Ethereum
Ethereum rose by 0.08% on Tuesday. Partially reversing a 1.31% loss from Monday, Ethereum ended the day at $1.781.97.
A bearish start to the day saw Ethereum tumble to an early morning intraday low $1,725.0 before finding support.
Steering clear of the first major support level at $1,681, Ethereum struck an early morning intraday high $1,825.00 before hitting reverse.
Falling short of the first major resistance level at $1,857, Ethereum fell back to $1,725 levels and into the red.
A late move back through to $1,780 levels delivered the upside on the day.
At the time of writing, Ethereum was down by 0.18% to $1,778.70. A mixed start to the day saw Ethereum rise to an early morning high $1,786.18 before falling to a low $1,778.62.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the pivot level at $1,777 to support a run at the first major resistance level at $1,830.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $1,825.00.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high would likely cap any upside.
In the event of an extended crypto rally, Ethereum could test resistance at Saturday’s swing hi $1,877.88 and the second major resistance level at $1,877.
Failure to avoid a fall through the $1,777 pivot would bring the first major support level at $1,730 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $1,677.
Looking at the Technical Indicators
First Major Support Level: $1,730
Pivot Level: $1,777
First Major Resistance Level: $1,830
23.6% FIB Retracement Level: $1,454
38.2% FIB Retracement Level: $1,191
62% FIB Retracement Level: $767
Litecoin
Litecoin rose by 0.99% on Tuesday. Partially reversing a 2.81% decline from Monday, Litecoin ended the day at $210.17.
A mixed start to the day saw Litecoin fall to an early morning low $201.00 before making a move.
Steering clear of the major support levels, Litecoin struck a mid-day intraday high $221.95 before a 2nd reversal.
Falling short of the first major resistance level at $223.07, Litecoin slid to a late afternoon intraday low $200.18.
Steering clear of the first major support level at $189.65, Litecoin wrapped up the day at $210 levels.
At the time of writing, Litecoin was up by 0.70% to $211.65. A bullish start to the day saw Litecoin rise from an early morning low $210.17 to a high $212.00.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $210.77 pivot level to support a run at the first major resistance level at $221.35.
Support from the broader market would be needed, however, for Litecoin to break back through to $220 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $221.95 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at the swing hi $230.81 and the second major resistance level at $232.54.
Failure to avoid a fall through the $210.77 pivot level would bring the first major support level at $199.58 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$190 and the second major support level at $189.00.
Looking at the Technical Indicators
First Major Support Level: $199.58
Pivot Level: $210.77
First Major Resistance Level: $221.35
23.6% FIB Retracement Level: $182
38.2% FIB Retracement Level: $152
62% FIB Retracement Level: $104
Ripple’s XRP
Ripple’s XRP fell by 5.35% on Tuesday. Following on from a 7.42% slide on Monday, Ripple’s XRP ended the day at $0.51985.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $0.58012 before hitting reverse.
Falling short of the first major resistance level at $0.5987, Ripple’s XRP tumbled to a late intraday low $0.48201.
Ripple’s XRP fell through the first major support level at $0.5054 to visit sub-$0.50 levels for the first time since Thursday.
The sell-off also saw Ripple’s XRP fall through the 23.6% FIB of $0.5320.
Finding late support, however, Ripple’s XRP broke back through the first major support level to end the day at $0.519 levels.
At the time of writing, Ripple’s XRP was up by 1.38% to $0.52700. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.52017 to a high $0.52700.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move through the $0.5273 pivot level to bring the 23.6% FIB of $0.5320 and the first major resistance level at $0.5726 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.55 levels.
Barring another extended crypto rally, the first major resistance level and Tuesday’s high $0.58012 would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.65 before any pullback. The second major resistance level sits at $0.6254.
Failure to move through the $0.5273 pivot would bring and the first major support level at $0.4745 into play.
Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.45 levels and the second major support level at $0.4292. The 38.2% FIB of $0.4632 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.4745
Pivot Level: $0.5273
First Major Resistance Level: $0.5726
23.6% FIB Retracement Level: $0.5320
38.2% FIB Retracement Level: $0.4632
62% FIB Retracement Level: $0.3521
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Thanks, Bob
This article was originally posted on FX Empire