Ethereum
Ethereum slid by 5.17% on Monday. Reversing a 1.43% gain from Sunday, Ethereum ended the day at $2,030.72.
A mixed start to the day saw Ethereum rise to an early morning intraday high $2,169.00 before hitting reverse.
Falling short of the first major resistance level at $2,182, Ethereum slid to a late intraday low $2,002.00.
Ethereum fell through the first major support level at $2,090 and the second major support level at $2,040.
Steering clear of sub-$2,000 levels, Ethereum revisited $2,040 levels before easing back. The second major support level pinned Ethereum back late in the day.
At the time of writing, Ethereum was down by 0.41% to $2,022.43. A mixed start to the day saw Ethereum rise to an early morning high $2,033.25 before falling to a low $2,012.27.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $2,067 pivot to bring the first major resistance level at $2,133 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $2,100 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $2,169.00 would likely cap any upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $2,300 before any pullback. The second major resistance level sits at $2,234.
Failure to move through the $2,067 pivot would bring the first major support level at $1,966 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,900 levels. The second major support level at $1,900 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $1,966
Pivot Level: $2,067
First Major Resistance Level: $2,133
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin fell by 0.69% on Monday. Reversing a 0.17% gain from Sunday, Litecoin ended the day at $133.37.
In a mixed start to the day saw Litecoin rally to an early afternoon intraday high $139.65 before hitting reverse.
Litecoin broke through the first major resistance level at $136 and the second major resistance level at $139.
Falling short of $140 levels, however, Litecoin slid to a late intraday low $131.65.
Litecoin briefly fell through the first major support level at $132 before ending the day at $133 levels.
At the time of writing, Litecoin was down by 0.34% to $132.91. A mixed start to the day saw Litecoin rise to an early morning high $133.90 before falling to a low $132.35.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $135 pivot to bring the first major resistance level at $138 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $135 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $139.65 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $145. The second major resistance level sits at $143.
Failure to move through the $135 pivot would bring the first major support level at $130 into play.
Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $127.
Looking at the Technical Indicators
First Major Support Level: $130
Pivot Level: $135
First Major Resistance Level: $138
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP fell by 0.80% on Monday. Partially reversing a 1.43% gain from Sunday, Ripple’s XRP ended the day at $0.62936.
A bullish start to the day saw Ripple’s XRP rally to a mid-morning intraday high $0.65681 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $0.6474 before sliding to a late intraday low $0.61768.
Ripple’s XRP briefly fell through the first major support level at $0.6199 before a move back through to $0.629 levels.
At the time of writing, Ripple’s XRP was down by 0.21% to $0.62805. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.62953 before falling to a low $0.62525.
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 $0.6346 pivot to bring the first major resistance level at $0.6516 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.65 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $0.65681 would likely cap any upside.
In the event of another breakout, Ripple’s XRP could test the second major resistance level at $0.6737.
Failure to move through the $0.6346 pivot would bring the first major support level at $0.6125 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.60 levels. The second major support level sits at $0.5955.
Looking at the Technical Indicators
First Major Support Level: $0.6124
Pivot Level: $0.6346
First Major resistance Level: $0.6516
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire