Ethereum
Ethereum fell by 2.04% on Sunday. Partially reversing a 5.27% rally from Saturday, Ethereum ended the week up by 28.02% to $1,255.13.
It was a bullish start to the day. Ethereum rose to a late morning intraday high and a new swing high $1,350.88 before hitting reverse.
Ethereum broke through the first major resistance level at $1,336.68 before sliding to late intraday low $1,153.0.
The sell-off saw Ethereum fall through the first major support level at $1,199.54.
Finding late support, Ethereum revisited $1,288 levels before easing back to end the day at $1,255 levels.
At the time of writing, Ethereum was down by 1.77% to $1,232.91. A mixed start to the day saw Ethereum rise to an early morning high $1,260.24 before falling to a low $1,217.88.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back through the pivot level at $1,253.00 to support a run at the first major resistance level at $1,353.01.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $1,350.88.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another extended crypto rally, Ethereum could test the second major resistance level at $1,450.88.
Failure to move back through the $1,253.00 pivot would bring the first major support level at $1,155.13 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $1,055.12 and the 23.6% FIB of $1,051.
Looking at the Technical Indicators
First Major Support Level: $1,155.13
Pivot Level: $1,253.00
First Major Resistance Level: $1,353.01
23.6% FIB Retracement Level: $1,051
38.2% FIB Retracement Level: $866
62% FIB Retracement Level: $566
Litecoin
Litecoin slid by 4.32% on Sunday. Reversing a 3.14 % gain on Friday, Litecoin ended the week up by 5.43% to $170.21.
A bullish start to the day saw Litecoin rise to an early morning intraday high and a new swing high $186.34 before hitting reverse.
Litecoin broke through the first major resistance level at $183.67 before sliding to a late intraday low $160.62.
Litecoin fell through the first major support level at $167.83 before revisiting $172 levels.
A bearish end to the day, however, saw Litecoin ease back to end the day at $170 levels.
At the time of writing, Litecoin was down by 1.90% to $166.97. A bearish start to the day saw Litecoin fall from an early morning high $170.72 to a low $166.66.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $172.39 pivot level to support a run at the first major resistance level at $184.16.
Support from the broader market would be needed, however, for Litecoin to break back through to $180 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap any upside.
In the event of another extended breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $198.11.
Failure to move through the $172.39 pivot level would bring the first major support level at $158.44 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$150 levels and the 23.6% FIB of $148. The second major support level sits at $146.67.
Looking at the Technical Indicators
First Major Support Level: $158.44
Pivot Level: $172.39
First Major Resistance Level: $184.16
23.6% FIB Retracement Level: $
38.2% FIB Retracement Level: $
62% FIB Retracement Level: $
Ripple’s XRP
Ripple’s XRP fell by 3.16% on Sunday. Reversing a 3.14% gain from Saturday, Ripple’s XRP ended the week up by 39.65% to $0.31525.
It was a bullish start to the day. Ripple’s XRP rose to a mid-morning intraday high $0.3690 before hitting reverse.
The early rally saw Ripple’s XRP break through the first major resistance level at $0.3589.
Coming up short of $0.37 levels, however, Ripple’s XRP slid to a late intraday low $0.28657.
Ripple’s XRP fell through the first major support level at $0.3072 and the second major support level at $0.2889.
More significantly, Ripple’s XRP also fell through the 23.6% FIB of $0.3172.
Finding late support, Ripple’s XRP broke back through the support levels to wrap up the day at $0.31 levels.
The 23.6% FIB pinned Ripple’s XRP back late in the day.
At the time of writing, Ripple’s XRP was down by 3.04% to $0.30567. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.31592 before falling to a low $0.30326.
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 23.6% FIB of $0.3172 and the $0.3236 pivot level to bring the first major resistance level at $0.3606 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.36 levels.
Barring another extended crypto rally, the first major resistance and Sunday’s high $0.3690 would likely cap any upside.
In the event of another extended rally, Ripple’s XRP could test resistance at $0.40 before any pullback. The second major resistance sits at $0.4060.
Failure to move through the 23.6% FIB and the $0.0.3236 pivot would bring the first major support level at $0.2782 into play.
Barring another extended crypto sell-off, Ripple’s XRP should avoid sub-$0.27 levels. The second major support level sits at $0.2412.
Looking at the Technical Indicators
First Major Support Level: $0.2782
Pivot Level: $0.3236
First Major Resistance Level: $0.3606
23.6% FIB Retracement Level: $0.6274
38.2% FIB Retracement Level: $0.5285
62% FIB Retracement Level: $0.3687
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Thanks, Bob
This article was originally posted on FX Empire