Ethereum
Ethereum rose by 1.86% on Friday. Partially reversing a 2.63% loss from Thursday, Ethereum ended the day at $1,809.38.
A bearish start to the day saw Ethereum slide to an early morning intraday low $1,734.29.
Ethereum fell through the first major support level at $1,740 before rallying to a late intraday high $1,840.69.
The rally saw Ethereum break through the first major resistance level at $1,832 before falling back to sub-$1,810 levels.
At the time of writing, Ethereum was down by 0.41% to $1,802.01. A mixed start to the day saw Bitcoin rise to an early morning high $1,812.58 before falling to a low $1,801.29.
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 $1,795 to support a run at the first major resistance level at $1,855.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $1,840.69.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a breakout, Ethereum could test resistance at $1,950 before any pullback. The second major resistance level sits at $1,901.
Failure to avoid a fall through the $1,795 pivot would bring the first major support level at $1,749 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,700 levels. The second major support level sits at $1,688.
Looking at the Technical Indicators
First Major Support Level: $1,749
Pivot Level: $1,795
First Major Resistance Level: $1,855
23.6% FIB Retracement Level: $1,579
38.2% FIB Retracement Level: $1,292
62% FIB Retracement Level: $830
Litecoin
Litecoin rose by 0.09% on Friday. Following a 3.13% slide on Thursday, Litecoin ended the day at $199.91.
A choppy start to the day saw Litecoin saw Litecoin slide to an early morning intraday low $195.80 before making a move.
The reversal saw Litecoin fall through the first major support level at $196.
Coming within range of the 23.6% FIB of $195, Litecoin rallied to a late morning intraday high $204.95.
Falling short of the first major resistance level at $206, however, Litecoin eased back to end the day at sub-$200 levels.
At the time of writing, Litecoin was down by 0.39% to $199.14. A mixed start to the day saw Litecoin rise to an early morning high $200.17 before falling to a low $198.73.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move back through the $200 pivot level to support a run at the first major resistance level at $205.
Support from the broader market would be needed, however, for Litecoin to break out from $200 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $204.95 would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $215 before any pullback. The second major resistance level sits at $209.
Failure to move back through the $200 pivot level would bring the first major support level at $196 and the 23.6% FIB of $195 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$190 support levels. The second major support level at $191 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $196
Pivot Level: $200
First Major Resistance Level: $205
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP
Ripple’s XRP fell by 0.37% on Friday. Following a 0.25% decline on Thursday, Ripple’s XRP ended the day at $0.46727.
A bearish start saw Ripple’s XRP fall to an early morning intraday low $0.45902 before making a move.
Ripple’s XRP fell through the 38.2% FIB of $0.4632 and the first major support level at $0.4602.
Finding morning support, Ripple’s XRP struck a mid-day intraday high $0.47499.
Falling short of the first major resistance level at $0.4839, however, Ripple’s XRP fell back to sub-$0.47 levels and into the red.
At the time of writing, Ripple’s XRP was down by 0.34% to $0.4657. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.46672 before falling to a low $0.46557.
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 $0.4671 pivot level to bring the first major resistance level at $0.4752 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.47499.
Barring an extended crypto rally, the first major resistance level would cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.4850 before any pullback. The second major resistance level sits at $0.4831.
Failure to move through the $0.4671 pivot would bring the 38.2% FIB of $0.4632 and the first major support level at $0.4592 into play.
Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.45 levels. The second major support level at $0.4511 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.4592
Pivot Level: $0.4671
First Major resistance Level: $0.4752
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