Ethereum
Ethereum rallied by 4.73% on Tuesday. Following on from a 2.73% gain on Monday, Ethereum ended the day at $482.68.
It was a mixed start to the day. Ethereum fell to an early morning intraday low $460.05 before making a move.
Steering clear of the first major support level at $449.10, Ethereum rallied to a late intraday high $485.00.
Ethereum broke through the first major resistance level at $469.40 and the second major resistance level at $477.96.
In spite of a late pullback, Ethereum avoided a fall back through to sub-$480 levels, wrapping up the day at $482 levels.
At the time of writing, Ethereum was up by 0.35% to $484.39. A mixed start to the day saw Ethereum fall to an early morning low $482.40 before rising to a high $484.61.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the pivot level at $475.91 to support a run at the first major resistance level at $491.77.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $485.00.
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 $500 before any pullback. The second major resistance level sits at $500.86.
Failure to avoid a fall through the $475.91 pivot would bring the first major support level at $466.82 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$460 levels. The second major support level sits at $450.96.
Looking at the Technical Indicators
First Major Support Level: $466.82
Pivot Level: $475.91
First Major Resistance Level: $491.77
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin rose by 3.51% on Tuesday. Following on from an 18.45% surge on Monday, Litecoin ended the day at $76.41.
It was a bullish start to the day. Litecoin rallied to an early morning high $75.87 before hitting reverse.
Falling short of the first major resistance level at $78.27, Litecoin fell to a late morning intraday low $71.48.
In spite of the pullback, Litecoin steered clear of the 38.2% FIB of $71 and the first major support level at $65.78.
Finding support in the early afternoon, Litecoin rallied to a late intraday high $77.04 before easing back.
Litecoin failed to test the major resistance levels on the day.
At the time of writing, Litecoin was up by 0.18% to $76.55. A bullish start to the day saw Litecoin rise from an early morning low $76.35 to a high $76.91.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $74.98 pivot to support a run at the first major resistance level at $78.47.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $77.04.
Barring another extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another extended breakout, Litecoin would likely test resistance at $80 before any pullback. The second major resistance level sits at $80.54.
Failure to avoid a fall through the $74.98 pivot level would bring the first major support level at $72.91 and the 38.2% FIB of 71 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$70. The second major support level sits at $69.42.
Looking at the Technical Indicators
First Major Support Level: $72.91
Pivot Level: $74.98
First Major Resistance Level: $78.47
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 5.08% on Tuesday. Following on from a 7.03% breakout on Monday, Ripple’s XRP ended the day at $0.30278.
It was a mixed start to the day. Ripple’s XRP fell to an early morning intraday low $0.28771 before making a move.
Steering clear of the first major support level at $0.2739, Ripple’s XRP rallied to a mid-day intraday high $0.30550.
Ripple’s XRP broke through the first major resistance level at $0.2962 and the second major resistance level at $0.3041.
Bearish going into the afternoon, however, Ripple’s XRP fell back to sub-$0.30 levels before wrapping up the day at $0.0302 levels.
The second major resistance level pinned Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was up by 0.90% to $0.30550. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.30277 to a high $0.30550.
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 $0.2987 pivot level to support a run at the first major resistance level at $0.3096.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.3080 levels.
Barring another extended crypto rally, the first major resistance level and resistance at $0.31 would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test the second major resistance level at $0.3165.
Failure to avoid a fall through the $0.2987 pivot would bring the first major support level at $0.2918 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.29 levels. The second major support level sits at $0.2809.
Looking at the Technical Indicators
First Major Support Level: $0.2918
Pivot Level: $0.2987
First Major Resistance Level: $0.3096
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