Ethereum
Ethereum rose by 3.35% on Sunday. Partially reversing a 5.86% slide from Saturday, Ethereum ended the week up by 23.09% to $2,076.36.
A bearish start to the day saw Ethereum fall to an early morning intraday low $1,980.00 before making a move.
Steering clear of the first major support level at $1,960, Ethereum rallied to a mid-afternoon intraday high $2,093.07.
Coming within range of the first major resistance level at $2,099, Ethereum slipped back to $2,050 levels before ending the day at $2,076 levels.
At the time of writing, Ethereum was down by 0.14% to $2,073.46. A mixed start to the day saw Ethereum rise to an early morning high $2,085.23 before falling to a low $2,072.02.
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 $2,050 to support a run at the first major resistance level at $2,120.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $2,093.07.
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 $2,200 before any pullback. The second major resistance level sits at $2,163.
Failure to avoid a fall through the $2,050 pivot would bring the first major support level at $2,007 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,900 levels. The second major support level at $1,937 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $2,007
Pivot Level: $2,050
First Major Resistance Level: $2,120
23.6% FIB Retracement Level: $1,659
38.2% FIB Retracement Level: $1,356
62% FIB Retracement Level: $869
Litecoin
Litecoin rose by 3.58% on Sunday. Partially reversing a 7.6% slide from Saturday, Litecoin ended the week up by 9.78% to $202.26.
A mixed start to the day saw Litecoin fall to an early morning intraday low $191.90 before making a move.
While steering clear of the first major support level at $188, Litecoin fell through the 23.6% FIB of $195.
Finding early support, however, Litecoin struck an early afternoon intraday high $204.74.
While breaking back through the 23.6% FIB, Litecoin fell short of the first major resistance level at $210.
A late pullback saw Litecoin fall back to sub-$200 levels before ending the day at $202 levels.
At the time of writing, Litecoin was up by 0.42% to $203.11. A bullish start to the day saw Litecoin rise from an early morning low $202.26 to a high $203.40.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $200 pivot level to support a run at the first major resistance level at $207.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $204.74.
Barring an extended crypto rally, the first major resistance level and resistance at $210 would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $220 before any pullback. The second major resistance level sits at $213.
Failure to avoid a fall through the $200 pivot level would bring the first major support level at $195 and the 23.6% FIB of $195 into play.
Barring an extended sell-off, Litecoin should steer clear of the second major support level at $187.
Looking at the Technical Indicators
First Major Support Level: $195
Pivot Level: $200
First Major Resistance Level: $207
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP
Ripple’s XRP rallied by 9.69% on Sunday. Reversing a 4.53% fall from Saturday, Ripple’s XRP ended the week up by 16.11% to $0.63465.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.56743 before making a move.
Steering clear of the first major support level at $0.5550, Ripple’s XRP rallied to a final hour intraday high $0.63534.
Ripple’s XRP broke through the first major resistance level at $0.6230 to wrap up the day at $0.635 levels.
At the time of writing, Ripple’s XRP was down by 0.63% to $0.63063. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.63750 before falling to a low $0.63011.
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 fall through the $0.6125 pivot level to bring the first major resistance level at $0.6575 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break through to $0.65 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.70 levels before any pullback. The second major resistance level sits at $0.6804.
Failure to avoid a fall through the $0.6125 pivot would bring the first major support level at $0.5896 into play.
Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.55 levels. The second major support level sits at $0.5446.
Looking at the Technical Indicators
First Major Support Level: $0.5896
Pivot Level: $0.6125
First Major resistance Level: $0.6575
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