FXEMPIRE
All
Ad
Advertisement
Advertisement
Bob Mason
Add to Bookmarks
cryptocurrency Silver and gold Bitcoin,litecoin,ethereum on dollar banknote on golden table,Virtual Digital money on blockchain concept.financial business.crypto currency mining.

Ethereum

Ethereum rose by 2.52% on Thursday. Following on from a 4.29% gain on Wednesday, Ethereum ended the day at $1,968.38.

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 a late morning high $1,966.0 before hitting reverse.

Falling short of the major resistance levels, Ethereum slid to a late afternoon intraday low $1,886.11 before making a move.

Steering clear of the first major support level at $1,812 Ethereum rallied to a late intraday high $1,982.21.

Ethereum came within range of the first major resistance level at $1,988 before easing back.

At the time of writing, Ethereum was down by 0.32% to $1,962.01. A mixed start to the day saw Ethereum rise to an early morning high $1,972.00 before falling to a low $1,955.00.

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

For the day ahead

Ethereum would need to avoid a fall through the pivot level at $1,946 to support a run at the first major resistance level at $2,005.

Support from the broader market would be needed, however, for Ethereum to break through to $2,000 levels.

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

In the event of a breakout, Ethereum could test resistance at $2,100 before any pullback. The second major resistance level sits at $2,042.

Failure to avoid a fall through the $1,946 pivot would bring the first major support level at $1,909 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,800 levels. The second major support level at $1,850 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1,909

Pivot Level: $1,946

First Major Resistance Level: $2,005

23.6% FIB Retracement Level: $1,579

38.2% FIB Retracement Level: $1,292

62% FIB Retracement Level: $830

Advertisement

Litecoin

Litecoin rose by 2.93% on Thursday. Following on from a 0.58% gain on Wednesday, Litecoin ended the day at $202.67.

A mixed start to the day saw Litecoin fall to a mid-morning intraday low $194.14 before making a move.

The morning pullback saw Litecoin fall through the 23.6% FIB of $195 before striking a mid-afternoon intraday high $204.95.

Litecoin broke through the first major resistance level at $202 before a slide back to $196 levels.

Steering clear of the 23.6% FIB, Litecoin bounced back to end the day at $202 levels.

At the time of writing, Litecoin was up by 0.29% to $203.26. A mixed start to the day saw Litecoin fall to an early morning low $201.62 before rising to a high $203.74.

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

For the day ahead

Litecoin would need to avoid a fall through the $201 pivot level to support a run at the first major resistance level at $207.

Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s high $204.95.

Barring an extended crypto rally, the first major resistance level and resistance at $210 would likely cap any upside.

In the event of an extended rally, Litecoin could test resistance at $220 before any pullback. The second major resistance level sits at $211.

Failure to avoid a fall through the $201 pivot level would bring the first major support level at $196 and the 23.6% FIB of $195 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$190 levels. The second major support level at $190 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $196

Pivot Level: $201

First Major Resistance Level: $207

23.6% FIB Retracement Level: $195

38.2% FIB Retracement Level: $163

62% FIB Retracement Level: $110

Ripple’s XRP

Ripple’s XRP slipped by 0.04% on Thursday. Partially reversing a 1.14% gain from Wednesday, Ripple’s XRP ended the day at $0.57008.

A bullish start to the day saw Ripple’s XRP rally to an early morning intraday high $0.59411 before hitting reverse.

Ripple’s XRP broke through the first major resistance level at $0.5900 before sliding to an early afternoon intraday low $0.54864.

Steering clear of the first major support level at $0.5390, Ripple’s XRP recovered to $0.57 levels to limit the downside.

At the time of writing, Ripple’s XRP was down by 0.27% to $0.56856. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.57270 before falling to a low $0.56828.

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

For the day ahead

Ripple’s XRP will need to move back through the $0.5709 pivot level to bring the first major resistance level at $0.5932 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.59 levels.

Barring an extended crypto rally, the first major resistance level and Thursday’s high $0.59411 would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at $0.62 levels before any pullback. The second major resistance level sits at $0.0.6164.

Failure to move back through the $0.5709 pivot would bring the first major support level at $0.5478 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of the 23.6% FIB of $0.5320. The second major support level sits at $0.5255.

Looking at the Technical Indicators

First Major Support Level: $0.5478

Pivot Level: $0.5709

First Major resistance Level: $0.5932

23.6% FIB Retracement Level: $0.5320

38.2% FIB Retracement Level: $0.4632

62% FIB Retracement Level: $0.3521

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