Ethereum
Ethereum slid by 3.25% on Monday. Following on from a 1.48% fall on Sunday, Ethereum ended the day at $393.12.
A bullish start to the day saw Ethereum rise to an early morning intraday high $411.7 before hitting reverse.
Falling short of the first major resistance level at $415.24, Ethereum slid to a late afternoon intraday low $382.21.
Ethereum fell through the first major support level at $400.30 and the second major support level at $394.14.
Steering clear of sub-$380 levels, Ethereum broke back through the second major support level before wrapping up the day at $393 levels.
At the time of writing, Ethereum was up by 0.16% to $393.75. A mixed start to the day saw Ethereum fall to an early morning low $392.91 before rising to a high $393.78.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $395.60 pivot to support a run at the first major resistance level at $408.99.
Support from the broader market would be needed, however, for Ethereum to break back through to $400 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a breakout, Ethereum could test resistance at $410 before any pullback. The second major resistance level sits at $424.86.
Failure to move through the $395.60 pivot would bring the first major support level at $379.73 into play.
Barring another extended sell-off, however, Ethereum should steer clear of the 38.2% FIB of $367. The second major support level sits at $366.34.
Looking at the Technical Indicators
First Major Support Level: $379.73
Pivot Level: $395.60
First Major Resistance Level: $408.99
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin slid by 3.38% on Monday. Following on from a 0.62% decline on Sunday, Litecoin ended the day a $56.89.
It was a mixed start to the day. Litecoin rose to an early morning intraday high $59.35 before hitting reverse.
Falling short of the first major resistance level at $60.39, Litecoin slid to a late afternoon intraday low $55.00.
The sell-off saw Litecoin fall through the first major support level at $56.96. Finding support at the second major support level at $55.04, Litecoin revisited $57 levels before easing back to sub-$57 levels.
The partial recovery saw Litecoin briefly move back through the first major support level at $56.96.
At the time of writing, Litecoin was up by 0.21% to $57.01. A mixed start to the day saw Litecoin fall to an early morning low $56.83 before rising to a high $57.08.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $57.08 pivot to support a run at the first major resistance level at $59.16.
Support from the broader market would be needed, however, for Litecoin to break out from $58 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a breakout, Litecoin would likely test the second major resistance level at $61.43.
Failure to move through the $57.08 pivot level would bring the first major support level at $54.81 and the 23.6% FIB of $54 into play.
Barring another extended sell-off on the day, however, Litecoin should steer well clear of sub-$50 levels. The second major support level at $52.73 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $54.81
Pivot Level: $57.08
First Major Resistance Level: $59.16
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP fell by 1.87% on Monday. Following on from a 1.20% loss on Sunday, Ripple’s XRP ended the day at $0.24854.
It was a bullish start to the day. Ripple’s XRP rose to an early morning intraday high $0.25900 before hitting reverse.
The early rally saw Ripple’s XRP break through the first major resistance level at $0.2566.
Coming within range of the second major resistance level at $0.2599, however, Ripple’s XRP slid to a late afternoon intraday low $0.2440.
Ripple’s XRP fell through the first major support level at $0.2507 and the second major support level at $0.2482.
Finding late support, however, Ripple’s XRP moved back through the second major support level to end the day at $0.2485 levels.
At the time of writing, Ripple’s XRP was down by 0.15% to $0.24817. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.24849 to a low $0.24817.
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 $0.2505 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 back through to $0.25 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.26 before any pullback. The second major resistance level sits at $0.2655.
Failure to move through the $0.2505 pivot would bring the first major support level at $0.2420 into play.
Barring another extended crypto sell-off, Ripple’s XRP should steer clear of the second major support level at $0.2355.
Looking at the Technical Indicators
First Major Support Level: $0.2420
Pivot Level: $0.2505
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