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 3.35% on Sunday. Partially reversing a 5.86% slide from Saturday, Ethereum ended the week up by 23.09% to $2,076.36.

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 bearish start to the day saw Ethereum fall to an early morning intraday low $1,980.00 before making a move.

Steering clear of the first major support level at $1,960, Ethereum rallied to a mid-afternoon intraday high $2,093.07.

Coming within range of the first major resistance level at $2,099, Ethereum slipped back to $2,050 levels before ending the day at $2,076 levels.

At the time of writing, Ethereum was down by 0.14% to $2,073.46. A mixed start to the day saw Ethereum rise to an early morning high $2,085.23 before falling to a low $2,072.02.

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 $2,050 to support a run at the first major resistance level at $2,120.

Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $2,093.07.

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 $2,200 before any pullback. The second major resistance level sits at $2,163.

Failure to avoid a fall through the $2,050 pivot would bring the first major support level at $2,007 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,900 levels. The second major support level at $1,937 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $2,007

Pivot Level: $2,050

First Major Resistance Level: $2,120

23.6% FIB Retracement Level: $1,659

38.2% FIB Retracement Level: $1,356

62% FIB Retracement Level: $869

Advertisement

Litecoin

Litecoin rose by 3.58% on Sunday. Partially reversing a 7.6% slide from Saturday, Litecoin ended the week up by 9.78% to $202.26.

A mixed start to the day saw Litecoin fall to an early morning intraday low $191.90 before making a move.

While steering clear of the first major support level at $188, Litecoin fell through the 23.6% FIB of $195.

Finding early support, however, Litecoin struck an early afternoon intraday high $204.74.

While breaking back through the 23.6% FIB, Litecoin fell short of the first major resistance level at $210.

A late pullback saw Litecoin fall back to sub-$200 levels before ending the day at $202 levels.

At the time of writing, Litecoin was up by 0.42% to $203.11. A bullish start to the day saw Litecoin rise from an early morning low $202.26 to a high $203.40.

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

For the day ahead

Litecoin would need to avoid a fall through the $200 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 Sunday’s high $204.74.

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 $213.

Failure to avoid a fall through the $200 pivot level would bring the first major support level at $195 and the 23.6% FIB of $195 into play.

Barring an extended sell-off, Litecoin should steer clear of the second major support level at $187.

Looking at the Technical Indicators

First Major Support Level: $195

Pivot Level: $200

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 rallied by 9.69% on Sunday. Reversing a 4.53% fall from Saturday, Ripple’s XRP ended the week up by 16.11% to $0.63465.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.56743 before making a move.

Steering clear of the first major support level at $0.5550, Ripple’s XRP rallied to a final hour intraday high $0.63534.

Ripple’s XRP broke through the first major resistance level at $0.6230 to wrap up the day at $0.635 levels.

At the time of writing, Ripple’s XRP was down by 0.63% to $0.63063. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.63750 before falling to a low $0.63011.

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 $0.6125 pivot level to bring the first major resistance level at $0.6575 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break through to $0.65 levels.

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 $0.70 levels before any pullback. The second major resistance level sits at $0.6804.

Failure to avoid a fall through the $0.6125 pivot would bring the first major support level at $0.5896 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$0.55 levels. The second major support level sits at $0.5446.

Looking at the Technical Indicators

First Major Support Level: $0.5896

Pivot Level: $0.6125

First Major resistance Level: $0.6575

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