[ad_1]
Ethereum
Ethereum rose by 3.23% on Tuesday. Following a 1.64% gain on Monday, Ethereum ended the day at $2,300.59.
A mixed start to the day saw Ethereum fall to an early morning intraday low $2,152.00 before making a move.
Steering clear of the first major support level at $2,122, Ethereum rallied to an early afternoon intraday high $2,321.00.
Falling short of the first major resistance level at $2,387, however, Ethereum eased back to end the day at sub-$2,310.
At the time of writing, Ethereum was down by 0.54% to $2,288.15. A mixed start to the day saw Ethereum rise to an early morning high $2,305.76 before falling to a low $2,287.74.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $2,258 pivot to bring the first major resistance level at $2,364 into play.
Support from the broader market would be needed, however, for Ethereum to breakout from Tuesday’s high $2,321.00.
Barring an extended crypto rally, the first major resistance level and resistance at $2,350 would likely cap any upside.
In the event of another broad-based crypto rally, Ethereum could resistance at $2,500 before any pullback. The second major resistance level sits at $2,427.
A fall through the $2,258 pivot would bring the first major support level at $2,194 into play.
Barring an extended sell-off, however, Ethereum should continue to steer clear of sub-$2,000 levels. The second major support level at $2,089 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $2,194
Pivot Level: $2,258
First Major Resistance Level: $2,364
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 2.78% on Tuesday. Following a 2.64% gain on Monday, Litecoin ended the day at $134.74.
A mixed start to the day saw Litecoin fall to an early morning intraday low $127.43 before making a move.
Steering clear of the first major support level at $125, Litecoin rallied to a late intraday high $135.19.
Falling short of the first major resistance level at $139, however, Litecoin eased back to end the day at $134 levels.
At the time of writing, Litecoin was down by 0.59% to $133.95. A mixed start to the day saw Litecoin rise to an early morning high $135.16 before falling to a low $133.87.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the $133 pivot to bring the first major resistance level at $138 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $135 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another extended breakout, Litecoin could test the second major resistance level at $140.
A fall through the $133 pivot would bring the first major support level at $130 into play.
Barring an extended sell-off, however, Litecoin should continue to steer clear of sub-$120 levels. The second major support level at $125 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $130
Pivot Level: $133
First Major Resistance Level: $138
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 3.44% on Tuesday. Following Monday’s 3.06% gain, Ripple’s XRP ended the day at $0.64500.
A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $0.61312 before making a move.
Steering clear of the first major support level at $0.5955, Ripple’s XRP rose to a mid-day intraday high $0.65307.
Falling short of the first major resistance level at $0.6671, however, Ripple’s XRP fell back to $0.62 levels before ending the day at $0.645 levels.
At the time of writing, Ripple’s XRP was down by 0.45% to $0.64207. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.64674 before falling to a low $0.64207.
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 $0.6371 pivot to bring the first major resistance level at $0.6610 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.65307.
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 $0.70 before any pullback. The second major resistance level sits at $0.6770.
A fall through the $0.6371 pivot would bring the first major support level at $0.6211 into play.
Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.60 levels. The second major support level sits at $0.5971.
Looking at the Technical Indicators
First Major Support Level: $0.6211
Pivot Level: $0.6371
First Major resistance Level: $0.6610
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
More From FXEMPIRE:
[ad_2]
