Ethereum
Ethereum rose by 0.82% on Sunday. Following on from a 3.22% gain from Saturday, Ethereum ended the week up by 3.58% to $2150.54.
A mixed start to the day saw Ethereum fall to a mid-morning intraday low $2,112.58 before making a move.
Steering clear of the first major support level at $2,062, Ethereum rose to a late intraday high $2,163.18.
Falling short of the first major resistance level at $2,200, Ethereum eased back to end the day at $2,150 levels.
At the time of writing, Ethereum was down by 0.16% to $2,147.20. A mixed start to the day saw Ethereum rise to an early morning high $2,160.60 before falling to a low $2,147.00.
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 $2,142 to support a run at the first major resistance level at $2,172.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $2,163.18
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 $2,200 before any pullback. The second major resistance level sits at $2,193.
Failure to avoid a fall through the $2,142 pivot would bring the first major support level at $2,121 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,050 levels. The second major support level at $2,092 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $2,121
Pivot Level: $2,142
First Major Resistance Level: $2,172
23.6% FIB Retracement Level: $1,696
38.2% FIB Retracement Level: $1,387
62% FIB Retracement Level: $888
Litecoin
Litecoin fell by 1.49% on Sunday. Partially reversing a 15.75% breakout from Saturday, Litecoin ended the week up by 24.81% to $252.44.
A bullish start to the day saw Litecoin rise to a mid-morning intraday high and a new swing hi $262.98 before hitting reverse.
Falling short of the first major resistance level at $269, Litecoin fell to a late afternoon intraday low $244.48.
Steering clear of the first major support level at $231, Litecoin moved back through to $252 levels to limit the loss on the day.
At the time of writing, Litecoin was down by 0.23% to $251.86. A mixed start to the day saw Litecoin rise to an early morning high $254.96 before falling to a low $251.72.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $255 pivot level to support a run at the first major resistance level at $261.
Support from the broader market would be needed, however, for Litecoin to break back through to $260 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s high $262.98 would likely cap any upside.
In the event of an extended rally, Litecoin could test the second major resistance level at $270.
Failure to move through the $255 pivot level would bring the first major support level at $246 into play.
Barring an extended sell-off, Litecoin should continue to steer well clear of the second major support level at $240.
Looking at the Technical Indicators
First Major Support Level: $246
Pivot Level: $255
First Major Resistance Level: $261
23.6% FIB Retracement Level: $207
38.2% FIB Retracement Level: $172
62% FIB Retracement Level: $116
Ripple’s XRP
Ripple’s XRP fell by 1.32% on Sunday. Following a 34.82% surge on Saturday, Ripple’s XRP ended the week up by 113.1% to $1.35243.
A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high and a new swing hi $1.49667.
Falling short of the first major resistance level at $1.5131, Ripple’s XRP slid to a mid-day intraday low $1.28937.
Steering clear of the first major support level at $1.1202, Ripple’s XRP revisited $1.41 levels before falling back into the red.
At the time of writing, Ripple’s XRP was down by 0.56% to $1.34483. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.36699 before falling to a low $1.34162.
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 $1.3795 pivot level to bring the first major resistance level at $1.4696 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from $1.45 levels.
Barring an extended crypto rally, the first major resistance level and Sunday’s new swing hi $1.49667 would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $1.60 levels before any pullback. The second major resistance level sits at $1.5868.
Failure to move through the $1.3795 pivot would bring the first major support level at $1.2623 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of the 23.6% FIB of $1.1841. The second major support level sits at $1.1722.
Looking at the Technical Indicators
First Major Support Level: $1.2623
Pivot Level: $1.3795
First Major resistance Level: $1.4696
23.6% FIB Retracement Level: $1.1841
38.2% FIB Retracement Level: $0.9907
62% FIB Retracement Level: $0.6781
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire
