Ethereum
Ethereum fell by 1.71% on Sunday. Following a 10.56% slide from Saturday, Ethereum ended the week down by 8.73% to $3,585.62.
A mixed start to the day saw Ethereum rise to a late morning intraday high $3,878.23.
Falling short of the first major resistance level at $3,981, Ethereum slid to a late intraday low $3,343.57.
The sell-off saw Ethereum fall through the first major support level at $3,475 before a partial recovery to $3,580 levels.
At the time of writing, Ethereum was down by 0.45% to $3,569.33. A mixed start to the day saw Ethereum rise to an early morning high $3,590.00 before falling to a low $3,553.26.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $3,603 pivot to bring the first major resistance level at $3,861 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $3,800 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $3,878.23 would likely cap any upside.
In the event of a breakout, Ethereum could test resistance at $4,000 before any pullback. The second major resistance level sits at $4,137.
Failure to move through the $3,603 pivot would bring the 23.6% FIB of $3,369 and the first major support level at $3,327 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level at $3,068 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $3,327
Pivot Level: $3,603
First Major Resistance Level: $3,861
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin fell by 1.33% on Sunday. Following an 8.07% slide from Saturday, Litecoin ended the week down by 23.74% to $296.11.
A mixed start to the day saw Litecoin rallied to a late morning intraday high $324.19.
The rally saw Litecoin break through the 23.6% FIB and first major resistance level both at $322 before hitting reverse.
Litecoin slid back through the 23.6% FIB and first major resistance level to a late intraday low $279.38.
The extended sell-off also saw Litecoin fall through the first major support level at $287 before ending the day at $296 levels.
At the time of writing, Litecoin was down by 0.64% to $294.21. A mixed start to the day saw Litecoin rise to an early morning high $296.76 before falling to a low $293.29.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $300 pivot to bring the first major resistance level at $320 and the 23.6% FIB of $322 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $310 levels.
Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $350. The second major resistance level sits at $345.
Failure to move through the $300 pivot would bring the first major support level at $276 into play.
Barring another extended sell-off, however, Litecoin should steer clear of the 38.2% FIB of $265. The Second major support level sits at $255.
Looking at the Technical Indicators
First Major Support Level: $276
Pivot Level: $300
First Major Resistance Level: $320
23.6% FIB Retracement Level: $322
38.2% FIB Retracement Level: $265
62% FIB Retracement Level: $174
Ripple’s XRP
Ripple’s XRP fell by 2.69% on Sunday. Partially reversing a 6.22% rally on Saturday, Ripple’s XRP ended the week down by 5.63% to $1.45004.
A mixed start to the day saw Ripple’s XRP rose a late morning intraday high $1.61324.
Ripple’s XRP broke through the 23.6% FIB of $1.5426 and the first major resistance level at $1.6077 before a hitting reverse.
The reversal saw Ripple’s XRP slide to a late intraday low $1.34207.
Falling back through the first major resistance level and 23.6% FIB, Ripple’s XRP also fell through the first major support level at $1.3467.
Finding late support, Ripple’s XRP broke back through the first major support level to end the day at $1.45 levels.
At the time of writing, Ripple’s XRP was down by 0.72% to $1.43695. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.45016 to a low $1.43964.
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 $1.4685 pivot to bring the 23.6% FIB of $1.5426 and the first major resistance level at $1.5948 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from the 23.6% FIB.
Barring an extended crypto rally, the first major resistance level and resistance at $1.60 would likely cap any upside.
In the event of another extended rally, Ripple’s XRP could test resistance at $1.70 levels. The second major resistance level sits at $1.7396.
Failure to move through the $1.4685 pivot would bring the first major support level at $1.3237 and the 38.2% FIB of $1.2807 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $1.1973.
Looking at the Technical Indicators
First Major Support Level: $1.3237
Pivot Level: $1.4685
First Major resistance Level: $1.5948
23.6% FIB Retracement Level: $1.5426
38.2% FIB Retracement Level: $1.2807
62% FIB Retracement Level: $0.8573
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Thanks, Bob
This article was originally posted on FX Empire