Ethereum
Ethereum rose by 0.93% on Sunday. Following a 2.31% gain on Saturday, Ethereum ended the week up by 11.74% to $3,420.07.
A mixed start to the day saw Ethereum fall to an early morning intraday low $3,343.36 before making a move.
While steering clear of the first major support level at $3,275, Ethereum fell through the 23.6% FIB of $3,369.
Finding early support, however, Ethereum rallied to a late intraday high $3,489.18.
Ethereum back broke through the 23.6% FIB to test the first major resistance level at $3,486 before easing back.
The pullback saw Ethereum fall back through the first major resistance level to sub-$3,390 levels before ending the day at $3,420 levels.
At the time of writing, Ethereum was down by 0.17% to $3,414.38. A mixed start to the day saw Ethereum rise to an early morning high $3,420.87 before falling to a low $3,412.74.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back through the $3,418 pivot to bring the first major resistance level at $3,492 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $3,489.18.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $3,600 before any pullback. The second major resistance level sits at $3,563.
Failure to move back through the $3,418 pivot would bring the 23.6% FIB of $3,369 and the first major support level at $3,346 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $3,272.
Looking at the Technical Indicators
First Major Support Level: $3,346
Pivot Level: $3,418
First Major Resistance Level: $3,492
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 0.99% on Sunday. Following a 1.65% gain on Saturday, Litecoin ended the week up by 13.22% to $170.67.
A mixed start to the day saw Litecoin fall to a late morning intraday low $165.90 before making a move.
Coming within range of the first major support level at $165, Litecoin rallied to a late intraday high $174.99.
Litecoin broke through the first major resistance level at $173 before easing back to the end day at sub-$171.
At the time of writing, Litecoin was up by 0.04% to $170.73. A range-bound start to the day saw Litecoin fall to an early low $170.19 before rising to a high $170.77.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $171 pivot to bring the first major resistance level at $175 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $174.99.
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 the 23.6% FIB of $178 and the second major resistance level at $180.
Failure to move through the $171 pivot would bring the first major support level at $166 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$160. The second major support level at $161 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $166
Pivot Level: $171
First Major Resistance Level: $175
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 1.76% on Sunday. Reversing a 0.37% decline from Saturday, Ripple’s XRP ended the week up by 11.74% to $1.05524.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $1.02249 before making a move.
Steering clear of the first major support level at $1.0074, Ripple’s XRP rallied to a late intraday high $1.08920.
Ripple’s XRP broke through the 38.2% FIB of $1.0659 and the first major resistance level at $1.0707.
A late pullback, however, saw Ripple’s XRP fall back through the first major resistance level and the 38.2% FIB before ending the day at sub-$1.06 levels.
At the time of writing, Ripple’s XRP was down by 0.08% to $1.05438. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.05542 before falling to a low $1.05438.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP would need to move through the $1.0556 pivot to bring the 38.2% FIB of $1.0659 and the first major resistance level at $1.0888 into play.
Support would be needed, however, for Ripple’s XRP to break out from the 38.2% FIB.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $1.08920 would likely cap the upside.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.15 before any pullback. The second major resistance level sits at $1.1224.
Failure to move through the $1.0556 pivot would bring the first major support level at $1.0221 into play.
Barring an extended sell-off, however, Ripple’s XRP should avoid sub-$0.95 levels. The second major support level at $0.9889 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $1.0221
Pivot Level: $1.0556
First Major resistance Level: $1.0888
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