Ethereum
Ethereum fell by 1.33% on Monday. Following a 0.37% decline on Sunday, Ethereum ended the day at $4,565.06.
A bullish start to the day saw Ethereum rise to an early afternoon intraday high $4,770.00 before hitting reverse.
Ethereum broke through the first major resistance level at $4,709 before sliding to a late intraday low $4,541.00.
Steering clear of the first major support level at $4,530, however, Ethereum ended the day at $4,560 levels.
At the time of writing, Ethereum was down by 0.49% to $4,542.65. A mixed start to the day saw Ethereum rise to an early morning high $4,564.98 before falling to a low $4,527.43.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $4,625 pivot to bring the first major resistance level at $4,710 into play.
Support from the broader market would be needed, however, for Ethereum to break out from to $4,650 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $4,770.00 would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at the ATH $4,867.81 before any pullback. The second major resistance level sits at $4,854.
Failure to move through the $4,625 pivot would bring the first major support level at $4,481 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,300 levels. The second major support level at $4,396 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $4,481
Pivot Level: $4,625
First Major Resistance Level: $4,710
23.6% FIB Retracement Level: $3,738
38.2% FIB Retracement Level: $3,039
62% FIB Retracement Level: $1,909
Litecoin
Litecoin slid by 5.85% on Monday. Partially reversing an 8.38% rally from Sunday, Litecoin ended the day at $263.05.
A bullish start to the day saw Litecoin rise to a mid-morning intraday high $281.46 before hitting reverse.
Falling short of the first major resistance level at $290, Litecoin slid to a late intraday low $259.20.
Finding support at the first major support level at $259, Litecoin revisited $265 levels before easing back.
At the time of writing, Litecoin was down by 0.44% to $261.89. A mixed start to the day saw Litecoin fall to an early morning low $260.53 before rising to a high $263.20.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $268 pivot to bring the first major resistance level at $277 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $270 levels.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of another breakout, Litecoin could test the second major resistance level at $290.
Failure to move through the $268 pivot would bring the first major support level at $255 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$250 levels. The second major support level sits at $246.
Looking at the Technical Indicators
First Major Support Level: $255
Pivot Level: $268
First Major Resistance Level: $277
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 1.51% on Monday. Following a 0.30% loss on Sunday, Ripple’s XRP ended the day at $1.17054.
A bullish start saw Ripple’s XRP rally to a mid-morning intraday high $1.2200 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $1.2014 before sliding to a late intraday low $1.16646.
Ripple’s XRP fell through the first major support level at $1.1718 to end the day at sub-$1.1710 levels.
At the time of writing, Ripple’s XRP was down by 0.37% to $1.16624. A bearish start to the day saw Ripple’s XRP fall from an early morning high $1.17207 to a low $1.16624.
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 $1.1857 pivot to bring the first major resistance level at $1.2049 into play.
Support would be needed, however, for Ripple’s XRP to break back through to $1.20 levels.
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 $1.25 levels before any pullback. The second major resistance level sits at $1.2392.
Failure to move through the $1.1857 pivot would bring the first major support level at $1.1513 into play.
Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.10 levels. The second major support level at $1.1321 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $1.1513
Pivot Level: $1.1857
First Major resistance Level: $1.2049
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
This article was originally posted on FX Empire