Ethereum
Ethereum rose by 0.85% on Friday. Following on from an 8.89% jump on Thursday, Ethereum ended the day at $352.11.
A bearish start to the day saw Ethereum fall to a late morning intraday low $337.63 before making a move.
Steering clear of the first major support level at $330.63, Ethereum rallied to a late intraday high $358.12.
Falling short of the first major resistance level at $360.39, Ethereum eased back to wrap up the day at $352 levels.
At the time of writing, Ethereum was up by 0.19% to $352.78. A mixed start to the day saw Ethereum fall to an early morning low $351.31 before rising to a high $353.34.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $349.29 pivot to support a run at the first major resistance level at $360.94.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $358.12.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $349.29 pivot would bring the first major support level at $340.45 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$330 levels. The second major support level sits at $328.80.
Looking at the Technical Indicators
First Major Support Level: $340.45
Pivot Level: $349.29
First Major Resistance Level: $360.94
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin rose by 2.38% on Friday. Following a 4.66% rally on Thursday, Litecoin ended the day at $46.02.
It was a bearish start to the day. Litecoin fell to a late morning intraday low $44.00 before making a move.
Steering clear of the first major support level at $43.28, Litecoin rallied to a late morning intraday high $46.55.
The rally saw Litecoin break through the first major resistance level at $45.92.
In the 2nd half of the day, Litecoin slipped back to sub-$45.50 levels before finding late support.
Litecoin broke back through the first major resistance level to wrap up the day at $46 levels.
At the time of writing, Litecoin was up by 0.43% to $46.22. A bullish start to the day saw Litecoin rise from an early morning low $46.02 to a high $46.23.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $45.52 pivot to support a run at the first major resistance level at $47.05.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $46.55.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $45.52 pivot level would bring the first major support level at $44.50 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$43 levels. The second major support level sits at $42.97.
Looking at the Technical Indicators
First Major Support Level: $44.50
Pivot Level: $45.52
First Major Resistance Level: $47.05
23.6% FIB Retracement Level: $54
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rose by 3.73% on Friday. Following on from a 5.23% rally on Thursday, Ripple’s XRP ended the day at $0.24168.
Tracking the broader market, Ripple’s XRP fell to a late morning intraday low $0.2299 before making a move.
Steering clear of the first major support level at $0.2231, Ripple’s XRP rallied to a late intraday high $0.24470.
Ripple’s XRP broke through the first major resistance level at $0.2389 and the second major resistance level at $0.2448.
A late pullback, however, saw Ripple’s XRP fall back through the second major resistance level to end the day a $0.24168.
At the time of writing, Ripple’s XRP was up by 0.42% to $0.24269. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.24174 to a high $0.24269.
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 $0.2388 pivot to support a run at the first major resistance level at $0.2476.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.2447.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
Failure to avoid a fall through the $0.2388 pivot would bring the first major support level at $0.2328 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.23 levels and the second major support level at $0.2240.
Looking at the Technical Indicators
First Major Support Level: $0.2329
Pivot Level: $0.2388
First Major Resistance Level: $0.2476
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