FXEMPIRE
All
Ad
Advertisement
Advertisement
Bob Mason
Add to Bookmarks
Kiev, Ukraine, March, 13, 2018: Coins of different crypto-currencies with dollars

Ethereum

Ethereum fell by 4.79% on Sunday. Following a flat day on Saturday, Ethereum ended the week down by 5.75% to $1,313.94.

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 $1,382.00 before hitting reverse.

Falling short of the first major resistance level at $1,417, Ethereum slid to a late afternoon intraday low $1,283.00.

Ethereum fell through the first major support level at $1,335 and the second major support level at $1,290.

Finding late support, however, Ethereum broke back through the second major support level to end the day at $1,300 levels.

At the time of writing, Ethereum was down by 1.75% to $1,291.00. A bearish start to the day saw Ethereum fall from an early morning high $1,314.10 to a low $1,275.30.

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

For the day ahead

Ethereum would need to move through the pivot level at $1,326 to support a run at the first major resistance level at $1,370.

Support from the broader market would be needed, however, for Ethereum to break out from $1,350 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $1,382.00 would likely cap any upside.

In the event of another extended crypto rally, Ethereum could test resistance at $1,400 before any pullback. The second major resistance level sits at $1,425.

Failure to move through the $1,326 pivot would bring the first major support level at $1,271 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$1,200 levels. The second major support level at $1,227 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1,271

Pivot Level: $1,326

First Major Resistance Level: $1,370

23.6% FIB Retracement Level: $1,148

38.2% FIB Retracement Level: $944

62% FIB Retracement Level: $614

Advertisement

Litecoin

Litecoin fell by 2.96% on Sunday. Following on from a 0.94% decline on Saturday, Litecoin ended the week down by 8.21% to $129.58.

A mixed start to the day saw Litecoin rise to an early morning intraday high $135.21 before hitting reverse.

Falling short of the first major resistance level at $137.26, Litecoin slid to a late afternoon intraday low $125.70.

Litecoin fell through the first major support level at $129.03 before finding support.

Steering clear of the 38.2% FIB of $25, Litecoin broke back through the first major support level to end the day at $129.5 levels.

At the time of writing, Litecoin was down by 1.25% to $127.96. A bearish start to the day saw Litecoin fall from an early morning high $129.69 to a low $127.86.

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

For the day ahead

Litecoin would need to move through the $130.16 pivot level to support a run at the first major resistance level at $134.63.

Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.

Barring an extended crypto rally, the first major resistance level and Sunday’s high $135.21 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $140 before any pullback. The second major resistance level sits at $139.67.

Failure to move through the $130.16 pivot level would bring the first major support level at $125.12 and 38.2% FIB of $125 into play.

Barring another extended sell-off, Litecoin should steer clear of sub-$120 levels. The second major support level at $120.65 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $125.12

Pivot Level: $130.16

First Major Resistance Level: $134.63

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP rallied by 11.56% on Sunday. Following on from Saturday’s 56.84% surge, Ripple’s XRP ended the week up by 81.2% to $0.49561.

A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.38701 before making a move.

While steering clear of the first major support level at $0.3094, Ripple’s XRP fell through the 38.2% FIB of $0.4070.

Finding mid-morning support, Ripple’s XRP rallied to a late morning intraday high $0.5369 before a 2nd pullback.

While breaking back through the 38.2% FIB, Ripple’s XRP fell short of the first major resistance level at $0.5485.

The 2nd sell-off saw Ripple’s XRP fall back to $0.42 levels before wrapping up the day at $0.49 levels.

Resistance at $0.50 pinned Ripple’s XRP back late in the day.

At the time of writing, Ripple’s XRP was down by 3.46% to $0.47847. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.49576 to a low $0.47020.

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

For the day ahead

Ripple’s XRP will avoid a fall back through the $0.4732 pivot level to bring 62% FIB of $0.5522 and the first major resistance level at $0.5593 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Sunday’s high $0.5369.

Barring an extended crypto rally, the 62% FIB and the first major resistance level would likely cap any upside.

In the event of an extended rally, Ripple’s XRP could test resistance at $0.60 before any pullback. The second major resistance level sits at $0.6231.

Failure to avoid a fall back through the $0.4732 pivot would bring the first major support level at $0.4094 and the 38.2% FIB of $0.4070 into play.

Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.40 levels. The second major support level sits at $0.3233.

Looking at the Technical Indicators

First Major Support Level: $0.4094

Pivot Level: $0.4732

First Major Resistance Level: $0.5593

23.6% FIB Retracement Level: $0.6274

38.2% FIB Retracement Level: $0.5285

62% FIB Retracement Level: $0.3687

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