Ethereum
Ethereum rose by 4.68% on Sunday. Following a 0.22% decline on Saturday, Ethereum ended the week down by 8.05% to $3,060.71.
A mixed start to the day saw Ethereum slide to a late morning intraday low $2,741.34 before making a move.
Ethereum fell through the first major support level at $2,826.
Finding support at the 38.2% FIB of $2,740, however, Ethereum rallied to a late intraday high $3,117.48.
Ethereum broke through the first major resistance level at $2,995 and the second major resistance level at $3,067 before ending the day at $3,060 levels.
At the time of writing, Ethereum was down by 0.23% to $3,028.76. A mixed start to the day saw Ethereum rise to an early morning high $3,064.63 before falling to a low $3,028.76.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $2,973 pivot to bring the first major resistance level at $3,205 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $3,200 levels.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at the 23.6% FIB of $3,369 before any pullback. The second major resistance level sits at $3,349.
A fall through the $2,973 pivot would bring the first major support level at $2,829 into play.
Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $2,597. The 38.2% FIB of $2,740 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $2,829
Pivot Level: $2,973
First Major Resistance Level: $3,205
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin fell by 0.18% on Sunday. Following a 0.83% decline on Saturday, Litecoin ended the week down by 14.24% to $150.74.
A bearish start to the day saw Litecoin slide to a late morning intraday low $142.07 before making a move.
Litecoin fell through the first major support level at $148 and the second major support level at $145.
Steering clear of sub-$140 levels, however, Litecoin rallied to a late intraday high $153.51.
Falling short of the first major resistance level at $155, Litecoin slipped back to $150 levels and into the red.
At the time of writing, Litecoin was down by 0.45% to $150.06. A mixed start to the day saw Litecoin rise to an early morning high $150.76 before falling to a low $149.32.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the $149 pivot to bring the first major resistance level at $156 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $153.51.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of another breakout, Litecoin could test resistance at $165 before any pullback. The second major resistance level sits at $160.
A fall through the $149 pivot would bring the first major support level at $144 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$140. The second major support level sits at $137.
Looking at the Technical Indicators
First Major Support Level: $144
Pivot Level: $149
First Major Resistance Level: $156
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 0.52% on Sunday. Reversing a 0.53% decline on Saturday, Ripple’s XRP ended the week down by 9.89% to $0.94438.
A bearish start to the day saw Ripple’s XRP fall to a late morning intraday low $0.89322 before making a move.
Ripple’s XRP fell through the first major support level at $0.9196 and the second major support level at $0.8993.
Finding late morning support, however, Ripple’s XRP rose to a late intraday high $0.95634.
Falling short of the first major resistance level at $0.9587, Ripple’s XRP slid back to sub-$0.95 levels.
At the time of writing, Ripple’s XRP was down by 0.31% to $0.94143. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.94359 to a low $0.93604.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP would need to avoid the $0.9313 pivot to bring the first major resistance level at $0.9694 into play.
Support would be needed, however, for Ripple’s XRP to break out from Sunday’s high $0.95634.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Ripple’s XRP could test the second major resistance level at $0.9944.
A fall through $0.9313 pivot would bring the first major support level at $0.9063 into play. Barring an extended sell-off, however, Ripple’s XRP should avoid the second major support level at $0.8682.
Looking at the Technical Indicators
First Major Support Level: $0.9063
Pivot Level: $0.9313
First Major resistance Level: $0.9694
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
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