Ethereum
Ethereum slid by 4.73% on Friday. Following a 1.30% loss on Thursday, Ethereum ended the day at $3,400.00.
A mixed start to the day saw Ethereum rise to an early morning intraday high $3,595.00 before hitting reverse.
Falling short of the first major resistance level at $3,669, Ethereum slid to a late intraday low $3,350.06.
Ethereum fell through the first major support level at $3,476 and the second major support level at $3,383.
The extended sell-off also saw Ethereum fall through the 23.6% FIB of $3,369 before a move back through to $3,400 levels.
At the time of writing, Ethereum was down by 0.42% to $3,375.78. A mixed start to the day saw Ethereum rise to an early morning high $3,403.64 before falling to a low $3,371.00.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $3,448 pivot to bring the first major resistance level at $3,547 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $3,500 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $3,595.00 would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $3,800 before any pullback. The second major resistance level sits at $3,693.
Failure to move through the $3,448 pivot would bring the 23.6% FIB of $3,369 and the first major support level at $3,302 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,200 levels. The second major support level at $3,203 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $3,302
Pivot Level: $3,448
First Major Resistance Level: $3,547
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin fell by 2.88% on Friday. Following a 2.08% decline on Thursday, Litecoin ended the day at $180.00.
A mixed start to the day saw Litecoin rise to a late morning intraday high $190.53 before hitting reverse.
Falling short of the first major resistance level at $193, Litecoin slid to a late intraday low $177.66.
The reversal saw Litecoin fall through the first major support level at $179.
Finding support at the 23.6% FIB of $178, however, Litecoin broke back through the first major support level to end the day at $180 levels.
At the time of writing, Litecoin was down by 0.04% to $179.93. A mixed start to the day saw Litecoin rise to an early morning high $180.12 before falling to a low $178.57.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $183 pivot to bring the first major resistance level at $188 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $185 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $190.53 would likely cap the upside.
In the event of another breakout, Litecoin could test resistance at $200. The second major resistance level sits at $196.
Failure to move through the $183 pivot would bring the 23.6% FIB and the first major support level at $175 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$170. The second major support level at $170 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $175
Pivot Level: $183
First Major Resistance Level: $188
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 2.35% on Friday. Following a 2.71% loss on Thursday, Ripple’s XRP ended the day at $1.06436.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.10294 before hitting reverse.
Falling short of the first major resistance level at $1.1258, Ripple’s XRP slid to a mid-day intraday low $1.05210.
Ripple’s XRP fell through the 38.2% FIB of $1.0659 and the first major support level at $1.0612.
Finding support early afternoon support, Ripple’s XRP revisited $1.07 levels before a 2nd sell-off.
Ripple’s XRP fell back through the 38.2% FIB of $1.0659 and the first major support level at $1.0612 before a partial recovery to $1.064 levels.
At the time of writing, Ripple’s XRP was up by 0.26% to $1.06717. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.05923 before rising to a high $1.06717.
While leaving the major support and resistance levels untested, Ripple’s XRP broke back through the 38.2% FIB of $1.0659.
For the day ahead
Ripple’s XRP would need to move through the $1.0731 pivot to bring first major resistance level at $1.0942 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.09 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $1.10294 would likely cap the upside.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.15 levels before any pullback. The second major resistance level sits at $1.1240.
Failure to move through the $1.0731 pivot would bring the 38.2% FIB of $1.0659 and the first major support level at $1.0433 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.00 levels. The second major support level at $1.0223 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $1.
Pivot Level: $1.
First Major resistance Level: $1.
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
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Thanks, Bob
This article was originally posted on FX Empire