracement Level: $215

38.2% FIB Retracement Level: $179

62% FIB Retracement Level: $120

Ripple’s XRP

Ripple’s XRP jumped by 22.24% on Tuesday. Following on from an 8.71% rally on Monday, Ripple’s XRP ended the day at $1.79583.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.41863 before making a move.

Steering clear of the first major support level at $1.3651, Ripple’s XRP rallied to a late intraday high and a new swing hi $1.88933.

Ripple’s XRP broke through the day’s major resistance levels before easing back to sub-$1.80 levels.

Ripple’s XRP briefly fell back through the third major resistance level at $1.7385 before wrapping up the day at $1.79 levels.

At the time of writing, Ripple’s XRP was up by 1.14% to $1.81628. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.7845 before rising to a high $1.8438.

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

XRPUSD 140421 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $1.7013 pivot level to bring the first major resistance level at $1.9839 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s new swing hi $1.88933.

Barring an extended crypto rally, the first major resistance level and resistance at $2.00 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at $2.20 levels before any pullback. The second major resistance level sits at $2.1720.

Failure to avoid a fall through the $1.7013 pivot would bring the first major support level at $1.5132 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.50 levels. The second major support level sits at $1.2306.

Looking at the Technical Indicators

First Major Support Level: $1.5132

Pivot Level: $1.7013

First Major resistance Level: $1.9839

23.6% FIB Retracement Level: $1.4840

38.2% FIB Retracement Level: $1.2333

62% FIB Retracement Level: $0.8280

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

Thanks, Bob

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 13th, 2021

Ethereum

Ethereum fell by 0.58% on Monday. Partially reversing a 0.82% gain from Sunday, Ethereum ended the day at $2,138.03.

A mixed start to the day saw Ethereum rise to a mid-morning intraday high and a new swing hi $2,199.11 before hitting reverse.

Ethereum broke through the first major resistance level at $2,172 and the second major resistance level at $2,193.

Coming up against resistance at $2,200, Ethereum slid to a late afternoon intraday low $2,102.55.

The reversal saw Ethereum fall through the first major support level at $2,121 before ending the day at $2,138 levels.

At the time of writing, Ethereum was up by 0.21% to $2,142.50. A mixed start to the day saw Ethereum fall to an early morning low $2,135.90 before rising to a high $2,145.19.

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

ETHUSD 130421 Hourly Chart

For the day ahead

Ethereum would need to move through the pivot level at $2,147 to support a run at the first major resistance level at $2,191.

Support from the broader market would be needed, however, for Ethereum to break back through to $2,190 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s new swing hi $2,199.11 would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at $2,300 before any pullback. The second major resistance level sits at $2,243.

Failure to move through the $2,147 pivot would bring the first major support level at $2,094 into play.

Barring an extended sell-off, however, Ethereum should continue to steer clear of sub-$2,050 levels. The second major support level at $2,050 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,094

Pivot Level: $2,147

First Major Resistance Level: $2,191

23.6% FIB Retracement Level: $1,699

38.2% FIB Retracement Level: $1,390

62% FIB Retracement Level: $890

Litecoin

Litecoin fell by 3.15% on Monday. Following on from a 1.49% decline on Sunday, Litecoin ended the day at $244.35.

A bullish start to the day saw Litecoin rise to a late morning intraday high $258.69 before hitting reverse.

Falling short of the first major resistance level at $261, Litecoin fell to a mid-afternoon intraday low $240.14.

Litecoin fell through the first major support level at $246 before briefly revisiting $247 levels late in the day.

A bearish end to the day, however, saw Litecoin fall back through the first major support level to end the day at $244 levels.

At the time of writing, Litecoin was up by 0.75% to $246.19. A bullish start to the day saw Litecoin rise from an early morning low $244.33 to a high $246.24.

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

LTCUSD 130421 Hourly Chart

For the day ahead

Litecoin would need to move through the $248 pivot level to support a run at the first major resistance level at $255.

Support from the broader market would be needed, however, for Litecoin to break out from $250 levels.

Barring an extended crypto rally, the first major resistance level and Monday’s high $258.69 would likely cap any upside.

In the event of an extended rally, Litecoin could test resistance at $270 before any pullback. The second major resistance level sits at $266.

Failure to move through the $248 pivot level would bring the first major support level at $237 into play.

Barring an extended sell-off, Litecoin should steer well clear of the second major support level at $229.

Looking at the Technical Indicators

First Major Support Level: $237

Pivot Level: $248

First Major Resistance Level: $255

23.6% FIB Retracement Level: $207

38.2% FIB Retracement Level: $172

62% FIB Retracement Level: $116

Ripple’s XRP

Ripple’s XRP rallied by 8.71% on Monday. Reversing a 1.32% fall from Sunday, Ripple’s XRP ended the day at $1.46819.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.31763 before making a move.

Steering clear of the first major support level at $1.2623, Ripple’s XRP rallied to a final hour intraday high $1.47648.

Ripple’s XRP broke through the first major resistance level at $1.4696 before easing back.

At the time of writing, Ripple’s XRP was down by 1.09% to $1.45222. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.47955 before falling to a low $1.44571.

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

XRPUSD 130421 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid a fall through the $1.4208 pivot level to bring the first major resistance level at $1.5239 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from this morning’s high $1.47955.

Barring an extended crypto rally, the first major resistance level and Sunday’s new swing hi $1.49667 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at $1.60 levels before any pullback. The second major resistance level sits at $1.5796.

Failure to avoid a fall through the $1.4208 pivot would bring the first major support level at $1.3651 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.30 levels. The second major support level sits at $1.2619.

Looking at the Technical Indicators

First Major Support Level: $1.3651

Pivot Level: $1.4208

First Major resistance Level: $1.5239

23.6% FIB Retracement Level: $1.1841

38.2% FIB Retracement Level: $0.9907

62% FIB Retracement Level: $0.6781

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

Thanks, Bob

The Crypto Daily – Movers and Shakers – April 12th, 2021

Bitcoin, BTC to USD, rose by 0.36% on Sunday. Following on from a 2.89% gain on Saturday, Bitcoin ended the week up by 3.08% to $60,032.0.

A bullish start to the day saw Bitcoin rise to an early morning intraday high $60,722.0 before hitting reverse.

Falling short of the first major resistance level at $61,403, Bitcoin fell to an early afternoon intraday low $59,308.0.

Steering clear of the first major support level at $58,060, Bitcoin revisited $60,200 levels before easing back.

The near-term bullish trend remained intact supported by the latest move back through to $61,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Sunday.

Crypto.com Coin fell by 2.32% to lead the way down.

Litecoin (-1.49%), Polkadot (-1.02%), and Ripple’s XRP (-1.32%) also saw red.

It was a bullish day for the rest of the majors, however.

Binance Coin rallied by 11.55% to lead the way.

Cardano’s ADA (+3.81%) and Chainlink (+6.00%) also making solid gains.

Bitcoin Cash SV (+1.59%), and Ethereum (+0.82%) also joined Bitcoin in the green.

For the week, it was also mixed for the majors.

Polkadot slid by 9.51%, with Crypto.com Coin falling by 0.19% to buck the trend.

It was a bullish week for the rest of the majors.

Ripple’s XRP led the way, surging by 113.1%, with Binance Coin jumping by 50.6%.

Bitcoin Cash SV (+20.59%) and Litecoin (+24.81%) also made solid gains in the week.

Cardano’s ADA (+6.84%), Chainlink (+10.03%), and Ethereum (+3.58%) trailed the front runners, however.

In the week, the crypto total market fell to a Wednesday low $1,782bn before rising to a Saturday high $2,064bn. At the time of writing, the total market cap stood at $2,000bn.

Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Sunday low 55.13%. At the time of writing, Bitcoin’s dominance stood at 55.70%.

This Morning

At the time of writing, Bitcoin was down by 0.49% to $59,738.1. A mixed start to the day saw Bitcoin rise to an early morning high $60,406.0 before falling to a low $59,669.0.

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

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (+0.41%), Cardano’s ADA (+0.86%), and Crypto.com Coin (+0.90%) bucked the trend early on.

It was a bearish start for the rest of the majors, however.

At the time of writing, Litecoin was down by 1.08% to lead the way down.

BTCUSD 120421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $60,021 to bring the first major resistance level at $60,733 into play.

Support from the broader market would be needed for Bitcoin to break through Sunday’s high $60,722.0.

Barring an extended crypto rally, the first major resistance level and resistance $61,000 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at the March swing hi $61,699 before any pullback. The second major resistance level sits at $61,435.

Failure to move back through the $60,021 pivot would bring the first major support level at $59,319 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of the second major support level at $58,607.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 12th, 2021

Ethereum

Ethereum rose by 0.82% on Sunday. Following on from a 3.22% gain from Saturday, Ethereum ended the week up by 3.58% to $2150.54.

A mixed start to the day saw Ethereum fall to a mid-morning intraday low $2,112.58 before making a move.

Steering clear of the first major support level at $2,062, Ethereum rose to a late intraday high $2,163.18.

Falling short of the first major resistance level at $2,200, Ethereum eased back to end the day at $2,150 levels.

At the time of writing, Ethereum was down by 0.16% to $2,147.20. A mixed start to the day saw Ethereum rise to an early morning high $2,160.60 before falling to a low $2,147.00.

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

ETHUSD 120421 Hourly Chart

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $2,142 to support a run at the first major resistance level at $2,172.

Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $2,163.18

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 $2,200 before any pullback. The second major resistance level sits at $2,193.

Failure to avoid a fall through the $2,142 pivot would bring the first major support level at $2,121 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,050 levels. The second major support level at $2,092 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,121

Pivot Level: $2,142

First Major Resistance Level: $2,172

23.6% FIB Retracement Level: $1,696

38.2% FIB Retracement Level: $1,387

62% FIB Retracement Level: $888

Litecoin

Litecoin fell by 1.49% on Sunday. Partially reversing a 15.75% breakout from Saturday, Litecoin ended the week up by 24.81% to $252.44.

A bullish start to the day saw Litecoin rise to a mid-morning intraday high and a new swing hi $262.98 before hitting reverse.

Falling short of the first major resistance level at $269, Litecoin fell to a late afternoon intraday low $244.48.

Steering clear of the first major support level at $231, Litecoin moved back through to $252 levels to limit the loss on the day.

At the time of writing, Litecoin was down by 0.23% to $251.86. A mixed start to the day saw Litecoin rise to an early morning high $254.96 before falling to a low $251.72.

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

LTCUSD 120421 Hourly Chart

For the day ahead

Litecoin would need to move through the $255 pivot level to support a run at the first major resistance level at $261.

Support from the broader market would be needed, however, for Litecoin to break back through to $260 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $262.98 would likely cap any upside.

In the event of an extended rally, Litecoin could test the second major resistance level at $270.

Failure to move through the $255 pivot level would bring the first major support level at $246 into play.

Barring an extended sell-off, Litecoin should continue to steer well clear of the second major support level at $240.

Looking at the Technical Indicators

First Major Support Level: $246

Pivot Level: $255

First Major Resistance Level: $261

23.6% FIB Retracement Level: $207

38.2% FIB Retracement Level: $172

62% FIB Retracement Level: $116

Ripple’s XRP

Ripple’s XRP fell by 1.32% on Sunday. Following a 34.82% surge on Saturday, Ripple’s XRP ended the week up by 113.1% to $1.35243.

A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high and a new swing hi $1.49667.

Falling short of the first major resistance level at $1.5131, Ripple’s XRP slid to a mid-day intraday low $1.28937.

Steering clear of the first major support level at $1.1202, Ripple’s XRP revisited $1.41 levels before falling back into the red.

At the time of writing, Ripple’s XRP was down by 0.56% to $1.34483. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.36699 before falling to a low $1.34162.

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

XRPUSD 120421 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $1.3795 pivot level to bring the first major resistance level at $1.4696 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from $1.45 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s new swing hi $1.49667 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at $1.60 levels before any pullback. The second major resistance level sits at $1.5868.

Failure to move through the $1.3795 pivot would bring the first major support level at $1.2623 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the 23.6% FIB of $1.1841. The second major support level sits at $1.1722.

Looking at the Technical Indicators

First Major Support Level: $1.2623

Pivot Level: $1.3795

First Major resistance Level: $1.4696

23.6% FIB Retracement Level: $1.1841

38.2% FIB Retracement Level: $0.9907

62% FIB Retracement Level: $0.6781

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

Thanks, Bob

The Crypto Daily – Movers and Shakers – April 11th, 2021

Bitcoin, BTC to USD, rose by 2.89% on Saturday. Following on from a 0.04% gain on Friday, Bitcoin ended the day at $59,812.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $57,900.0 before making a move.

Steering clear of the first major support level at $57,602, Bitcoin rallied to an early morning intraday high $61,243.0.

Bitcoin broke through the day’s major resistance levels to come within range of the March swing hi $61,699.0 before hitting reverse.

The reversal saw Bitcoin slide back to sub-$58,500 levels before finding support.

Bitcoin broke back through the first major resistance level at $58,777 and the second major resistance level at $59,420 to end the day at $59,800 levels.

The near-term bullish trend remained intact supported by the latest move back through to $61,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Saturday.

Polkadot fell by 0.88% to buck the trend on the day.

It was a bullish day for the rest of the majors, however.

Ripple’s XRP surged by 34.82% to lead the way, with Litecoin rallying by 15.75%.

Binance Coin  (+3.96%), Crypto.com Coin (+2.81%), and Ethereum (+3.22%) made relatively solid gains.

Bitcoin Cash SV (+0.32%), Cardano’s ADA (+1.21%), and Chainlink (+1.03%) trailed the front runners, however.

In the current week, the crypto total market fell to a Wednesday low $1,782bn before rising to a Saturday high $2,064bn. At the time of writing, the total market cap stood at $2,010bn.

Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Saturday low 55.40%. At the time of writing, Bitcoin’s dominance stood at 56.29%.

This Morning

At the time of writing, Bitcoin was up by 1.22% to $60,541.0. A mixed start to the day saw Bitcoin fall to an early morning low $59,651.0 before rising to a high $60,624.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.12%), Litecoin (-1.77%), and Polkadot (-2.42%) saw red to buck the trend early on.

It was a bullish start for the rest of the majors, however.

At the time of writing, Ripple’s XRP was up by 4.74% to lead the way.

BTCUSD 110421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall back through the pivot level at $59,652 to bring the first major resistance level at $61,403 into play.

Support from the broader market would be needed for Bitcoin to break out from Saturday’s high $61,243.0.

Barring an extended crypto rally, the first major resistance level and resistance at the March swing hi $61,699 would likely cap any upside.

In the event of another extended crypto rally, Bitcoin could test resistance at $65,000 before any pullback. The second major resistance level sits at $62,995.

Failure to avoid a fall back through the $59,652 pivot would bring the first major support level at $58,060 into play.

Barring another extended sell-off on the day, Bitcoin should steer well clear of the second major support level at $56,309.

The Crypto Daily – Movers and Shakers – April 10th, 2021

Bitcoin, BTC to USD, rose by 0.04% on Friday. Following on from a 3.84% gain on Thursday, Bitcoin ended the day at $58,134.0.

A mixed start to the day saw Bitcoin fall to a late morning intraday low $57,713.0 before making a move.

Steering clear of the first major support level at $56,498, Bitcoin rallied to a late morning intraday high $58,777.0.

Falling short of the first major resistance level at $58,939, Bitcoin eased back to sub-$58,000 levels.

Finding late support, however, Bitcoin broke back through to $58,000 levels to end the day flat.

The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Friday.

Binance Coin  and Bitcoin Cash SV rallied by 8.29% and by 8.85% to lead the way. Crypto.com Coin (+5.11%) also found support to buck the broader trend on the day.

It was a bearish day for the rest of the majors, however.

Chainlink (-3.65%) and Ripple’s XRP (-3.66%) led the way down.

Cardano’s ADA (-1.45%), Ethereum (-0.73%), and Litecoin (-2.25%), and Polkadot (-1.41%) also struggled, however.

In the current week, the crypto total market rose to a Tuesday high $1,992bn before falling to a Wednesday low $1,782bn. At the time of writing, the total market cap stood at $1,916bn.

Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Wednesday low 55.75%. At the time of writing, Bitcoin’s dominance stood at 56.46%.

This Morning

At the time of writing, Bitcoin was down by 0.30% to $57,958.1. A mixed start to the day saw Bitcoin rise to an early morning high $58,311.0 before falling to a low $57,924.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (+0.33%), Crypto.com Coin (+0.67%), and Ripple’s XRP (+0.05%) found early support.

It was a bearish start for the rest of the majors, however.

At the time of writing, Litecoin was down by 0.62% to lead the way down.

BTCUSD 100421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move back through the pivot level at $58,245 to bring the first major resistance level at $58,777 into play.

Support from the broader market would be needed for Bitcoin to break out from $58,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,420.

Failure to move back through the $58,245 pivot would bring the first major support level at $57,602 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$57,000 levels. The second major support level at $57,070 should limit the downside.

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

Ethereum

Ethereum fell by 0.73% on Friday. Partially reversing a 5.93% gain from Thursday, Ethereum ended the day at $2,066.03.

A mixed start to the day saw Ethereum rise to a late morning intraday high $2,100.00 before hitting reverse.

Falling short of the first major resistance level at $2,127, Ethereum fell to a late afternoon intraday low $2,048.41.

Steering clear of 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 was down by 0.16% to $2,062.72. A mixed start to the day saw Ethereum rise to an early morning high $2,067.66 before falling to a low $2,060.00.

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

ETHUSD 100421 Hourly Chart

For the day ahead

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

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

Barring an extended crypto rally, the first major resistance level and Friday’s high $2,100 would likely cap any upside.

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

Failure to move through the $2,072 pivot would bring the first major support level at $2,043 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,000 levels. The second major support level at $2,020 should limit the downside.

Looking at the 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: $1,360

62% FIB Retracement Level: $872

Litecoin

Litecoin fell by 2.25% on Friday. Reversing most of a 3.21% gain from Thursday, Litecoin ended the day at $221.07.

A bullish start to the day saw Litecoin rise to an early morning intraday high $228.96 before hitting reverse.

Falling short of the first major resistance level at $231, Litecoin fell to late intraday low $218.84.

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

At the time of writing, Litecoin was down by 0.19% to $220.64. A mixed start to the day saw Litecoin rise to an early morning high $221.47 before falling to a low $220.57.

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

LTCUSD 100421 Hourly Chart

For the day ahead

Litecoin would need to move through the $223 pivot level to support a run at the first major resistance level at $227.

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

Barring an extended crypto rally, the first major resistance level and Friday’s high $228.96 would likely cap any upside.

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

Failure to move through the $223 pivot level would bring the first major support level at $217 into play.

Barring another extended sell-off, Litecoin should continue to steer clear of sub-$210 support levels. The second major support level at $213 should limit the downside.

Looking at the 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’s XRP

Ripple’s XRP fell by 3.66% on Friday. Partially reversing Thursday’s 15.89% breakout, Ripple’s XRP ended the day at $1.01837.

A mixed start to the day saw Ripple’s XRP fall to an early afternoon intraday low $0.98012 before making a move.

Steering clear of the first major support level at $0.9521, Ripple’s XRP rallied to a late intraday high $1.08327.

Falling short of the first major resistance level at $1.1226, Ripple’s XRP fell back to end the day at sub-$1.02 levels.

At the time of writing, Ripple’s XRP was down by 0.45% to $1.01379. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.02255 before falling to a low $1.00568.

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

XRPUSD 100421 Hourly Chart

For the day ahead

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

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

Barring an extended crypto rally, the first major resistance level and Friday’s high $1.08327 would likely cap any upside.

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

Failure to move through the $1.0273 pivot would bring the first major resistance level at $0.9712 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.95 levels. The second major support level sits at $0.9241.

Looking at the 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% FIB Retracement Level: $0.5340

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

Thanks, Bob

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 9th, 2021

Ethereum

Ethereum rose by 5.93% on Thursday. Partially reversing a 7.06% slide from Wednesday, Ethereum ended the day at $2,081.29.

A bearish start to the day saw Ethereum fall to an early morning intraday low $1,949.34 before making a move.

Steering clear of the first major support level at $1,886, Ethereum rallied to a late intraday high $2,084.54.

Coming in range of the first major resistance level at $2,086, Ethereum eased back to end the day at $2,081 levels.

At the time of writing, Ethereum was up by 0.18% to $2,085.02. A mixed start to the day saw Ethereum fall to an early morning low $2,078.35 before rising to a high $2.088.18.

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

ETHUSD 090421 Hourly Chart

For the day ahead

Ethereum would need to avoid the pivot level at $2,038 to support a run at the first major resistance level at $2,127.

Support from the broader market would be needed, however, for Ethereum to break out from this morning’s high $2,088.18.

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 $2,200 before any pullback. The second major resistance level sits at $2,174.

Failure to avoid a fall through the $2,038 pivot would bring the first major support level at $1,992 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $1,903.

Looking at the Technical Indicators

First Major Support Level: $1,992

Pivot Level: $2,038

First Major Resistance Level: $2,127

23.6% FIB Retracement Level: $1,662

38.2% FIB Retracement Level: $1,360

62% FIB Retracement Level: $872

Litecoin

Litecoin rose by 3.21% on Thursday. Partially reversing Wednesday’s 7.68% slide, Litecoin ended the day at $226.24.

A mixed start to the day saw Litecoin rise to a late morning high $227.48 before hitting reverse.

Falling short of the first major resistance level at $238, Litecoin fell to late morning intraday low $217.00.

Steering clear of the first major support level at $206, Litecoin struck a late intraday high $228.00 before easing back.

At the time of writing, Litecoin was up by 0.32% to $226.97. A bullish start to the day saw Litecoin rise from an early morning low $226.04 to a high $227.96.

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

LTCUSD 090421 Hourly Chart

For the day ahead

Litecoin would need to avoid a fall through the $224 pivot level to support a run at the first major resistance level at $231.

Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $228.00.

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 $240 before any pullback. The second major resistance level sits at $235.

Failure to avoid the $224 pivot level would bring the first major support level at $220 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$210 support levels. The second major support level at $213 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $220

Pivot Level: $224

First Major Resistance Level: $231

23.6% FIB Retracement Level: $195

38.2% FIB Retracement Level: $163

62% FIB Retracement Level: $110

Ripple’s XRP

Ripple’s XRP surged by 15.89% on Thursday. Reversing most of a 16.64% tumble from Wednesday, Ripple’s XRP ended the day at $1.06262.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.90155 before making a move.

Steering clear of the first major support level at $0.8093, Ripple’s XRP rallied to a late intraday high $1.07202.

Ripple’s XRP broke through the first major resistance level at $1.0655 before easing back to sub-$1.065 levels.

At the time of writing, Ripple’s XRP was down by 0.75% to $1.05466. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.06093 before falling to a low $1.04164.

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

XRPUSD 090421 Hourly Chart

For the day ahead

Ripple’s XRP will need to avoid the $1.0121 pivot level to bring the first major resistance level at $1.1226 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s new swing hi $1.1196.

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 $1.20 levels before any pullback. The second major resistance level sits at $1.1825.

A fall through the $1.0121 pivot would bring the first major resistance level at $0.9521 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.8416. The 23.6% FIB of $0.8960 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.9521

Pivot Level: $1.0121

First Major resistance Level: $1.1226

23.6% FIB Retracement Level: $0.8960

38.2% FIB Retracement Level: $0.7577

62% FIB Retracement Level: $0.5340

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

Thanks, Bob

The Crypto Daily – Movers and Shakers – April 9th, 2021

Bitcoin, BTC to USD, rose by 3.84% on Thursday. Reversing a 3.50% loss from Wednesday, Bitcoin ended the day at $58,110.0.

A mixed start to the day saw Bitcoin fall to an early morning intraday low $55,714.0 before making a move.

Steering clear of the first major support level at $54,798, Bitcoin rallied to a late intraday high $58,155.0.

Bitcoin broke through the first major resistance level at $57,882 before a fall back to $57,500 levels.

Finding late support, however, Bitcoin broke back through the first major resistance level to end the day at $58,000 levels.

The near-term bullish trend remained intact in spite of the latest pullback. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bullish day on Thursday.

Ripple’s XRP jumped by 15.89% to lead the way, with Binance Coin  rallying by 11.65%.

Cardano’s ADA (+4.02%), Chainlink (+5.35%), Crypto.com Coin (+7.31%), Ethereum (+5.93%), and Litecoin (+3.21%) also found strong support.

Bitcoin Cash SV (+2.79%) and Polkadot (+0.81%) trailed the front runners, however.

In the current week, the crypto total market rose to a Tuesday high $1,992bn before falling to a Wednesday low $1,783tn. At the time of writing, the total market cap stood at $1,920bn.

Bitcoin’s dominance rose to a Monday high 58.33% before falling to a Wednesday low 55.75%. At the time of writing, Bitcoin’s dominance stood at 56.55%.

This Morning

At the time of writing, Bitcoin was up by 0.05% to $58,138.3. A mixed start to the day saw Bitcoin rise to an early morning high $58,239.0 before falling to a low $58,063.0.

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

Elsewhere, it was a mixed start to the day.

Cardano’s ADA and Polkadot were down by 0.17% and by 0.07% to buck the trend early on, with Binance Coin flat.

At the time of writing, Crypto.com Coin was up by 1.50%, however, to lead the way.

BTCUSD 090421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to avoid a fall through the pivot level at $57,326 to bring the first major resistance level at $58,939 into play.

Support from the broader market would be needed for Bitcoin to break out from $58,500 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $59,000 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $60,000 before any pullback. The second major resistance level sits at $59,767.

A fall through the $57,326 pivot would bring the first major support level at $56,498 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of sub-$55,000 levels. The second major support level sits at $54,885.

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 8th, 2021

Ethereum

Ethereum slid by 7.06% on Wednesday. Reversing a 0.26% gain from Tuesday, Ethereum ended the day at $1,964.23.

A bullish start to the day saw Ethereum rise to an early morning intraday high $2,128.99 before hitting reverse.

Falling short of the first major resistance level at $2,161, Ethereum fell to a mid-day intraday low $1,929.69.

The sell-off saw Ethereum fall through the first major support level at $2,056 and the second major support level at $1,998.

A choppy 2nd half of the day saw Ethereum revisit $2,000 levels and fall back through the first and second major support levels.

Late in the day, Ethereum revisited $2,000 levels for a 2nd time before falling back through the second major support level.

At the time of writing, Ethereum was down by 0.21% to $1,960.07. A mixed start to the day saw Ethereum rise to an early morning high $1,971.01 before falling to a low $1,949.34.

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

ETHUSD 080421 Hourly Chart

For the day ahead

Ethereum would need to move through the pivot level at $2,008 to support a run at the first major resistance level at $2,086.

Support from the broader market would be needed, however, for Ethereum to break back through to $2,050 levels.

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 $2,200 before any pullback. The second major resistance level sits at $2,207.

Failure to move through the $2,008 pivot would bring the first major support level at $1,886 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $1,808.

Looking at the Technical Indicators

First Major Support Level: $1,886

Pivot Level: $2,008

First Major Resistance Level: $2,086

23.6% FIB Retracement Level: $1,662

38.2% FIB Retracement Level: $1,360

62% FIB Retracement Level: $872

Litecoin

Litecoin slid by 7.68% on Wednesday. Reversing a 7.08% rally from Tuesday, Litecoin ended the day at $219.33.

A mixed start to the day saw Litecoin rise to an early morning high $242.96 before hitting reverse.

Falling short of the first major resistance level at $250, Litecoin slid to late morning intraday low $211.00.

Litecoin fell through the first major support level at $219 before briefly revisiting $226 levels.

A 2nd sell-off saw Litecoin briefly fall back through the first major support level before wrapping up the day at $219 levels.

At the time of writing, Litecoin was up by 0.21% to $219.78. A mixed start to the day saw Litecoin fall to an early morning low $217.70 before rising to a high $219.92.

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

LTCUSD 080421 Hourly Chart

For the day ahead

Litecoin would need to move through the $224 pivot level to support a run at the first major resistance level at $238.

Support from the broader market would be needed, however, for Litecoin to break back through to $230 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $242.96 would likely cap any upside.

In the event of an extended rally, Litecoin could test resistance at $250 before any pullback. The second major resistance level sits at $256.

Failure to move through the $224 pivot level would bring the first major support level at $206 into play.

Barring another extended sell-off, Litecoin should steer clear of the 23.6% FIB of $195. The second major support level sits at $193.

Looking at the Technical Indicators

First Major Support Level: $206

Pivot Level: $224

First Major Resistance Level: $238

23.6% FIB Retracement Level: $195

38.2% FIB Retracement Level: $163

62% FIB Retracement Level: $110

Ripple’s XRP

Ripple’s XRP tumbled by 16.64% on Wednesday. Partially reversing Tuesday’s 19.75% breakout, Ripple’s XRP ended the day at $0.91441.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.11142 before hitting reverse.

Falling short of the first major resistance level at $1.2093, Ripple’s XRP slid to a mid-day intraday low $0.85518.

The extended sell-off saw Ripple’s XRP fall through the 23.6% FIB of $0.8960 and the first major support level at $0.8951.

Steering clear of sub-$0.80 levels, Ripple’s XRP revisited $0.97 levels before ending the day at sub-$0.92 levels.

The 23.6% FIB of $0.8960 delivered support late in the day.

At the time of writing, Ripple’s XRP was down by 0.16% to $0.91297. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.92533 before falling to a low $0.90563.

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

XRPUSD 080421 Hourly Chart

For the day ahead

Ripple’s XRP will need to move through the $0.9603 pivot level to bring the first major resistance level at $1.0655 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.00 levels.

Barring an extended crypto rally, the first major resistance level and Wednesday’s high $1.11142 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.2166.

Failure to move through the $0.9603 pivot would bring the 23.6% FIB of $0.8960 and the first major resistance level at $0.8093 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the 38.2% FIB of $0.7577. The second major support level sits at $0.7041.

Looking at the Technical Indicators

First Major Support Level: $0.8093

Pivot Level: $0.9603

First Major resistance Level: $1.0655

23.6% FIB Retracement Level: $0.8960

38.2% FIB Retracement Level: $0.7577

62% FIB Retracement Level: $0.5340

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

Thanks, Bob

The Crypto Daily – Movers and Shakers – April 7th, 2021

Bitcoin, BTC to USD, fell by 1.95% on Tuesday. Reversing a 1.55% gain from Monday, Bitcoin ended the day at $57,991.0.

A mixed start to the day saw Bitcoin rise to an early morning intraday high $59,499.0 before hitting reverse.

Falling short of the first major resistance level at $59,980, Bitcoin fell to an early afternoon intraday low $57,401.0.

Bitcoin fell through the first major support level at $57,580 before briefly revisiting $58,200 levels.

Failing to move back through to $59,000 levels, Bitcoin eased back to end the day at sub-$58,000 levels.

The near-term bullish trend remained intact supported by the recovery from sub-$55,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $26,041 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a mixed day on Tuesday.

Crypto.com Coin and Polkadot slid by 7.12% and by 3.57% to buck the trend and join Bitcoin in the red.

It was a bullish day for the rest of the majors, however.

Ripple’s XRP jumped by 19.75% to lead the pack, with Binance Coin  (+9.63%), Chainlink (+7.38%), and Litecoin (+7.08%) also on the move.

Bitcoin Cash SV (+1.79%), Cardano’s ADA (+3.40%), and Ethereum (+0.26%) trailed the front runners, however.

In the current week, the crypto total market fell to a Monday low $1,815bn before rising to a Tuesday high $1,992bn. At the time of writing, the total market cap stood at $1,928bn.

Bitcoin’s dominance rose to a Monday high 58.43% before falling to a Tuesday low 55.77%. At the time of writing, Bitcoin’s dominance stood at 56.31%.

This Morning

At the time of writing, Bitcoin was up by 0.24% to $58,133.0. A mixed start to the day saw Bitcoin fall to an early morning low $57,958.0 before rising to a high $58,189.0.

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

Elsewhere, it was a mixed start to the day.

Binance Coin (-0.46%), Polkadot (-0.61%), and Ripple’s XRP (-0.29%) saw red to buck the trend early on.

It was a bullish start to the day for the rest of the majors, however.

At the time of writing, Crypto.com Coin and Litecoin were up by 1.89% and by 1.73% to lead the way.

BTCUSD 070421 Hourly Chart

For the Bitcoin Day Ahead

Bitcoin would need to move through the pivot level at $58,297 to bring the first major resistance level at $59,193 into play.

Support from the broader market would be needed for Bitcoin to break back through to $59,000 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $59,500 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at the March swing hi $61,699 before any pullback. The second major resistance level sits at $60,395.

Failure to move through the $58,297 pivot would bring the first major support level at $57,095 into play.

Barring another extended sell-off on the day, Bitcoin should steer clear of the second major support level at $56,199.