Ethereum
Ethereum rose by 0.34% on Thursday. Following a 1.64% gain on Wednesday, Ethereum ended the day at $3,588.51.
A mixed start to the day saw Ethereum slide to an early morning intraday low $3,471.52 before making a move.
Steering clear of the first major support level at $3,401, Ethereum rallied to a late intraday high $3,655.02.
Falling short of the first major resistance level at $3,691, however, Ethereum eased back to end the day at sub-$3,600 levels.
At the time of writing, Ethereum was down by 0.24% to $3,579.96. A mixed start to the day saw Ethereum rise to an early morning high $3,592.27 before falling to a low $3,576.57.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $3,572 pivot to bring the first major resistance level at $3,672 play.
Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $3,655.02.
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 $4,000 before any pullback. The second major resistance level sits at $3,755.
A fall through the $3,572 pivot would bring the first major support level at $3,488 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the 23.6% FIB of $3,369. The second major support level at $3,388 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $3,488
Pivot Level: $3,572
First Major Resistance Level: $3,672
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 0.06% on Thursday. Following a 2.70% rise from Wednesday, Litecoin ended the day at $178.61.
A mixed start to the day saw Litecoin fall to an early morning intraday low $173.42 before making a move.
While steering clear the first major support level at $167, Litecoin fell through the 23.6% FIB of $178.
Finding early morning support, however, Litecoin rallied to a late morning intraday high $187.03.
Litecoin broke back through the 23.6% FIB and broke through the first major resistance level at $186.
A late morning pullback, however, saw Litecoin fall back to $176 levels before a move back through the 23.6% FIB.
At the time of writing, Litecoin was down by 0.22% to $178.22. A range-bound start to the day saw Litecoin rise to an early morning high $178.93 before falling to a low $178.17.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $180 pivot to bring the first major resistance level at $186 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 Thursday’s high $187.03 would likely cap the upside.
In the event of another breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $193.
Failure to move through the $180 pivot would bring the 23.6% FIB of $178 and the first major support level at $172 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$165. The second major support level at $166 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $172
Pivot Level: $180
First Major Resistance Level: $186
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 0.78% on Thursday. Following a 0.38% decline on Wednesday, Ripple’s XRP ended the day at $1.0675.
A mixed start to the day saw Ripple’s XRP slide to an early morning intraday low $1.04453 before making a move.
While steering clear of the first major support level at $1.0295, Ripple’s XRP fell through the 38.2% FIB of $1.0659.
Finding early morning support, however, Ripple’s XRP rallied to a late morning intraday high $1.0939 before a 2nd pullback.
While breaking back through the 38.2% FIB, Ripple’s XRP came up short of the first major resistance level at $1.1185.
The 2nd pullback saw Ripple’s XRP fall back through the 38.2% FIB of 1.0659 before ending the day at $1.067 levels.
At the time of writing, Ripple’s XRP was up by 0.33% to $1.07106. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.06879 to a high $1.07106.
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 $1.0687 pivot to bring the first major resistance level at $1.0928 into play.
Support 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 resistance at $1.10 would likely cap the upside.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.15 levels. The second major resistance level sits at $1.1181.
A fall through the $1.0687 pivot would bring the 38.2% FIB of $1.0659 and the first major support level at $1.0434 into play.
Barring an extended sell-off, however, Ripple’s XRP should avoid sub-$1.00 levels. The second major support level at $1.0193 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $1.0434
Pivot Level: $1.0687
First Major resistance Level: $1.0928
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