Ethereum
Ethereum slid by 7.45% on Thursday. Reversing a 5.13% gain from Wednesday, Ethereum ended the day at $2,107.01.
A mixed start to the day saw Ethereum rise to an early morning intraday high $2,277.44 before hitting reverse.
Falling short of the first major resistance level at $2,347, Ethereum tumbled to an early afternoon intraday low $2,072.06.
Ethereum fell through the first major support level at $2,148 before finding support.
Steering clear of the second major support level at $2,019, Ethereum returned to $2,100 levels to reduce the deficit.
At the time of writing, Ethereum was up by 1.01% to $2,128.37. A mixed start to the day saw Ethereum fall to an early morning low $2,097.64 before rising to a high $2,134.48.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $2,152 pivot to bring the first major resistance level at $2,232 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $2,200 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $2,277.44 would likely cap any upside.
In the event of a broad-based crypto rebound, Ethereum could test resistance at $2,400. The second major resistance level sits at $2,358.
Failure to move through the $2,152 pivot would bring the first major support level at $2,027 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,000 levels. The second major support level sits at $1,947.
Looking at the Technical Indicators
First Major Support Level: $2,027
Pivot Level: $2,152
First Major Resistance Level: $2,232
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin fell by 5.03% on Thursday. Following a 0.12% gain on Wednesday, Litecoin ended the day at $137.16.
Bearish from the start to the day, Litecoin fell from an early morning intraday high $144.43 to a late intraday low $134.15.
Litecoin fell through the first major support level at $138 before finding support. A partial recovery to $137 levels limited the damage on the day.
At the time of writing, Litecoin was up by 0.92% to $138.42. A mixed start to the day saw Litecoin fall to an early low $136.45 before rising to a high $139.00.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $139 pivot to bring the first major resistance level at $143 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $140 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $144.43 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $150. The second major resistance level sits at $149.
Failure to move through the $139 pivot would bring the first major support level at $133 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$130 levels. The second major support level sits at $128.
Looking at the Technical Indicators
First Major Support Level: $133
Pivot Level: $139
First Major Resistance Level: $143
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP slid by 6.24% on Thursday. Following a 0.60% loss on Wednesday, Ripple’s XRP ended the day at $0.66036.
Bearish from the start to the day, Ripple’s XRP fell from an early morning intraday high $0.70433 to a late intraday low $0.64500.
Ripple’s XRP fell through the first major support level at $0.6633 before a partial recovery and a return to $0.66 levels.
The first major first level at $0.6633 pegged Ripple’s XRP fell back late in the day.
At the time of writing, Ripple’s XRP was up by 0.74% to $0.66525. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.65810 before rising to a high $0.66686.
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 $0.6699 pivot to bring the first major resistance level at $0.6948 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.69 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $0.70433 would likely cap any upside.
In the event of another breakout, Ripple’s XRP could test resistance at $0.75. The second major resistance level sits at $0.7292.
Failure to move through the $0.6699 pivot would bring the first major support level at $0.6355 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.6106.
Looking at the Technical Indicators
First Major Support Level: $0.6355
Pivot Level: $0.6699
First Major resistance Level: $0.6948
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
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Thanks, Bob
This article was originally posted on FX Empire