Ethereum
Ethereum rose by 1.82% on Sunday. Following on from a 0.13% gain on Saturday, Ethereum ended the week down by 1.41% to $352.48.
A mixed start to the day saw Ethereum fall to an early morning intraday low $344.08 before making a move.
Steering clear of the first major support level at $342.86, Ethereum rose to a late intraday high $354.35.
Ethereum broke through the first major resistance level at $350.35 to wrap up the day at $352 levels. The second major resistance level at $354.52 had pinned Ethereum back late in the day.
At the time of writing, Ethereum was up by 0.53% to $354.36. A bullish start to the day saw Ethereum rise from an early morning low $352.36 to a high $356.12.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $350.30 pivot to support another run at the first major resistance level at $356.53.
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $356.12.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $350.30 pivot would bring the first major support level at $346.26 into play.
Barring another extended sell-off, however, Ethereum should avoid sub-$340 levels. The second major support level at $340.03 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $346.26
Pivot Level: $350.30
First Major Resistance Level: $356.53
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin rose by 2.52% on Sunday. Following on from a 1.47% gain on Saturday, Litecoin ended the week up by 1.35% to $46.70.
It was also a mixed start to the day. Litecoin fell to an early morning intraday low $45.31 before making a move.
Steering clear of the first major support level at $44.89, Litecoin rallied to a late intraday high $47.07.
Litecoin broke through the first major resistance level at $46.12 and the second major resistance level at $46.67.
A late pullback, however, saw Litecoin fall back through the second major resistance level to end the day at $46.7 levels.
At the time of writing, Litecoin was up by 0.45% to $46.91. A bullish start to the day saw Litecoin rise from an early morning low $46.68 to a high $47.09
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $46.36 pivot to support another run at the first major resistance level at $47.41.
Support from the broader market would be needed, however, for Litecoin to break back through to $47 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, Litecoin could test resistance at $48 before any pullback. The second major resistance level sits at $48.12.
Failure to avoid a fall through the $46.36 pivot level would bring the first major support level at $45.65 into play.
Barring another extended sell-off on the day, however, Litecoin should steer clear of sub-$45 levels. The second major support level sits at $44.60.
Looking at the Technical Indicators
First Major Support Level: $45.65
Pivot Level: $46.36
First Major Resistance Level: $47.41
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rallied by 6.50% on Sunday. Reversing a 0.57% loss from Saturday, Ripple’s XRP ended the week up by 1.86% to $0.24789.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.23180 before making a move.
Finding support at the first major support level at $0.2319, Ripple’s XRP rallied to a late intraday high $0.25031.
Ripple’s XRP broke through the day’s major resistance levels before easing back to wrap up the day at $0.247 levels.
In spite of the late pullback, Ripple’s XRP avoided a fall back through the third major resistance level at $0.2381.
At the time of writing, Ripple’s XRP was up by 1.96% to $0.25276. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.24789 to a high $0.25448.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid a fall through the $0.2433 pivot to support another run at the first major resistance level at $0.2549.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.25448.
Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of an extended rally, the second major resistance level at $0.2618 would likely come into play.
Failure to avoid a fall through the $0.2433 pivot would bring the first major support level at $0.2364 into play.
Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.23 levels. The second major support level sits at $0.2248.
Looking at the Technical Indicators
First Major Support Level: $0.2364
Pivot Level: $0.2433
First Major Resistance Level: $0.2549
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire