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Ethereum
Ethereum rallied by 5.29% on Thursday. Following a 1.59% gain on Wednesday, Ethereum ended the down by 12.53% to $3,000.46.
A mixed start to the day saw Ethereum fall to an early morning intraday low $2,836.21 before making a move.
Steering clear of the first major support level at $2,771, Ethereum rallied to a late afternoon intraday high $3,048.58.
Ethereum broke through the first major resistance level at $2,940 and the second major resistance level at $3,030.
A late pullback, however, saw Ethereum fall back through the second major resistance level to sub-$3,000 before ending the day at $3,000 levels.
At the time of writing, Ethereum was up by 0.98% to $3,030.00. A mixed start to the day saw Ethereum fall to an early morning low $2,998.49 before rising to a high $3,030.00.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $2,962 pivot to bring the first major resistance level at $3,087 into play.
Support from the broader market would be needed, however, for Ethereum to break out from $3,050 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $3,100 would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $3,300 before any pullback. The second major resistance level sits at $3,174.
A fall through the $2,962 pivot would bring the first major support level at $2,875 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $2,749 and the 38.2% FIB of $2,740.
Looking at the Technical Indicators
First Major Support Level: $2,875
Pivot Level: $2,962
First Major Resistance Level: $3,087
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rallied by 5.90% on Thursday. Following a 3.01% rise on Wednesday, Litecoin ended the month down by 10.65% to $153.30.
A mixed start to the day saw Litecoin fall to an early morning intraday low $143.90 before making a move.
Steering clear of the first major support level at $140, Litecoin rallied to an early afternoon intraday high $154.49.
Litecoin broke through the first major resistance level at $150 to end the day at $153 levels.
At the time of writing, Litecoin was up by 0.39% to $153.90. A mixed start to the day saw Litecoin fall to an early morning low $152.66 before rising to a high $153.98.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the $151 pivot to bring the first major resistance level at $157 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $155 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $160 would likely cap the upside.
In the event of another breakout, Litecoin could test resistance at $165 before any pullback. The second major resistance level sits at $161.
A fall through the $151 pivot would bring the first major support level at $147 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$140. The second major support level at $140 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $147
Pivot Level: $151
First Major Resistance Level: $157
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 2.97% on Thursday. Following a 3.91% gain on Wednesday, Ripple’s XRP ended the month down by 19.64% to $0.95348.
A mixed start saw Ripple’s XRP fall to an early morning intraday low $0.92245 before making a move.
Steering clear of the first major support level at $0.8788, Ripple’s XRP rallied to an early morning intraday high $0.96250.
Falling short of the first major resistance level at $0.9841, however, Ripple’s XRP slid back to $0.93 levels.
Finding late support, Ripple’s XRP moved back through to $0.95 levels to deliver the upside on the day.
At the time of writing, Ripple’s XRP was up by 0.38% to $0.95707. A mixed start to the day saw Ripple’s XRP fall to an early low $0.95352 before rising to a high $0.95884.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP would need to avoid the $0.9461 pivot to bring the first major resistance level at $0.9698 into play.
Support would be needed, however, for Ripple’s XRP to break out from $0.95 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $0.9625 would likely cap the upside.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.00 before any pullback. The second major resistance level sits at $0.9862.
A fall through $0.9461 pivot would bring the first major support level at $0.9298 into play.
Barring an extended sell-off, however, Ripple’s XRP should avoid sub-$0.90 levels. The second major support level at $0.9061 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $0.9298
Pivot Level: $0.9461
First Major resistance Level: $0.9698
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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