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Ethereum
Ethereum fell by 4.12% on Tuesday. Following a 4.40% slide on Monday, Ethereum ended the day at $2,805.65.
A mixed start to the day saw Ethereum rise to an early morning intraday high $2,971.16 before hitting reverse.
Falling short of the first major resistance level at $3,087, Ethereum slid to a final hour intraday low $2,782.60.
Ethereum fell through the first major support level at $2,844 to end the day at $2,805 levels.
At the time of writing, Ethereum was down by 0.22% to $2,799.58. A mixed start to the day saw Ethereum rise to an early morning high $2,828.00 before falling to a low $2,785.06.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $2,853 pivot to bring the first major resistance level at $2,924 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $2,900 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $2,971.16 would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $3,100 before any pullback. The second major resistance level sits at $3,042.
Failure to move through the $2,853 pivot would bring the 38.2% FIB of $2,740 and the first major support level at $2,735 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,700 levels. The second major support level sits at $2,665.
Looking at the Technical Indicators
First Major Support Level: $2,735
Pivot Level: $2,853
First Major Resistance Level: $2,924
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin fell by 3.12% on Tuesday. Following a 3.66% decline on Monday, Litecoin ended the day at $140.54.
After a choppy morning, Litecoin rose to an early afternoon intraday high $148.93 before hitting reverse.
Falling short of the first major resistance level at $152, Litecoin fell to a final hour intraday low $140.00.
Litecoin fell through the first major support level at $142 to end the day at $140 levels.
At the time of writing, Litecoin was up by 0.12% to $140.71. A mixed start to the day saw Litecoin rise to an early morning high $141.36 before falling to a low $139.77.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $143 pivot to bring the first major resistance level at $146 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $145 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $148.93 would likely cap the upside.
In the event of another breakout, Litecoin could test resistance at $155 before any pullback. The second major resistance level sits at $152.
Failure to move through the $143 pivot would bring the first major support level at $137 into play.
Barring another extended sell-off, Litecoin should steer clear of the second major support level at $134.
Looking at the Technical Indicators
First Major Support Level: $137
Pivot Level: $143
First Major Resistance Level: $146
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 3.07% on Tuesday. Following a 2.24% loss on Monday, Ripple’s XRP ended the day at $0.89360.
After a mixed start, Ripple’s XRP rose to a late morning intraday high $0.94242 before hitting reverse.
Falling short of the first major resistance level at $0.9626, Ripple’s XRP slid to a final hour intraday low $0.89115.
Ripple’s XRP fell through the first major support level at $0.9013 to end the day at sub-$0.90 levels.
At the time of writing, Ripple’s XRP was down by 0.66% to $0.88772. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.89895 before falling to a low $0.88657.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP would need to move through the $0.9091 pivot to bring the first major resistance level at $0.9270 into play.
Support would be needed, however, for Ripple’s XRP to break back through to $0.92 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s high $0.94242 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 $0.9603.
Failure to move through $0.9091 pivot would bring the first major support level at $0.8757 into play.
Barring an extended sell-off, however, Ripple’s XRP should avoid the second major support level at $0.8578 and the 23.6% FIB of $0.8533.
Looking at the Technical Indicators
First Major Support Level: $0.8757
Pivot Level: $0.9091
First Major resistance Level: $0.9270
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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