Ethereum
Ethereum rose by 0.21% on Monday. Following on from a 2.74% rally on Sunday, Ethereum ended the day at $379.36.
It was a bearish start to the day. Ethereum fell to an early morning intraday low $372.89 before making a move.
Steering clear of the first major support level at $371.03, Ethereum rallied to a late afternoon intraday high $384.69.
Ethereum broke through the first major resistance level at $382.41 before a pullback to $376 levels and into the red.
Finding late support, however, Ethereum moved back through to $379 levels to end the day in the green.
At the time of writing, Ethereum was down by 0.09% to $379.00. A mixed start to the day saw Ethereum rise to an early morning high $379.65 before falling to a low $379.00.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $378.98 pivot to support a run at the first major resistance level at $385.07.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $384.69.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a breakout, Ethereum could test the second major resistance level at $390.78 before any pullback.
Failure to avoid a fall through the $378.98 pivot would bring the first major support level at $373.27 into play.
Barring another extended sell-off, however, Ethereum should steer clear of the 38.2% FIB of $367 and the second major support level at $367.18.
Looking at the Technical Indicators
First Major Support Level: $373.27
Pivot Level: $378.98
First Major Resistance Level: $385.07
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin rose by 0.92% on Monday. Following on from a 1.39% gain on Sunday, Litecoin ended the day at $48.02.
Tracking the broader market, Litecoin slid to an early morning intraday low $46.60 before making a move.
The pullback saw Litecoin fall through the first major support level at $46.93 before striking a mid-afternoon intraday high $48.48.
Litecoin broke through the first major resistance level at $48.10 before easing back to sub-$48 levels.
Finding late support, however, Litecoin broke back through the first major resistance level before wrapping up the day at $48.02.
At the time of writing, Litecoin was down by 0.21% to $47.92. A bearish start to the day saw Litecoin fall from an early morning high $48.02 to a low $47.85.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $47.70 pivot to support a run at the first major resistance level at $48.80.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $48.48.
Barring an extended crypto rally, the first major resistance level and resistance at $49 would likely cap any upside.
In the event of another breakout, Litecoin would likely test resistance at $50 before any pullback. The second major resistance level sits at $49.58.
Failure to avoid a fall through the $47.70 pivot level would bring the first major support level at $46.92 into play.
Barring an extended sell-off on the day, however, Litecoin should steer well clear of the second major support level at $45.82.
Looking at the Technical Indicators
First Major Support Level: $46.92
Pivot Level: $47.70
First Major Resistance Level: $48.80
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rallied by 1.42% on Monday. Following on from a 0.63% rise on Sunday, Ripple’s XRP ended the day at $0.24574.
A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.24035 before making a move.
Steering clear of the first major support level at $0.2406, Ripple’s XRP rallied to a late afternoon intraday high $0.24968.
Ripple’s XRP broke through the day’s major resistance levels before falling back to sub-$0.246 levels.
The pullback saw Ripple’s XRP fall back through the third major resistance level at $0.2480.
At the time of writing, Ripple’s XRP was down by 0.08% to $0.24555. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.24604 before falling to a low $0.24555.
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 $0.2453 pivot to support a run at the first major resistance level at $0.2502.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Monday’s high $0.24968.
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 $0.2546 would likely come into play. Resistance at $0.26 would likely cap any upside, however.
Failure to avoid a fall through the $0.2453 pivot would bring the first major support level at $0.24080 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.24 levels. The second major support level sits at $0.2359.
Looking at the Technical Indicators
First Major Support Level: $0.2408
Pivot Level: $0.2453
First Major Resistance Level: $0.2502
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