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Ethereum
Ethereum rose by 1.66% on Sunday. Reversing a 1.33% loss from Saturday, Ethereum ended the week up by 22.49% to $3,952.17.
A mixed start to the day saw Ethereum fall to an early morning intraday low $3,835.70 before making a move.
Steering clear of the first major support level at $3,825, Ethereum rallied to a late intraday high $3,982.64.
Ethereum broke through the first major resistance level at $3,960 before easing back.
At the time of writing, Ethereum was down by 0.29% to $3,940.60. A mixed start to the day saw Ethereum rise to an early morning high $3,964.21 before falling to a low $3,926.55.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $3,924 pivot to bring the first major resistance level at $4,011 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $4,000 levels.
Barring another extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $4,150 before any pullback. The second major resistance level sits at $4,070.
A fall through the $3,924 pivot would bring the first major support level at $3,864 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,800 levels. The second major support level sits at $3,777.
Looking at the Technical Indicators
First Major Support Level: $3,864
Pivot Level: $3,924
First Major Resistance Level: $4,011
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rallied by 9.49% on Sunday. Following a 0.55% decline on Saturday, Litecoin ended the week up by 33.14% to $232.30.
A mixed start to the day saw Litecoin fall to an early morning intraday low $210.57 before making a move.
Steering clear of the first major support level at $205, Litecoin rallied to a late intraday high $323.64.
Litecoin broke through the first major resistance level at $222 and the second major resistance level at $232.
More significantly, Litecoin also broke through the 38.2% FIB of $223 to end the day at $232 levels.
At the time of writing, Litecoin was down by 1.49% to $228.84. A bearish start to the day saw Litecoin fall from an early morning high $232.41 to a low $227.04.
Litecoin left the major support and resistance levels untested early on
For the day ahead
Litecoin would need to avoid the $225 pivot and the 38.2% FIB of $223 to bring the first major resistance level at $240 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $235 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 $247.
A fall through the $225 pivot and the 38.2% FIB of $223 would bring the first major support level at $218 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$210 levels. The second major support level sits at $203.
Looking at the Technical Indicators
First Major Support Level: $218
Pivot Level: $225
First Major Resistance Level: $240
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 4.11% on Sunday. Reversing a 2.65% decline from Saturday, Ripple’s XRP ended the week up by X% to $1.30683.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $1.23801 before making a move.
Steering clear of the first major support level at $1.2306, Ripple’s XRP rallied to a late intraday high $1.31269 before easing back.
Ripple’s XRP broke through the first major resistance level at $1.2895 to end the day at $1.30 levels.
At the time of writing, Ripple’s XRP was up by 1.35% to $1.32441. A bullish start to the day saw Ripple’s XRP rally from an early morning low $1.31018 to a high $1.34039.
Ripple’s XRP briefly broke through the first major resistance level at $1.3337 before easing back.
For the day ahead
Ripple’s XRP would need to avoid the $1.2858 pivot to bring first major resistance level at $1.3337 back into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.33 levels.
Barring an extended crypto rally, the morning high $1.34039 would likely cap any upside.
In the event of another breakout, Ripple’s XRP could test resistance at $1.40 before any pullback. The second major resistance level sits at $1.3605.
A fall through the $1.2858 pivot would bring the first major support level at $1.2590 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $1.2112.
Looking at the Technical Indicators
First Major Support Level: $1.2590
Pivot Level: $1.2858
First Major resistance Level: $1.3337
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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