Ethereum
Ethereum fell by 1.31% on Monday. Following on from a 0.77% decline on Sunday, Ethereum ended the day at $1,780.59.
A mixed start to the day saw Ethereum rise to an early morning high $1,814.74 before hitting reverse.
Coming up short of the first major resistance level at $1,843, Ethereum tumbled to an early morning intraday low $1,659.93.
The sell-off saw Ethereum fall through the major support levels before finding support.
Steering clear of the 23.6% FIB of $1,454, Ethereum broke back through the major support levels to strike a late intraday high $1,836.00.
Continuing to fall short of the major resistance levels, however, Ethereum slid back to end the day at sub-$1,800 levels.
At the time of writing, Ethereum was down by 0.37% to $1,773.02. A mixed start to the day saw Ethereum rise to an early morning high $1,783.80 before falling to a low $1,768.92.
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 $1,759 to support a run at the first major resistance level at $1,857.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $1,836.00.
Barring an extended crypto rally, the first major resistance level and resistance at Saturday’s swing hi $1,877.88 would likely cap any upside.
In the event of an extended crypto rally, Ethereum could test resistance at $1,900 before any pullback. The second major resistance level sits at $1,935.
Failure to avoid a fall through the $1,759 pivot would bring the first major support level at $1,681 into play.
Barring an extended sell-off, however, Ethereum should continue to steer clear of sub-$1,600 levels. The second major support level sits at $1,583.
Looking at the Technical Indicators
First Major Support Level: $1,681
Pivot Level: $1,759
First Major Resistance Level: $1,681
23.6% FIB Retracement Level: $1,447
38.2% FIB Retracement Level: $1,186
62% FIB Retracement Level: $764
Litecoin
Litecoin fell by 2.81% on Monday. Following on from a 5.54% slide on Sunday, Litecoin ended the day at $207.90.
A mixed start to the day saw Litecoin rise to an early morning high $215.83 before hitting reverse.
Falling short of the first major resistance level at $226.97, Litecoin slid to an early morning intraday low $186.58.
Litecoin fell through the first major support level at $204.73 and the second major support level at $195.53.
Steering clear of the 23.6% FIB of $182, Litecoin bounced back to strike a late intraday high $220.00.
Continuing to fall short of the major resistance levels, Litecoin slid back to end the day at sub-$210 levels.
At the time of writing, Litecoin was down by 0.41% to $207.05. A mixed start to the day saw Litecoin rise to an early morning high $209.00 before falling to a low $206.65.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $204.83 pivot level to support a run at the first major resistance level at $223.07.
Support from the broader market would be needed, however, for Litecoin to breakout from Monday’s high $220.00.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at the swing hi $230.81 and the second major resistance level at $238.25.
Failure to avoid a fall through the $204.83 pivot level would bring the first major support level at $189.65 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$180 and the second major support level at $171.41. The 23.6% FIB of $182 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $189.65
Pivot Level: $204.83
First Major Resistance Level: $223.07
23.6% FIB Retracement Level: $182
38.2% FIB Retracement Level: $152
62% FIB Retracement Level: $104
Ripple’s XRP
Ripple’s XRP slid by 7.42% on Monday. Following a 6.74% fall on Sunday, Ripple’s XRP ended the day at $0.54911.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.60449 before hitting reverse.
Falling short of the first major resistance level at $0.6346, Ripple’s XRP tumbled to an early morning intraday low $.51117.
Ripple’s XRP fell through the first major support level at $0.5564 and the second major support level at $0.5202.
More importantly, Ripple’s XRP fell through the 23.6% FIB of $0.5320 before finding support.
Ripple’s XRP broke back through the 23.6% FIB and the major support levels to revisit $0.58 levels.
A bearish end to the day, however, saw Ripple’s XRP fall back through the first major support level to end the day at sub-$0.55 levels.
At the time of writing, Ripple’s XRP was down by 1.37% to $0.54159. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.55000 before falling to al ow $0.54076.
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 $0.5549 pivot level to bring the first major resistance level at $0.5987 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.55 levels.
Barring another extended crypto rally, the first major resistance level and Monday’s high $0.60449 would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.65 before any pullback. The second major resistance level sits at $0.6482.
Failure to move through the $0.5549 pivot would bring the 23.6% FIB of $0.5320 and the first major support level at $0.5054 into play.
Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.50 levels and the 38.2% FIB of $0.4632. The second major support level sits at $0.4616.
Looking at the Technical Indicators
First Major Support Level: $0.5054
Pivot Level: $0.5549
First Major Resistance Level: $0.5987
23.6% FIB Retracement Level: $0.5320
38.2% FIB Retracement Level: $0.4632
62% FIB Retracement Level: $0.3521
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Thanks, Bob
This article was originally posted on FX Empire