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Ethereum
Ethereum rallied by 9.11% on Monday. Following on from a 4.78% gain on Sunday, Ethereum ended the day at $2,533.99.
A mixed start to the day saw Ethereum fall to an early morning intraday low $2,306.03 before making a move.
Steering clear of the first major support level at $2,206, Ethereum rallied to a final hour intraday high $2,541.99.
Ethereum broke through the first major resistance level at $2,398 and the second major resistance level at $2,474 to wrap up the day at $2,500 levels.
At the time of writing, Ethereum was down by 0.97% to $2,509.51. A mixed start to the day saw Ethereum rise to an early morning high $2,550.00 before falling to a low $2,506.03.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the pivot level at $2,461 to support a run at the first major resistance level at $2,615.
Support from the broader market would be needed, however, for Ethereum to break back through to $2,600 levels.
Barring an extended crypto rally, the first major resistance level and last week’s swing hi $2,646.2 would likely cap any upside.
In the event of a breakout, Ethereum could test resistance at $2,700. The second major resistance level sits at $2,697.
Failure to avoid the $2,461 pivot would bring the first major support level at $2,379 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,200 levels. The second major support level at $2,225 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $2,379
Pivot Level: $2,461
First Major Resistance Level: $2,615
23.6% FIB Retracement Level: $2,041
38.2% FIB Retracement Level: $1,666
62% FIB Retracement Level: $1,061
Litecoin
Litecoin rallied by 10.43% on Monday. Reversing a 0.49% loss from Sunday, Litecoin ended the day at $247.65.
A mixed start to the day saw Litecoin fall to an early morning intraday low $221.25 before making a move.
Steering clear of the first major support level at $212, Litecoin rallied to a late afternoon intraday high $248.36.
Litecoin broke through the first major resistance level at $236.
Coming up against the second major resistance level at $249, Litecoin eased back to $237 levels before ending the day at $247 levels.
At the time of writing, Litecoin was down by 0.69% to $245.94. A mixed start to the day saw Litecoin rise to an early morning high $249.56 before falling to a low $245.78.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the $239 pivot level to support a run at the first major resistance level at $257.
Support from the broader market would be needed, however, for Litecoin to break back through to $250 levels.
Barring an extended crypto rally, the first major resistance level and resistance at the 23.6% FIB of $262 would likely cap any upside.
In the event of a bounce back, Litecoin could test resistance at $270. The second major resistance level sits at $266.
Failure to avoid a fall through the $239 pivot level would bring the first majors support level at $230 into play.
Barring another extended sell-off, Litecoin should steer clear of the second major support level at $212. The 38.2% FIB of $217 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $230
Pivot Level: $239
First Major Resistance Level: $257
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138
Ripple’s XRP
Ripple’s XRP surged by 31.66% on Monday. Reversing a 1.88% fall from Sunday, Ripple’s XRP ended the day at $1.3650.
After a mixed start to the day, Ripple’s XRP fall to an early morning intraday low $1.01639 before making a move.
Steering clear of the first major support level at $0.9307, Ripple’s XRP jumped to a final hour intraday high $1.37241.
Ripple’s XRP broke through the first major resistance level at $1.1449 and the second major resistance level at $1.2573.
The day long rally also saw Ripple’s XRP break back through the 38.2% FIB of $1.2807 to end the day at $1.36 levels.
At the time of writing, Ripple’s XRP was up by 1.57% to $1.38645. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.34166 before rising to a high $1.39395.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid the 38.2% FIB of $1.2807 and the $1.2513 pivot level to bring the first major resistance level at $1.4861 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.40 levels.
Barring an extended crypto rally, the first major resistance level and resistance at the 23.6% FIB of $1.5426 would likely cap any upside.
In the event of an extended rally, Ripple’s XRP could test resistance at $1.70 levels. The second major resistance level sits at $1.6073.
Failure to avoid a fall through the 38.2% FIB and the $1.2513 pivot would bring the first major support level at $1.1301 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.00 levels. The second major support level sits at $0.8952.
Looking at the Technical Indicators
First Major Support Level: $1.1301
Pivot Level: $1.2513
First Major resistance Level: $1.4861
23.6% FIB Retracement Level: $1.5426
38.2% FIB Retracement Level: $1.2807
62% FIB Retracement Level: $0.8573
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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