ETH Eyes a Return to $4,000 as LTC and XRP Find Strong Support

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 2.03% on Tuesday. Partially reversing an 8.45% slide from Monday, Ethereum ended the day at $3,861.

A mixed start to the day saw Ethereum fall to a mid-morning intraday low $3,687 before making a move. While steering clear of the first major support level at $3,581, Ethereum fell through the 23.6% FIB of $3,738.

Finding late morning support, Ethereum broke back through the 23.6% FIB to strike a late intraday high $3,884.

Falling short of the first major resistance level at $4,067, however, Ethereum eased back to $3,820 levels before ending the day at $3,860 levels.

At the time of writing, Ethereum was up by 0.04% to $3,862. A mixed start to the day saw Ethereum fall to an early morning low $3,852 before rising to a high $3,874.

Ethereum left the major support and resistance levels untested early on.

For the day ahead

Ethereum would need to avoid the $3,810 pivot to bring the first major resistance level at $3,934 into play. Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $3,884. 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 resistance at $4,100 levels before any pullback. The second major resistance level sits at $4,008.

A fall through the $3,810 pivot would bring the 23.6% FIB of $3,738 and the first major support level at $3,737 into play. Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,500 levels. The second major support level at $3,613 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $3,737

Pivot Level: $3,810

First Major Resistance Level: $3,934

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 4.04% on Tuesday. Partially reversing a 9.07% slide from Monday, Litecoin ended the day at $150.50.

Tracking the broader market, Litecoin fell to an early morning intraday low $143.00 before making a move. Steering clear of the first major support level at $138, Litecoin rose to a mid-day intraday high $152.00.

Falling short of the first major resistance level at $156, Litecoin slid back to $145 levels before revisiting $151 levels late in the day.

At the time of writing, Litecoin was down by 0.04% to $150.44. A mixed start to the day saw Litecoin fall to an early morning low $150.08 before rising to a high $150.80.

Litecoin left the major support and resistance levels untested early on.

For the day ahead

Litecoin would need to avoid the $149 pivot to bring the first major resistance level at $154 into play. Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $152.00.

Barring an extended crypto rally, the first major resistance level would likely cap the upside. In the event of an extended rally, Litecoin could test resistance at $160 before any pullback. The second major resistance level sits at $158.

A fall through the $149 pivot would bring the first major support level at $145 into play. Barring another extended sell-off, Litecoin should steer clear of sub-$140 levels. The second major support level at $140 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $145

Pivot Level: $149

First Major Resistance Level: $154

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 3.76% on Tuesday. Partially reversing a 6.92% decline from Monday, Ripple’s XRP ended the day at $0.81159.

A mixed start to the day saw Ripple’s XRP fall to a mid-morning intraday low $0.77336 before making a move. Steering clear of the first major support level at $0.7477, Ripple’s XRP rose to a late intraday high $0.82070.

Falling well short of the first major resistance level at $0.8304, however, Ripple’s XRP eased back to end the day at sub-$0.8150 levels.

At the time of writing, Ripple’s XRP was down by 0.35% to $0.80876. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.80743 before rising to a high $0.81004.

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 $0.8019 pivot to bring the first major resistance level at $0.8304 into play.

Support would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $0.8207. 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 the 23.6% FIB of $0.8533 before any pullback. The second major resistance level sits at $0.8492.

A fall through the $0.8019 pivot would bring the first major support level at $0.7831 into play. Barring another extended sell-off, however, Ripple’s XRP should avoid the second major support level at $0.7545.

Looking at the Technical Indicators

First Major Support Level: $0.7831

Pivot Level: $0.8019

First Major resistance Level: $0.8304

23.6% FIB Retracement Level: $0.8533

38.2% FIB Retracement Level: $1.0659

62% FIB Retracement Level: $1.4096

Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP