Ethereum
Ethereum rose by 2.63% on Sunday. Following on from a 1.04% gain on Saturday, Ethereum ended the week down by 2.32% to $396.91.
It was a mixed start to the day. Ethereum rose to an early morning high $390.77 before hitting reverse.
Falling short of the first major resistance level at $393.57, Ethereum fell to an early morning intraday low $385.09.
Steering clear of the first major support level at $380.33, Ethereum rallied to a late intraday high $397.65.
Ethereum broke through the first major resistance level at $393.57 to deliver the upside on the day.
At the time of writing, Ethereum was up by 1.53% to $402.99. A bullish start to the day saw Ethereum rise from an early morning low $396.90 to a high $404.49.
Ethereum broke through the first major resistance level at $401.34 early on.
For the day ahead
Ethereum would need to avoid a fall back through to sub-$400 levels to support another run at the second major resistance level at $405.78.
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $404.49.
Barring an extended crypto rally, the second major resistance level would likely cap any upside.
In the event of a further breakout, Ethereum could test resistance at $410 before any pullback. The third major resistance level sits at $418.34.
A fall back through to sub-$400 levels and the $393.22 pivot would bring the first major support level at $388.78 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$380 levels. The second major support level at $380.66 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $388.78
Pivot Level: $393.22
First Major Resistance Level: $401.34
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin fell by 0.23% on Sunday. Partially reversing a 3.18% rally from Saturday, Litecoin ended the week down by 5.49% to $55.65
It was a bullish start to the day. Litecoin rose to an early morning intraday high $56.20 before hitting reverse.
Falling well short of the first major resistance level at $57.00, however, Litecoin fell to a late morning intraday low $54.11.
Finding support at the 23.6% FIB of $54 and the first major support level at $54.15, Litecoin revisited $56 levels before easing back into the red.
At the time of writing, Litecoin was up by 1.01% to $56.21. A bullish start to the day saw Litecoin rise from an early morning low $55.67 to a high $56.85.
Litecoin broke through the first major resistance level at $56.53 early on.
For the day ahead
Litecoin would need to avoid a fall through the $55.32 pivot to support another run at the first major resistance level at $56.53.
Support from the broader market would be needed, however, for Litecoin to break back through to $56.50 levels.
Barring an extended crypto rally, the first major resistance level and the morning high $56.85 would likely cap any upside.
In the event of an extended breakout, Litecoin would likely test the second major resistance level at $57.41 before any pullback.
Failure to avoid a fall through the $55.32 pivot level would bring the first major support level at $54.44 and the 23.6% FIB of $54 into play.
Barring another extended sell-off on the day, however, Litecoin should steer clear of sub-$54 levels. The second major support level sits at $53.23.
Looking at the Technical Indicators
First Major Support Level: $54.44
Pivot Level: $55.32
First Major Resistance Level: $56.53
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 0.14% on Sunday. Following on from a 0.29% gain on Saturday, Ripple’s XRP ended the week down by 5.21% to $0.24009.
It was another mixed start to the day. Ripple’s XRP rose to an early morning high $0.24148 before hitting reverse.
Falling short of the first major resistance level at $0.2432, Ripple’s XRP slid to a mid-day intraday low $0.23689.
Ripple’s XRP fell through the first major support level at $0.2373 before revisiting $0.2414 levels.
A late pullback, however, left Ripple’s XRP at sub-$0.2410 levels at the day end.
At the time of writing, Ripple’s XRP was up by 1.09% to $0.24270. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.24060 to a high $0.24330.
Ripple’s XRP broke through the first major resistance level at $0.2421 early on.
For the day ahead
Ripple’s XRP will need to avoid a fall through the first major resistance level at $0.2421 to support another run at the second major resistance level at $0.2441.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the morning high $0.24330.
Barring an extended crypto rally, the second major resistance level would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.25 before any pullback. The third major resistance level sits at $0.2487.
A fall through the first major resistance level and the $0.2395 pivot would bring the first major support level at $0.2375 into play.
Barring another extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.2350 levels. The second major support level sits at $0.2349.
Looking at the Technical Indicators
First Major Support Level: $0.2375
Pivot Level: $0.2395
First Major Resistance Level: $0.2421
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
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