Ethereum
Ethereum rallied by 8.51% on Sunday. Following a 1.11% gain on Saturday, Ethereum ended the week down by 11.51% to $1,984.71.
A mixed start to the day saw Ethereum rise to an early morning high $1,892.78 before hitting reverse.
Ethereum broke through the first major resistance level at $1,882 before sliding to a late intraday low $1,807.89.
Steering clear of the first major support level at $1,747, however, Ethereum surged to a final hour intraday high $1,988.62.
Ethereum broke back through the first major resistance level and broke through the second major resistance level at $1,934 to end the day at $1,984 levels.
At the time of writing, Ethereum was down by 0.82% to $1,968.53. A mixed start to the day saw Ethereum rise to an early morning high $1,993.67 before falling to a low $1,966.57.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $1,927 pivot to bring the first major resistance level at $2,046 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $2,000 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a broad-based crypto rebound, Ethereum could test resistance at $2,200. The second major resistance level sits at $2,108.
A fall through the $1,927 pivot would bring the first major support level at $1,866 into play.
Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $1,746.
Looking at the Technical Indicators
First Major Support Level: $1,866
Pivot Level: $1,927
First Major Resistance Level: $2,046
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 4.66% on Sunday. Following a 1.47% gain on Saturday, Litecoin ended the week down by 14.33% to $132.67.
Tracking the broader market, Litecoin rose to an early morning high $129.93 before hitting reverse.
Falling short of the first major resistance level at $131, Litecoin slid to a late intraday low $124.61.
Steering clear of the first major support level at $121, Litecoin jumped to a late intraday high $132.70.
Litecoin broke through the first major resistance level at $131 to end the day at $132 levels.
At the time of writing, Litecoin was down by 0.65% to $131.81. A mixed start to the day saw Litecoin rise to an early morning high $133.27 before falling to a low $131.74.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the $130 pivot to bring the first major resistance level at $135 into play.
Support from the broader market would be needed, however, for Litecoin to break out from the morning high $133.27.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $140. The second major resistance level sits at $138.
A fall through the $130 pivot would bring the first major support level at $127 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$120 levels. The second major support level at $122 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $127
Pivot Level: $130
First Major Resistance Level: $135
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 5.04% on Sunday. Following a 0.81% gain from Saturday, Ripple’s XRP ended the week down by 16.30% to $0.64794.
A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.63205 before hitting reverse.
Falling short of the first major resistance level at $0.6382, Ripple’s XRP slid to a late intraday low $0.59724.
Steering clear of the first major support level at $0.5880, however, Ripple’s XRP rallied to a late intraday high $0.65238.
Ripple’s XRP broke through the first major resistance level at $0.6382 to end the day at $0.64 levels.
At the time of writing, Ripple’s XRP was down by 1.06% to $0.64106. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.65363 before falling to a low $0.64106
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid the $0.6325 pivot to bring the first major resistance level at $0.6678 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.66 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $0.70. The second major resistance level sits at $0.6877.
A fall through the $0.6325 pivot would bring the first major support level at $0.6127 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.5774.
Looking at the Technical Indicators
First Major Support Level: $0.6127
Pivot Level: $0.6325
First Major resistance Level: $0.6678
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire
