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Ethereum
Ethereum slid by 6.26% on Friday. Following a 2.13% decline on Thursday, Ethereum ended the day at $3,209.82.
A mixed start to the day saw Ethereum rise to an early morning intraday high $3,514.37 before hitting reverse.
Falling short of the first major resistance level at $3,531, Ethereum fell to a late intraday low $3,142.67.
Ethereum fell through the first major support level at $3,356 and the second major support level at $3,287.
The sell-off also saw Ethereum fall through the 23.6% FIB of $3,369 to end the day at $3,200 levels.
At the time of writing, Ethereum was up by 1.26% to $3,250.25. A mixed start to the day saw Ethereum fall to an early morning low $3,199.88 before rising to a high $3,254.18.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $3,289 pivot to bring the 23.6% FIB of $3,369 and the first major resistance level at $3,435 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $3,400 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 $3,700 before any pullback. The second major resistance level sits at $3,661.
Failure to move through the $3,289 pivot would bring the first major support level at $3,064 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,000 levels. The second major support level sits at $2,917.
Looking at the Technical Indicators
First Major Support Level: $3,064
Pivot Level: $3,289
First Major Resistance Level: $3,435
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin fell by 3.49% on Friday. Reversing a 0.91% gain from Thursday, Litecoin ended the day at $174.16.
A mixed start to the day saw Litecoin rise to an early morning intraday high $187.38 before hitting reverse.
Coming up against the first major resistance level at $187, Litecoin slid to a late intraday low $170.88.
Litecoin fell through the 23.6% FIB of $178 and the first major support level at $175 to end the day at $174 levels.
At the time of writing, Litecoin was up by 0.75% to $175.46. A mixed start to the day saw Litecoin fall to an early morning low $173.44 before rising to a high $175.69.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $178 pivot and the 23.6% FIB of $178 to bring the first major resistance level at $184 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $180 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $187.38 would likely cap the upside.
In the event of broad-based crypto rally, Litecoin could the second major resistance level at $200. The second major resistance level sits at $194.
Failure to move through the $178 pivot and the 23.6% FIB would bring the first major support level at $168 into play.
Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $161.
Looking at the Technical Indicators
First Major Support Level: $168
Pivot Level: $178
First Major Resistance Level: $184
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP fell by 3.09% on Friday. Following a 1.15% loss on Thursday, Ripple’s XRP ended the day at $1.0588.
A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $1.24499 before hitting reverse.
Ripple’s XRP broke through the day’s major resistance levels before hitting reverse.
The reversal saw Ripple’s XRP slide to a late intraday low $1.03058.
Ripple’s XRP fell through the 38.2% FIB of $1.0659 and the first major support level at $1.0616.
Finding support at the second major support level at $1.0351, Ripple’s XRP ended the day at $1.05 levels.
At the time of writing, Ripple’s XRP was up by 0.80% to $1.06437. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.05296 before rising to a high $1.06918.
While leaving the major support and resistance levels untested, Ripple’s XRP tested resistance at the 38.2% FIB of $1.0659 early on.
For the day ahead
Ripple’s XRP would need to move through the 38.2% FIB and the $1.1105 pivot to bring first major resistance level at $1.1904 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from $1.10 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $1.20 would likely cap the upside.
In the event of a broad-based crypto rebound, Ripple’s XRP could test resistance at $1.30 levels before any pullback. The second major resistance level sits at $1.3249.
Failure to move through the 38.2% FIB and the $1.1105 pivot would bring the first major support level at $0.9760 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.90 levels. The second major support level sits at $0.8961.
Looking at the Technical Indicators
First Major Support Level: $0.9760
Pivot Level: $1.1105
First Major resistance Level: $1.1904
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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