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Ethereum
Ethereum rose by 3.94% on Tuesday. Following on from a 4.99% gain on Monday, Ethereum ended the day at $2,166.18.
A mixed start to the day saw Ethereum fall to an early morning intraday low $2,074.53 before making a move.
Steering clear of the first major support level at $1,980, Ethereum rallied to a late afternoon intraday high $2,247.03.
Ethereum broke through the first major resistance level at $2,166 to end the day at $2,166 levels.
The second major resistance level at $2,248 had pinned Ethereum back in the late afternoon.
At the time of writing, Ethereum was down by 0.78% to $2,149.29. A mixed start to the day saw Ethereum rise to an early morning high $2,169.94 before falling to a low $2,140.21.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move back the $2,163 pivot to bring the first major resistance level at $2,251 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $2,247.03.
Barring an extended crypto rally, the first major resistance level and resistance at $2,300 would likely cap any upside.
In the event of a broad-based crypto rebound, Ethereum could test resistance at $2,400. The second major resistance level sits at $2,335.
Failure to move back through the $2,163 pivot would bring the first major support level at $2,078 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$2,000 levels. The second major support level sits at $1,990.
Looking at the Technical Indicators
First Major Support Level: $2,078
Pivot Level: $2,163
First Major Resistance Level: $2,251
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 4.70% on Tuesday. Following on from a 3.81% gain on Monday, Litecoin ended the day at $144.18.
A mixed start to the day saw Litecoin fall to an early morning intraday low $137.25 before making a move.
Steering clear of the first major support level at $132, Litecoin rallied to an early afternoon intraday high $149.26.
Litecoin broke through the first major resistance level at $142 and the second major resistance level at $145.
Falling short of $150 levels, however, Litecoin fell back through the second major resistance level to end the day at $144 levels.
At the time of writing, Litecoin was down by 0.56% to $143.37. A bearish start to the day saw Litecoin fall from an early morning high $144.46 to a low $142.52.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move back through the $144 pivot to bring the first major resistance level at $150 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $150 levels.
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 $160. The second major resistance level sits at $156.
Failure to move back through the $144 pivot would bring the first major support level at $138 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$130 levels. The second major support level at $132 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $138
Pivot Level: $144
First Major Resistance Level: $150
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP rallied by 9.51% on Tuesday. Reversing a 0.75% loss from Monday, Ripple’s XRP ended the day at $0.70560.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.64237 before making a move.
Steering clear of the first major support level at $0.6267, Ripple’s XRP rallied to a mid-day intraday high $0.73210.
Ripple’s XRP broke through the day’s major resistance levels before a late pullback.
Late in the day, Ripple’s XRP briefly fell back through the third major resistance level at $0.7055 before ending the day at $0.7056.
At the time of writing, Ripple’s XRP was down by 1.57% to $0.69450. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.70837 before falling to a low $0.69414.
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 $0.6934 pivot to bring the first major resistance level at $0.7443 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.73210.
Barring an extended crypto rally, the first major resistance level and resistance at $0.75 would likely cap any upside.
In the event of another breakout, Ripple’s XRP could test resistance at $0.80. The second major resistance level sits at $0.7831.
A fall through the $0.6934 pivot would bring the first major support level at $0.6546 into play.
Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.65 levels. The second major support level sits at $0.6036.
Looking at the Technical Indicators
First Major Support Level: $0.6546
Pivot Level: $0.6934
First Major resistance Level: $0.7443
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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