Ethereum
Ethereum rallied by 4.04% on Friday. Following on from a 2.79% gain on Thursday, Ethereum ended the day at $365.36.
A bearish start to the day saw Ethereum fall to a mid-morning intraday low $347.15 before making a move.
Steering clear of the first major support level at $339.25 Ethereum rallied to a late afternoon high $366.50.
Ethereum broke through the first major resistance level at $358.3 and the second major resistance level at $365.34.
A late pullback saw Ethereum briefly fall back through the second major resistance level before hitting a late intraday high $368.55.
The late rally saw Ethereum break through the 38.2% FIB of $367 before easing back to wrap up the day at $365 levels.
At the time of writing, Ethereum was down by 0.01% to $365.31. A mixed start to the day saw Ethereum fall to an early morning low $365.02 before rising to a high $365.87.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $360.35 pivot to support a run at the first major resistance level at $373.56.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $368.55.
Barring an extended crypto rally, the first major resistance level would likely cap any upside. In the event of another breakout, Ethereum could test resistance at $380 before any pullback. The second major resistance level sits at $381.75.
Failure to avoid a fall through the $360.35 pivot would bring the first major support level at $352.16 into play.
Barring another extended sell-off, however, Ethereum should continue to avoid sub-$350 levels. The second major support level sits at $338.95.
Looking at the Technical Indicators
First Major Support Level: $352.16
Pivot Level: $360.35
First Major Resistance Level: $373.56
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin rose by 1.23% on Friday. Following on from a 1.50% gain on Thursday, Litecoin ended the day at $47.82.
Tracking the broader market, Litecoin fell to a mid-morning intraday low $46.61 before making a move.
Steering clear of the first major support level at $46.01, Litecoin rallied to a late afternoon intraday high $48.22.
Litecoin broke through the first major resistance level at $48.00 before falling back to $47.5 levels.
Finding late support, however, Litecoin retested the first major resistance level before wrapping up the day at $47.8 levels.
At the time of writing, Litecoin was up by 0.04% to $47.84. A range-bound start to the day saw Litecoin fall to an early morning low $47.81 before rising to a high $47.88.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $47.55 pivot to support a run at the first major resistance level at $48.49.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $48.22.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, Litecoin would likely test resistance at $49 and the second major resistance level at $49.16.
Failure to avoid a fall through the $47.55 pivot level would bring the first major support level at $46.88 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$46 levels. The second major support level sits at $45.94.
Looking at the Technical Indicators
First Major Support Level: $46.88
Pivot Level: $47.55
First Major Resistance Level: $48.49
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rose by 0.68% on Friday. Following on from a 1.01% gain on Thursday, Ripple’s XRP ended the day at $0.25314.
It was also a bearish start to the day. Ripple’s XRP fell to a mid-morning intraday low $0.24848 before making a move.
Steering clear of the first major support level at $0.2448, Ripple’s XRP rose to a late morning intraday high $0.25653.
Ripple’s XRP broke through the first major resistance level at $0.2556 before a pullback to sub-$0.25 levels.
Finding late support, however, Ripple’s XRP moved back through to $0.253 levels to end the day in the green.
At the time of writing, Ripple’s XRP was up by 0.09% to $0.25336. A range-bound start to the day saw Ripple’s XRP fall to an early morning low $0.25313 before rising to a high $0.25336.
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 $0.2527 pivot to support a run at the first major resistance level at $0.2570.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.25653.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, the second major resistance level at $0.2608 would likely come into play.
Failure to avoid a fall through the $0.2527 pivot would bring the first major support level at $0.2489 into play.
Barring an extended crypto sell-off, Ripple’s XRP should continue to steer clear of sub-$0.24 levels. The second major support level sits at $0.2447.
Looking at the Technical Indicators
First Major Support Level: $0.2489
Pivot Level: $0.2427
First Major Resistance Level: $0.2570
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
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Thanks, Bob
This article was originally posted on FX Empire