Ethereum
Ethereum rose by 3.37% on Friday. Following a 3.59% gain on Thursday, Ethereum ended the day at $2,463.90.
A mixed start to the day saw Ethereum fall to a late morning intraday low $2,317.51 before making a move.
Steering clear of the first major support level at $2,301, Ethereum rallied to a late intraday high $2,472.18.
Ethereum broke through the first major resistance level at $2,433 to end the day at $2,470 levels.
At the time of writing, Ethereum was down by 0.63% to $2,448.28. A mixed start to the day saw Ethereum rise to an early morning high $2,468.76 before falling to a low $2,443.35.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $2,418 pivot to bring the first major resistance level at $2,518 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $2,472.18.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another broad-based crypto rally, Ethereum could resistance at $2,650 before any pullback. The second major resistance level sits at $2,573.
A fall through the $2,418 pivot would bring the first major support level at $2,364 into play.
Barring an extended sell-off, however, Ethereum should continue to steer clear of sub-$2,200 levels. The second major support level at $2,263 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $2,364
Pivot Level: $2,418
First Major Resistance Level: $2,518
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 2.86% on Friday. Following a 0.74% gain on Thursday, Litecoin ended the day at $145.62.
A mixed start to the day saw Litecoin fall to a late morning intraday low $135.92 before making a move.
Litecoin fell through the first major support level at $138 before rallying to a final our intraday high $145.93.
Litecoin broke through the first major resistance level at $144 to end the day at $145 levels.
At the time of writing, Litecoin was down by 0.68% to $144.63. A mixed start to the day saw Litecoin rise to an early morning high $145.84 before falling to a low $144.50.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the $143 pivot to bring the first major resistance level at $149 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $145.93.
Barring an extended crypto rally, the first major resistance level and resistance at $150 would likely cap any upside.
In the event of another extended breakout, Litecoin could test resistance at $155. The second major resistance level sits at $153.
A fall through the $143 pivot would bring the first major support level at $139 into play.
Barring an extended sell-off, however, Litecoin should continue to steer clear of sub-$135 levels. The second major support level sits at $133.
Looking at the Technical Indicators
First Major Support Level: $139
Pivot Level: $143
First Major Resistance Level: $149
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 0.38% on Friday. Following a 2.39% gain on Thursday, Ripple’s XRP ended the day at $0.75282.
After a mixed start to the day, Ripple’s XRP fell to a late morning intraday low $0.71252 before making a move.
Steering clear of the first major support level at $0.7102, Ripple’s XRP rallied to a late intraday high $0.76948.
Falling short of the first major resistance level at $0.7778, Ripple’s XRP eased back to end the day at sub-$0.76 levels.
At the time of writing, Ripple’s XRP was down by 0.62% to $0.74818. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.75311 to a low $0.74818.
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 $0.7449 pivot to bring the first major resistance level at $0.7774 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.76948.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, Ripple’s XRP could test resistance at $0.80 before any pullback. The second major resistance level sits at $0.8019.
A fall through the $0.7449 pivot would bring the first major support level at $0.7204 into play.
Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.70 levels. The second major support level sits at $0.6880.
Looking at the Technical Indicators
First Major Support Level: $0.7204
Pivot Level: $0.7449
First Major resistance Level: $0.7774
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
