Ethereum
Ethereum fell by 4.97% on Monday. Reversing a 1.36% gain from Sunday, Ethereum ended the day at $3,146.6.
A bullish start to the day saw Ethereum rise to an early morning intraday high $3,341.47 before hitting reverse.
Falling short of the 23.6% FIB of $3,369 and the first major resistance level at $3,385, Ethereum slid to a late intraday low $3,135.00.
Ethereum fell through the first major support level at $3,175 to end the day at sub-$3,150 levels.
At the time of writing, Ethereum was up by 0.09% to $3,149.35. A mixed start to the day saw Ethereum rise to an early morning high $3,164.15 before falling to a low $3,141.12.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through $3,208 pivot to bring the first major resistance level at $3,280 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $3,250 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $3,300 would likely cap any upside.
In the event of another broad-based crypto rally, Ethereum could test resistance at $3,500. The second major resistance level sits at $3,414. Ethereum would need plenty of support, however, to breakout from the 23.6% FIB of $3,369.
Failure to move through the $3,208 pivot would bring the first major support level at $3,074 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level at $3,001 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $3,074
Pivot Level: $3,208
First Major Resistance Level: $3,280
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin fell by 3.69% on Monday. Reversing a 1.01% gain from Sunday, Litecoin ended the day at $177.94.
A bullish start to the day saw Litecoin rise to a late morning intraday high $189.12 before hitting reverse.
Coming up against the first major resistance level at $189, Litecoin slid to a late intraday low $177.54.
Support at the 23.6% FIB of $178 and the first major support level at $178 limited the downside on the day.
At the time of writing, Litecoin was up by 0.02% to $177.98. A mixed start to the day saw Litecoin fall to an early morning low $177.34 before rising to a high $179.22.
While Litecoin left the major support and resistance levels untested, Litecoin briefly broke through the 23.6% FIB of $178.
For the day ahead
Litecoin would need to move through the 23.6% FIB of $178 and the $182 pivot to bring the first major resistance level at $186 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $185 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level at sits $193.
Failure to move through the $182 pivot would bring the first major support level at $174 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level at $170 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $174
Pivot Level: $182
First Major Resistance Level: $186
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 7.84% on Monday. Reversing a 0.41% gain from Sunday, Ripple’s XRP ended the day at $1.18541.
A bullish start to the day saw Ripple’s XRP rise to an early morning intraday high $1.32844 before hitting reverse.
Falling short of the first major resistance level at $1.3476, Ripple’s XRP slid to a late intraday low $1.14175.
Ripple’s XRP fell through the first major support level at $1.2255 and the second major support level at $1.1652.
Steering clear of sub-$1.10 levels, Ripple’s XRP broke back though the second major support level to end the day at $1.18 levels.
At the time of writing, Ripple’s XRP was down by 0.43% to $0.18026. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.17696 before rising to a high $1.18800.
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 $1.1285 pivot to bring first major resistance level at $1.2953 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from $1.25 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $1.30 would likely cap any upside.
In the event of another breakout, Ripple’s XRP could test the second major resistance level at $1.4052.
Failure to move through the $1.1285 pivot would bring the first major support level at $1.1086 into play.
Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.00 levels. The 38.2% FIB of $1.0659 and the second major support level at $1.0318 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $1.1086
Pivot Level: $1.2185
First Major resistance Level: $1.2953
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire