Ethereum
Ethereum rose by 1.07% on Sunday. Partially reversing a 2.17% fall from Saturday, Ethereum ended the week up by 7.34% to $1,935.57.
A mixed start to the day saw Ethereum fall to an early morning intraday low $1,885.00 before making a move.
Steering well clear of the first major support level at $1,804, Ethereum rallied to a late intraday high $1,976.72.
Falling short of the first major resistance level at $2,034, Ethereum eased back to end the day at sub-$1,940 levels.
At the time of writing, Ethereum was down by 0.96% to $1,917.05. A mixed start to the day saw Ethereum rise to an early morning high $1,938.95 before falling to a low $1,909.49.
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 $1,932 to support a run at the first major resistance level at $1,980.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $1,976.72.
Barring an extended crypto rally, Sunday’s high and the first major resistance level would likely cap any upside.
In the event of an extended crypto rally, Ethereum could retest resistance at $2,000 before any pullback. The second major resistance level sits at $2,024.
Failure to move back through the $1,932 pivot would bring the first major support level at $1,888 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $1,841.
Looking at the Technical Indicators
First Major Support Level: $1,888
Pivot Level: $1,932
First Major Resistance Level: $1,980
23.6% FIB Retracement Level: $1,528
38.2% FIB Retracement Level: $1,251
62% FIB Retracement Level: $804
Litecoin
Litecoin rose by 0.22% on Sunday. Following a 4.02% slide on Saturday, Litecoin ended the week up by 6.37% to $227.54.
A mixed start to the day saw Litecoin rise to an early morning intraday high $233.95 before hitting reverse.
Falling short of the first major resistance level at $244.09, Litecoin fell to a mid-morning intraday low $220.25.
Steering clear of the first major support level at $213.17, Litecoin revisited $230 levels before easing back.
At the time of writing, Litecoin was down by 0.98% to $225.31. A mixed start to the day saw Litecoin rise to an early morning high $227.72 before falling to a low $225.00.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $227.25 pivot level to support a run at the first major resistance level at $234.24.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $233.95.
Barring an extended crypto rally, the first major resistance level and resistance at $235 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $250 before any pullback. The second major resistance level sits at $240.95.
Failure to move through the $227.25 pivot level would bring the first major support level at $220.54 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$210 levels. The second major support level at $213.55 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $220.54
Pivot Level: $227.25
First Major Resistance Level: $234.24
23.6% FIB Retracement Level: $191
38.2% FIB Retracement Level: $159
62% FIB Retracement Level: $108
Ripple’s XRP
Ripple’s XRP rallied by 6.47% on Sunday. Partially reversing a 9.33% slide from Saturday, Ripple’s XRP ended the week down by 8.09% to $0.54515.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.50387 before finding support.
Steering clear of the first major support level at $0.4347, Ripple’s XRP rallied to a late morning intraday high $0.55839.
While falling short of the first major resistance level at $0.5865, Ripple’s XRP broke through the 23.6% FIB of $0.5320.
A late pullback saw Ripple’s XRP briefly fall back through the 23.6% FIB before wrapping up the day at $0.54 levels.
At the time of writing, Ripple’s XRP was down by 1.23% to $0.53843. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.54687 before falling to a low $0.53458.
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 back fall through the $0.5358 pivot level to bring the first major resistance level at $0.5677 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Sunday’s high $0.55839.
Barring an extended crypto rally, the first major resistance level and resistance at $0.57 would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.60 before any pullback. The second major resistance level sits at $0.5903.
Failure to avoid a fall back through the $0.5358 pivot would bring the 23.6% FIB of $0.5320 and the first major support level at $0.5132 into play.
Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.50 levels. The second major support level sits at $0.4813.
Looking at the Technical Indicators
First Major Support Level: $0.5132
Pivot Level: $0.5358
First Major Resistance Level: $0.5677
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