Ethereum
Ethereum rose by 3.40% on Monday. Reversing a 2.53% loss from Sunday, Ethereum ended the day at $4,220.93.
A mixed start to the day saw Ethereum fall to an early morning intraday low $4,069.22 before making a move.
Steering clear of the first major support level at $3,967, Ethereum rallied to a late afternoon intraday high $4,236.27.
Ethereum broke through the first major resistance level at $4,193 to end the day at $4,200 levels.
At the time of writing, Ethereum was down by 0.29% to $4,208.70. A mixed start to the day saw Ethereum rise to an early morning high $4,227.64 before falling to a low $4,207.44.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $4,176 pivot to bring the first major resistance level at $4,282 play.
Support from the broader market would be needed, however, for Ethereum to break out from Monday’s high $4,236.27.
Barring an extended crypto rally, the first major resistance level and resistance at $4,300 would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at May’s all-time high $4,383.4. The second major resistance level sits at $4,343.
A fall through the $4,176 pivot would bring the first major support level at $4,115 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,000 levels. The second major support level at $4,008 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4,115
Pivot Level: $4,176
First Major Resistance Level: $4,282
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 2.62% on Monday. Partially reversing a 2.99% decline from Sunday, Litecoin ended the day at $195.37.
A mixed start to the day saw Litecoin fall to an early morning intraday low $189.63 before making a move.
Steering clear of the first major support level at $184, Litecoin rallied to a late afternoon intraday high $197.36.
Falling short of the first major resistance level at $199, however, Litecoin fell back to sub-$194 levels before finding late support.
At the time of writing, Litecoin was down by 0.19% to $194.99. A mixed start to the day saw Litecoin rise to an early morning high $195.61 before falling to a low $194.96.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the $194 pivot to bring the first major resistance level at $199 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $197.36.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of another breakout, Litecoin could test resistance at $205 before any pullback. The second major resistance level sits at $202.
A fall through the $194 pivot would bring the first major support level at $191 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$185. The second major support level at $186 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $191
Pivot Level: $194
First Major Resistance Level: $199
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP rose by 1.12% on Monday. Reversing a 1.04% loss from Sunday, Ripple’s XRP ended the day at $1.09551.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $1.07828 before making a move.
Steering clear of the 38.2% FIB of $1.0659 and the first major support level at $1.0583, Ripple’s XRP rose to a late afternoon intraday high $1.1030.
Ripple’s XRP broke through the first major resistance level at $1.1015 before a pullback to sub-$1.09 levels.
Finding late support, however, Ripple’s XRP moved back through to $1.095 levels to deliver the upside on the day.
At the time of writing, Ripple’s XRP was down by 0.08% to $1.09458. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.09565 before falling to a low $1.09458.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP would need to avoid the $1.0923 pivot to bring the first major resistance level at $1.1062 into play.
Support would be needed, however, for Ripple’s XRP to break out from Monday’s high $1.1030.
Barring an extended crypto rally, the first major resistance level 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 $1.1170.
A fall through the $1.0923 pivot would bring the first major support level at $1.0815 into play.
Barring another extended sell-off, however, Ripple’s XRP should avoid the 38.2% FIB of $1.0659 and the second major support level at $1.0675.
Looking at the Technical Indicators
First Major Support Level: $1.0815
Pivot Level: $1.0923
First Major resistance Level: $1.1062
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