Ethereum
Ethereum rose by 4.63% on Sunday. Following an 8.05% rally from Saturday, Ethereum ended the week up by 21.55% to $1,728.22.
Relatively range-bound through most of the day, Ethereum fell to an early afternoon intraday low $1,631.07 before making a move.
Steering clear of the first major support level at $1,559, Ethereum rallied to a final hour intraday high $1,735.00.
Ethereum broke through the first major resistance level at $1,698 to end the week at $1,700 levels.
At the time of writing, Ethereum was up by 1.10% to $1,747.17 A bullish start to the day saw Ethereum rise from an early morning low $1,727.95 to a high $1,751.94.
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 $1,698 to support another run at the first major resistance level at $1,765.
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $1,751.94.
Barring an extended crypto rally, the first major resistance level and resistance at $1,800 would likely cap any upside.
In the event of a breakout, Ethereum could test resistance at $1,850 before any pullback. The second major resistance level sits at $1,802.
Failure to avoid a fall through the $1,698 pivot would bring the first major support level at $1,661 into play.
Barring an extended sell-off, however, Ethereum should continue to steer clear of sub-$1,600 levels. The second major support level sits at $1,594.
Looking at the Technical Indicators
First Major Support Level: $1,661
Pivot Level: $1,698
First Major Resistance Level: $1,765
23.6% FIB Retracement Level: $1,579
38.2% FIB Retracement Level: $1,292
62% FIB Retracement Level: $830
Litecoin
Litecoin rallied by 4.30% on Sunday. Following on from a 1.38% gain on Saturday, Litecoin ended the week up by 15.20% to $190.74
A mixed start to the day saw Litecoin fall to a mid-morning intraday low $182.33 before making a move.
Steering clear of the first major support level at $177, Litecoin rallied to a final hour intraday high $192.14.
Litecoin broke through the first major resistance level at $187 and the second major resistance level at $190 to end the week at $190 levels.
At the time of writing, Litecoin was up by 1.73% to $194.04. A bullish start to the day saw Litecoin rise from an early morning low $190.70 to a high $194.84.
Litecoin tested the first major resistance level at $195 and the 23.6% FIB of $195 early on.
For the day ahead
Litecoin would need to avoid a fall through the $188 pivot level to support another run at the first major resistance level at $195 and the 23.6% FIB.
Support from the broader market would be needed, however, for Litecoin to hold onto $194 levels early on.
Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $198.
Failure to avoid a fall through the $188 pivot level would bring the first major support level at $185 into play.
Barring an extended sell-off, Litecoin should steer clear of the second major support level at $179.
Looking at the Technical Indicators
First Major Support Level: $185
Pivot Level: $188
First Major Resistance Level: $195
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
Ripple’s XRP
Ripple’s XRP rose by a modest 0.33% on Sunday. Following on from a 1.79% gain on Saturday, Ripple’s XRP ended the week up by 11.88% to $0.46613.
It was a choppy start to the day. Ripple’s XRP rose to a late morning intraday high $0.46885 before hitting reverse.
Falling short of the first major resistance level at $0.4729, Ripple’s XRP slid to a late intraday low $0.45712.
Steering clear of the first major support level at $0.4516, Ripple’s XRP moved back through to $0.465 levels to end the day in the green.
At the time of writing, Ripple’s XRP was up by 0.44% to $0.46782. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.46595 before rising to a high $0.46897.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid a fall through the $0.4639 pivot level and the 38.2% FIB of $0.4632 to bring the first major resistance level at $0.4707 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.47 levels.
Barring an extended crypto rally, the first major resistance level would cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $0.48 before any pullback. The second major resistance level sits at $0.4756.
Failure to avoid a fall through the $0.4639 pivot and the 38.2% FIB would bring the first major support level at $0.4590 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.45 levels. The second major support level at $0.4522 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.4590
Pivot Level: $0.4639
First Major resistance Level: $0.4707
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