Ethereum
Ethereum rallied by 5.97% on Thursday. Reversing a 1.63% fall from Wednesday, Ethereum ended the day at $4,526.
A mixed start to the day saw Ethereum fall to an early morning intraday low $4,250 before making a move.
Steering clear of the first major support level at $4,173, Ethereum rallied to a late intraday high $4,555.
Ethereum broke through the first major resistance level at $4,364 and the second major resistance level at $4,457 to end the day at $4,500 levels.
At the time of writing, Ethereum was up by 0.30% to $4,540. A bullish start to the day saw Ethereum rise from an early morning low $4,527 to a high $4,541.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $4,444 pivot to bring the first major resistance level at $4,637 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s high $4,555.
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 $4,700 levels before any pullback. The second major resistance level sits at $4,749.
A fall through the $4,444 pivot would bring the first major support level at $4,332 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$4,200 levels. The second major support level sits at $4,139.
Looking at the Technical Indicators
First Major Support Level: $4,332
Pivot Level: $4,444
First Major Resistance Level: $4,637
23.6% FIB Retracement Level: $3,738
38.2% FIB Retracement Level: $3,039
62% FIB Retracement Level: $1,909
Litecoin
Litecoin rallied by 5.11% on Thursday. Reversing a 1.88% loss from Wednesday, Litecoin ended the day at $223.1.
Tracking the broader market, Litecoin fell to an early morning intraday low $210.8 before making a move.
Steering clear of the first major support level at $207, Litecoin rallied to a midday intraday high $229.8.
Litecoin broke through the first major resistance level at $217 and the second major resistance level at $222.
More significantly, Litecoin also broke through the 38.2S% FIB of $223 before sliding back to $220 levels.
Finding late support, however, Litecoin broke back through the second major resistance level and the 38.2% FIB to end the day at $223 levels.
At the time of writing, Litecoin was up by 0.29% to $223.7. A bullish start to the day saw Litecoin rose from an early morning low $223.1 to a high $224.0.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the 38.2% FIB of $223 and the $221 pivot to bring the first major resistance level at $232 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $229.8.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of an extended rally, Litecoin could test resistance at $245 before any pullback. The second major resistance level sits at $240.
A fall through the 38.2% FIB and the $221 pivot would bring the first major support level at $213 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$210 levels. The second major support level sits at $202.
Looking at the Technical Indicators
First Major Support Level: $213
Pivot Level: $221
First Major Resistance Level: $232
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 1.00% on Thursday. Partially reversing a 3.19% slide from Wednesday, Ripple’s XRP ended the day at $1.0435.
A choppy start to the day saw Ripple’s XRP fall to a late morning intraday low $1.0235 before making a move.
Steering clear of the first major support level at $1.0031, Ripple’s XRP rallied to a late afternoon intraday high $1.06344.
Falling short of the 38.2% FIB of $1.0659 and the first major resistance level at $1.0695, however, Ripple’s XRP fell back to end the day at sub-$1.05 levels.
At the time of writing, Ripple’s XRP was up by 0.22% to $1.0458. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.0463 before falling to a low $1.0454.
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 $1.0435 pivot to bring the first major resistance level at $1.0635 and the 38.2% FIB of $1.0659 into play.
Support would be needed, however, for Ripple’s XRP to break out from Thursday’s high $1.0634.
Barring an extended crypto rally, the first major resistance level and 38.2% FIB would likely cap the upside.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.10 levels before any pullback. The second major resistance level sits at $1.0834.
A fall through the $1.0435 pivot would bring first major support level at $1.0235 into play.
Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.00 levels. The second major support level at $1.0035 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $1.0235
Pivot Level: $1.0435
First Major resistance Level: $1.0635
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