FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
136,467,948Confirmed
2,945,771Deaths
109,696,311Recovered
Fetching Location Data…
Advertisement
Advertisement
Bob Mason
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 slid by 5.16% on Friday. Partially reversing an 8.89% rally from Thursday, Ethereum ended the day at $1,168.1.

Advertisement
Know where Ethereum is headed? Take advantage now with 

75% of retail CFD investors lose money

A bullish start to the day saw Ethereum rise to an early morning intraday high $1,255.59 before hitting reverse.

Falling short of the first major resistance level at $1,290, Ethereum slid to a late afternoon intraday low $1,065.0.

The reversal saw Ethereum fall through the first major support level at $1,130, briefly revisiting $1,175 levels.

At the time of writing, Ethereum was up by 2.01% to $1,191.62. A mixed start to the day saw Ethereum fall to an early morning low $1,168.29 before rising to a high $1,195.51.

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 $1,163 to support a run at the first major resistance level at $1,261.

Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $1,255.59.

Barring an extended crypto rally, the first major resistance level and resistance $1,300 would likely cap any upside.

In the event of an extended crypto rally, Ethereum could test resistance at $1,400 before any pullback. The second major resistance level sits at $1,354.

Failure to avoid a fall through the $1,163 pivot would bring the first major support level at $1,070 into play.

Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $972.31. The 23.6% FIB of $1,051 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1,070

Pivot Level: $1,163

First Major Resistance Level: $1,261

23.6% FIB Retracement Level: $1,051

38.2% FIB Retracement Level: $866

62% FIB Retracement Level: $566

Advertisement

Litecoin

Litecoin slid by 5.74% on Friday. Reversing a 3.27% gain from Thursday, Litecoin ended the day at $143.63.

A mixed start to the day saw Litecoin rise to an early morning intraday high $155.30 before hitting reverse.

Falling short of the first major resistance level at $158.4, Litecoin slid to a late afternoon intraday low $130.29.

Litecoin fell through the first major support level at $144.9 and the second major support level at $137.4.

Steering clear of the 38.2% FIB of $125, Litecoin broke back through the second major support level to end the day at $143 levels.

The first major support level at $144.9 pinned Litecoin back late in the day.

At the time of writing, Litecoin was up by 1.23% to $145.39. A mixed start to the day saw Litecoin fall to an early morning low $143.54 before rising to a high $145.75.

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

For the day ahead

Litecoin would need to avoid a fall through the $143.1 pivot level to support a run at the 23.6% FIB of $148 and the first major resistance level at $155.9.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $155.30.

Barring an extended crypto rally, the first major resistance level and resistance at $160 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $170. The second major resistance level at $168.1.

Failure to avoid a fall through the $143.1 pivot level would bring the first major support level at $138.9 into play.

Barring another extended sell-off, Litecoin should avoid the second major support level at $118.1. The 23.6% FIB of $125 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $130.9

Pivot Level: $143.1

First Major Resistance Level: $155.9

23.6% FIB Retracement Level: $148

38.2% FIB Retracement Level: $125

62% FIB Retracement Level: $87

Ripple’s XRP

Ripple’s XRP slid by 5.30% on Friday. Following on from a 3.29% decline on Thursday, Ripple’s XRP ended the day at $0.28058.

Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.30323 before hitting reverse.

Falling short of the first major resistance level at $0.3088, Ripple’s XRP slid to a late afternoon intraday low $0.26186.

Ripple’s XRP fell through the first major support level at $0.2830 and the second major support level at $0.2702.

Finding late support, Ripple’s XRP broke back through the second major support level to end the day at $0.28 levels.

At the time of writing, Ripple’s XRP was up by 0.23% to $0.28123. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.27926 before rising to a high $0.28188.

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

For the day ahead

Ripple’s XRP will need to move through the $0.2819 pivot level to bring the first major resistance level at $0.3019 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.30 levels.

Barring another extended crypto rally, the first major resistance and Friday’s high $0.30323 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at the 23.6% FIB of $0.3172 and resistance at $0.32 levels. The second major resistance sits at $0.3233.

Failure to move through the $0.2819 pivot would bring the first major support level at $0.2606 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer clear of the second major support level at $0.2405.

Looking at the Technical Indicators

First Major Support Level: $0.2606

Pivot Level: $0.2819

First Major Resistance Level: $0.3019

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

  • Your capital is at risk