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This is the technical analysis for Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s.
Ethereum (ETH)
Ethereum (ETH) rose by 1.02% on Sunday. Following a 4.90% rally on Saturday, Ethereum ended the week down by 1.67% to $4,133.
A bearish morning saw Ethereum fall to a late morning intraday low $3,989 before making a move. Steering clear of the first major support level at $3,918, Ethereum rallied to a late intraday high $4,186.
Coming up against the first major resistance level at $4,182, however, Ethereum eased back to end the day at $4,130 levels.
At the time of writing, Ethereum was down by 3.61% to $3,984. A mixed start to the day saw Ethereum rise to an early morning high $4,146 before sliding to a low $3,962.
Ethereum fell through the first major support level at $4,020 early on.
For the day ahead
Ethereum would need to move back through the firsts major support level and the $4,103 pivot to bring the first major resistance level at $4,216 into play. Support from the broader market would be needed, however, for Ethereum to break back through to $4,200 levels. Barring an extended rally, the first major resistance level should limit the upside.
In the event of a broad-based crypto rally, Ethereum could test the second major resistance level at $4,300.
Failure to move back through the first major support level at $4,020 would bring the second major support level at $3,906 into play. Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,900 levels. The third major support sits level at $3,709.
Looking at the Technical Indicators
First Major Support Level: $4,020
Pivot Level: $4,103
First Major Resistance Level: $4,216
23.6% FIB Retracement Level: $3,738
38.2% FIB Retracement Level: $3,039
62% FIB Retracement Level: $1,909
Litecoin
Litecoin (LTC) rose by 0.52% on Sunday. Following a 6.48% rally from Saturday, Litecoin ended the week up by 1.51% to $159.
Tracking the broader market, Litecoin fell to a late morning intraday low $153.34 before making a move. Steering clear of the first major support level at $149, Litecoin rallied to a late intraday high $162.98.
Coming up against the first major resistance level at $163, however, Litecoin eased back to end the day at sub-$160 levels.
At the time of writing, Litecoin was down by 2.63% to $154.82. A bearish start to the day saw Litecoin fall from an early morning high $159.97 to a low $154.13.
Litecoin tested the first major support level at $154 early on.
For the day ahead
Litecoin would need to move back through the $158 pivot to bring the first major resistance level at $164 into play. Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $162.98.
Barring an extended crypto rally, the first major resistance level and resistance at $165 would likely cap the upside. In the event of an extended rally, Litecoin could test resistance at $170 before any pullback. The second major resistance level sits at $168.
Failure to move back through the $158 pivot would bring the first major support level at $154 back into play. Barring another extended sell-off, Litecoin should steer clear of sub-$150 levels. The second major support level sits at $149.
Looking at the Technical Indicators
First Major Support Level: $154
Pivot Level: $158
First Major Resistance Level: $164
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 0.10% on Sunday. Following a 4.72% gain on Saturday, Ripple’s XRP ended the week up by 4.35% to $0.84044.
A bearish start to the day saw Ripple’s XRP fall to a late morning intraday low $0.81059 before finding support. Steering clear of the first major support level at $0.8010, Ripple’s XRP rallied to a late intraday high $0.85688.
Ripple’s XRP broke through the 23.6% FIB of $0.8533. Coming within range of the first major resistance level at $0.8587, however, Ripple’s XRP fell back to end the day at sub-$0.85 levels.
At the time of writing, Ripple’s XRP was down by 2.32% to 0.82095. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.84403 to a low $0.81924.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP would need to move back through the $0.8360 pivot to bring the 23.6% FIB of $0.8533 and the first major resistance level at $0.8614 into play.
Support would be needed, however, for Ripple’s XRP to break back through to $0.86 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, Ripple’s XRP could test resistance at $0.90 before any pullback. The second major resistance level sits at $0.8823.
Failure to move back through the $0.8360 pivot would bring the first major support level at $0.8151 into play. Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$0.80 levels. The second major support level sits at $0.7897.
Looking at the Technical Indicators
First Major Support Level: $0.8151
Pivot Level: $0.8360
First Major resistance Level: $0.8614
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP
This article was originally posted on FX Empire
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