Ethereum
Ethereum slid by 5.46% on Monday. Partially reversing a 12.92% rally from Sunday, Ethereum ended the day at $1,317.97.
A bullish start to the day saw Ethereum rally to an early morning intraday high and a new swing hi $1,477.30 before hitting reverse.
Ethereum broke through first major resistance level at $1,457 before falling to a late intraday low $1,293.65.
Steering clear of the first major support level at $1,277, Ethereum moved back through to $1,300 levels to limit the downside.
At the time of writing, Ethereum was up by 1.69% to $1,340.19. A mixed start to the day saw Ethereum fall to an early morning low $1,301.05 before striking a high $1,340.19.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the pivot level at $1,363 to support a run at the first major resistance level at $1,432.
Support from the broader market would be needed, however, for Ethereum to break back through to $1,400 levels.
Barring an extended crypto rally, the first major resistance level and swing hi $1,477.30 would likely cap any upside.
In the event of another extended crypto rally, Ethereum could test resistance at $1,550 before any pullback. The second major resistance level sits at $1,547.
Failure to move through the $1,363 pivot would bring the first major support level at $1,249 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$1,200 levels. The second major support level sits at $1,179.
Looking at the Technical Indicators
First Major Support Level: $1,249
Pivot Level: $1,363
First Major Resistance Level: $1,432
23.6% FIB Retracement Level: $1,148
38.2% FIB Retracement Level: $944
62% FIB Retracement Level: $614
Litecoin
Litecoin fell by 2.86% on Monday. Reversing a 2.43% gain from Sunday, Litecoin ended the day at $137.13.
A mixed start to the day saw Litecoin surge to an early morning intraday high $147.69.
Litecoin broke through the first major resistance level at $144.55 before hitting reverse.
Coming up against the first major resistance level at $147.98 and the 23.6% FIB of $148, Litecoin slid to a late intraday low $136.62.
Steering clear of the first major support level at $135.78, Litecoin moved back through to $137 levels to limit the loss on the day.
At the time of writing, Litecoin was up by 0.84% to $138.28. A mixed start to the day saw Litecoin fall to an early morning low $136.09 before rising to a high $138.50.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $140.48 pivot level to support a run at the first major resistance level at $144.34 and the 23.6% FIB.
Support from the broader market would be needed, however, for Litecoin to break out from $140 levels.
Barring an extended crypto rally, the first major resistance level and 23.6% FIB of $148 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $155 before any pullback. The second major resistance level sits at $151.55.
Failure to move through the $140.48 pivot level would bring first major support level at $133.27 into play.
Barring another extended sell-off, Litecoin should steer clear of the second major support level at $129.41.
Looking at the Technical Indicators
First Major Support Level: $133.27
Pivot Level: $140.48
First Major Resistance Level: $144.34
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87
Ripple’s XRP
Ripple’s XRP fell by 2.13% on Monday. Reversing a 0.62% gain from Sunday, Ripple’s XRP ended the day at $0.26768.
A choppy start to the day saw Ripple’s XRP rally to an early morning high $0.28141 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $0.2783 before sliding to a late morning low $0.27243.
Steering clear of the first major support level at $0.2684, Ripple’s XRP rallied to a mid-afternoon intraday high $0.28500.
Ripple’s XRP broke through the first major resistance level at $0.2783 and the second major resistance level at $0.2830.
A late sell-off, however, saw Ripple’s XRP slide to an intraday low $0.26667.
Ripple’s XRP fell through the first major support level at $0.2684 to end the day at $0.267 levels.
At the time of writing, Ripple’s XRP was down by 0.07% to $0.26748. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.2650 before rising to a high $0.2678.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move through the $0.2731 pivot level to bring the first major resistance level at $0.2796 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.2750 levels.
Barring an extended crypto rally, the first major resistance and Monday’s high $0.2850 would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.29 before any pullback. The second major resistance sits at $0.2914.
Failure to move through the $0.2731 pivot would bring the first major support level at $0.2612 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of the second major support level at $0.2548.
Looking at the Technical Indicators
First Major Support Level: $0.2612
Pivot Level: $0.2731
First Major Resistance Level: $0.2796
23.6% FIB Retracement Level: $0.6274
38.2% FIB Retracement Level: $0.5285
62% FIB Retracement Level: $0.3687
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Thanks, Bob
This article was originally posted on FX Empire