Ethereum
Ethereum fell by 0.77% on Sunday. Following a 1.45% fall from Saturday, Ethereum ended the week up by 11.65% to $1,803.75.
A bullish start to the day saw Ethereum rise to a mid-morning intraday high $1,852.47 before hitting reverse.
Coming up short of the first major resistance level at $1,875, Ethereum fell to a mid-afternoon intraday low $1,785.07.
Steering clear of the first major support level at $1,764, Ethereum revisited $1,830 levels before easing back.
At the time of writing, Ethereum was up by 0.32% to $1,809.50. A bullish start to the day saw Ethereum rise from an early morning low $1,803.25 to a high $1,814.00.
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 $1,814 to support a run at the first major resistance level at $1,843.
Support from the broader market would be needed, however, for Ethereum to break back through to $1,840 levels.
Barring an extended crypto rally, the first major resistance level and resistance at Saturday’s swing hi $1,877.88 would likely cap any upside.
In the event of an extended crypto rally, Ethereum could test resistance at $1,900 before any pullback. The second major resistance level sits at $1,881.
Failure to move through the $1,814 pivot would bring the first major support level at $1,775 into play.
Barring an extended sell-off, however, Ethereum should continue to steer clear of sub-$1,700 levels. The second major support level at $1,746 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $1,775
Pivot Level: $1,814
First Major Resistance Level: 1,843
23.6% FIB Retracement Level: $1,447
38.2% FIB Retracement Level: $1,186
62% FIB Retracement Level: $764
Litecoin
Litecoin slid by 5.54% on Sunday. Partially reversing a 14.92% jump from Saturday, Litecoin ended the week up by 41.05% to $213.93.
A mixed start to the day saw Litecoin slip to a mid-morning low $213.57 before making a move.
Finding mid-morning support, Litecoin struck a late morning intraday high and a new swing hi $230.81 before hitting reverse.
Falling well short of the first major resistance level at $240.09, Litecoin fell to a mid-afternoon intraday low $208.57.
Steering clear of the first major support level at $202.57, Litecoin revisited $220 levels before falling back into the deep red.
At the time of writing, Litecoin was down by 0.08% to $213.75. A mixed start to the day saw Litecoin rise to an early morning high $215.83 before falling to a low $213.15.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $217.77 pivot level to support a run at the first major resistance level at $226.97.
Support from the broader market would be needed, however, for Litecoin to breakout from $225 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s new swing hi $230.81 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $240 before any pullback. The second major resistance level sits at $240.01.
Failure to move through the $217.77 pivot level would bring the first major support level at $204.73 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$200 levels. The second major support level sits at $195.53.
Looking at the Technical Indicators
First Major Support Level: $204.73
Pivot Level: $217.77
First Major Resistance Level: $226.97
23.6% FIB Retracement Level: $182
38.2% FIB Retracement Level: $152
62% FIB Retracement Level: $104
Ripple’s XRP
Ripple’s XRP slid by 6.74% on Sunday. Reversing a 3.91% gain from Saturday, Ripple’s XRP ended the week up by 41.34% to $0.59259.
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $0.64031 before hitting reverse.
Falling short of the first major resistance level at $0.6706, Ripple’s XRP slid to an early afternoon intraday low $0.56213.
Ripple’s XRP fell through the first major support level at $0.5710 before briefly revisiting $0.61 levels.
A bearish end to the day, however, saw Ripple’s XRP fall back to end the day at sub-$0.60 levels.
At the time of writing, Ripple’s XRP was up by 1.36% to $0.60067. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.59312 to a high $0.60304.
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 back through the $0.5983 pivot level to bring the first major resistance level at $0.6346 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.63 levels.
Barring another extended crypto rally, the first major resistance level and Sunday’s high $0.64031 would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test the second major resistance level at $0.6765.
Failure to avoid a fall back through the $0.5983 pivot would bring the first major support level at $0.5564 and the 23.6% FIB of $0.5320 into play.
Barring an extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.5202.
Looking at the Technical Indicators
First Major Support Level: $0.5564
Pivot Level: $0.5983
First Major Resistance Level: $0.6346
23.6% FIB Retracement Level: $0.5320
38.2% FIB Retracement Level: $0.4632
62% FIB Retracement Level: $0.3521
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Thanks, Bob
This article was originally posted on FX Empire