Ethereum
Ethereum fell by 2.74% on Sunday. Following on from a 3.35% slide on Saturday, Ethereum ended the week down by 1.33% to $448.58.
It was a mixed start to the day. Ethereum rose to an early morning intraday high $463.24 before hitting reverse.
Falling short of the first major resistance level at $475.38, Ethereum fell to a late intraday low $439.77.
The sell-off saw Ethereum fall through the first major support level at $449.55. Finding late support, Ethereum partially recovered to end the day at $448 levels.
At the time of writing, Ethereum was down by 0.27% to $447.36. A bearish start to the day saw Ethereum fall from an early morning high $448.80 to a low $447.13.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the pivot level at $450.53 to support a run at the first major resistance level at $461.29.
Support from the broader market would be needed, however, for Ethereum to break back through to $460 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a breakout, Ethereum could test resistance at $470 before any pullback. The second major resistance level sits at $474.00.
Failure to move through the $450.53 pivot would bring the first major support level at $437.82 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$430 levels. The second major support level sits at $427.06.
Looking at the Technical Indicators
First Major Support Level: $437.82
Pivot Level: $450.53
First Major Resistance Level: $461.29
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Litecoin
Litecoin fell by 2.38% on Sunday. Following on from a 3.27% slide on Saturday, Litecoin ended the week up by 2.26% to $62.37.
It was also a mixed start to the day. Litecoin rose to an early morning intraday high $64.50 before hitting reverse.
Falling short of the first major resistance level at $66.21, Litecoin fell to a late intraday low $61.08.
Litecoin fell through the first major support level at $61.61 before a move back through to $62 levels.
At the time of writing, Litecoin was down by 0.21% to $62.24. A bearish start to the day saw Litecoin fall from an early morning high $62.37 to a low $62.16.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $62.65 pivot to support a run at the first major resistance level at $64.22.
Support from the broader market would be needed, however, for Litecoin to break back through to $64 levels.
Barring another extended crypto rally, the first major resistance level and Sunday’s high $64.5 would likely cap any upside.
In the event of an extended breakout, Litecoin would likely test resistance at $66 before any pullback. The second major resistance level sits at $66.07.
Failure to move through the $62.65 pivot level would bring the first major support level at $60.80 into play.
Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$60. The second major support level sits at $59.23.
Looking at the Technical Indicators
First Major Support Level: $60.80
Pivot Level: $62.65
First Major Resistance Level: $64.22
23.6% FIB Retracement Level: $45.30
38.2% FIB Retracement Level: $71
62% FIB Retracement Level: $100
Ripple’s XRP
Ripple’s XRP rose by 0.38% on Sunday. Following on from a 0.98% gain on Saturday, Ripple’s XRP ended the week up by 6.29% to $0.26964.
It was a bullish start to the day. Ripple’s XRP rallied to an early morning intraday high $0.27705 before easing back.
Coming up against the first major resistance level at $0.2770, Ripple’s XRP fell back to $0.2710 levels going into the afternoon.
Through the 2nd half of the day, Ripple’s XRP briefly revisited $0.273 levels before sliding to a late intraday low $0.26429.
Steering clear of the first major support level at $0.2606, Ripple’s XRP recovered to $0.269 levels to end the day in the green.
At the time of writing, Ripple’s XRP was down by 0.35% to $0.26869. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.26926 to a low $0.26863.
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 $0.2703 pivot level to support a run at the first major resistance level at $0.2764.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from $0.2750 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $0.27705 would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test the second major resistance level at $0.2831.
Failure to move through the $0.2703 pivot would bring the first major support level at $0.2636 into play.
Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.26 levels. The second major support level sits at $0.2576.
Looking at the Technical Indicators
First Major Support Level: $0.2636
Pivot Level: $0.2703
First Major Resistance Level: $0.2764
23.6% FIB Retracement Level: $0.3638
38.2% FIB Retracement Level: $0.4800
62% FIB Retracement Level: $0.6678
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire