FXEMPIRE
All
Ad
Advertisement
Advertisement
Bob Mason
Add to Bookmarks
crypto currency mining concept

Ethereum

Ethereum fell by 1.22% on Friday. Partially reversing a 1.79% gain from Thursday, Ethereum ended the day at $2,370.05.

Advertisement
Know where Ripple is headed? Take advantage now with 

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

A mixed start to the day saw Ethereum rise to an early morning intraday high $2,442.29 before hitting reverse.

Falling short of the first major resistance level at $2,596, Ethereum tumbled to an early morning intraday low $2,060.00.

The sell-off saw Ethereum fall through the first major support level at $2,254 and the second major support level at $2,108.

Steering clear of the 23.6% FIB of $2,041, Ethereum broke back through the major support levels to end the day at $2,300 levels.

At the time of writing, Ethereum was down by 1.22% to $2,341.07. A mixed start to the day saw Ethereum rise to an early morning high $2,371.18 before falling to a low $2,337.23.

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

For the day ahead

Ethereum would need to avoid the pivot level at $2,291 to support a run at the first major resistance level at $2,522.

Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $2,442.29.

Barring an extended crypto rally, the first major resistance level and resistance at $2,600 would likely cap any upside.

In the event of a breakout, Ethereum could test resistance at Thursday’s new swing hi $2,646.2. The second major resistance level sits at $2,673.

Failure to avoid a fall through the $2,291 pivot would bring the first major support level at $2,139 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $1,909. The 23.6% FIB of $2,041 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,139

Pivot Level: $2,291

First Major Resistance Level: $2,522

23.6% FIB Retracement Level: $2,041

38.2% FIB Retracement Level: $1,666

62% FIB Retracement Level: $1,061

Advertisement

Litecoin

Litecoin fell by 4.38% on Friday. Following on from a 2.01% decline on Thursday, Litecoin ended the day at $241.67.

A mixed start to the day saw Litecoin rise to an early morning intraday high $257.07 before hitting reverse.

Falling short of the 23.6% FIB of $262 and the first major resistance level at $282, Litecoin slid to an early morning intraday low $207.10.

Litecoin fell through the first major support level at $232 and the second major support level at $211.

The sell-off also saw Litecoin fall through the 38.2% FIB of $217.

Steering clear of sub-$200, Litecoin broke back through the support levels and 38.2% FIB to revisit $243 levels before easing back.

At the time of writing, Litecoin was down by 1.44% to $238.20. A bearish start to the day saw Litecoin fall from an early morning high $241.79 to a low $238.06.

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

For the day ahead

Litecoin would need to avoid the $235 pivot level to support a run at the 23.6% FIB of $262 and the first major resistance level at $264.

Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $257.07.

Barring an extended crypto rally, the first major resistance level and 23.6% FIB would likely cap any upside.

In the event of a bounce back, Litecoin could test resistance at $280. The second major resistance level sits at $285.

Failure to avoid a fall through the $235 pivot level would bring the 38.2% FIB of $217 and the first major support level at $214 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$200. The second major support level sits at $185.

Looking at the Technical Indicators

First Major Support Level: $214

Pivot Level: $235

First Major Resistance Level: $264

23.6% FIB Retracement Level: $250

38.2% FIB Retracement Level: $207

62% FIB Retracement Level: $138

Ripple’s XRP

Ripple’s XRP rose by 1.29% on Friday. Partially reversing a 10.53% tumble on Thursday, Ripple’s XRP ended the day at $1.17113.

A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.19617 before hitting reverse.

Falling short of the first major resistance level at $1.3535, Ripple’s XRP slid to an early morning intraday low $0.86800.

The sell-off saw Ripple’s XRP fall through the first major support level at $1.0248 and the second major support level at $0.8936.

Steering clear of the 62% FIB of $0.8573, Ripple’s XRP broke back through the major support levels to end the day at $1.17 levels.

At the time of writing, Ripple’s XRP was down by 2.00% to $1.14776. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.17279 before falling to a low $1.14691.

Ripple’s XRP left the major support and resistance levels untested early on.

For the day ahead

Ripple’s XRP will need to avoid a fall through the $1.0784 pivot level to bring the first major resistance level at $1.2889 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from the 38.2% FIB of $1.2807.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at $1.40 levels. The second major resistance level sits at $1.4066.

Failure to avoid a fall through the $1.0784 pivot would bring the first major support level at $0.9607 into play.

Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.7503. The 62% FIB of $0.8573 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.9607

Pivot Level: $1.0784

First Major resistance Level: $1.2889

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

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Trade With A Regulated Broker