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 fell by 0.83% on Friday. Partially reversing a 1.21% gain from Thursday, Ethereum ended the day at $1,217.35.

Advertisement
Know where Ethereum is headed? Take advantage now with 

75% of retail CFD investors lose money

It was a bearish start to the day. Ethereum fell through the first major support level at $1,147.58 to an early morning intraday low $1,063.18.

Finding support at the second major support level at $1,067.82, Ethereum rallied to a mid-day intraday high $1,275.00.

Falling short of the first major resistance level at $1,299.52, Ethereum fell back through the first major support level to $1,135 levels.

Finding late support, however, Ethereum moved back through to $1,217 levels to limit the loss on the day.

At the time of writing, Ethereum was up by 1.15% to $1,231.39. A bullish start to the day saw Ethereum rise from an early morning low $1,217.31 to a high $1,234.56.

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 $1,185.18 to support a run at the first major resistance level at $1,307.17.

Support from the broader market would be needed, however, for Ethereum to break out from Thursday’s swing hi $1,291.94.

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

In the event of another extended crypto rally, Ethereum could test resistance at $1,450 before any pullback. The second major resistance level sits at $1,397.00.

Failure to avoid a fall through the $1,185.18 pivot would bring the first major support level at $1,095.35 into play.

Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $973.36. The 23.6% FIB of $1,006 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $1,095.35

Pivot Level: $1,185.18

First Major Resistance Level: $1,307.17

23.6% FIB Retracement Level: $1,006

38.2% FIB Retracement Level: $829

62% FIB Retracement Level: $543

Advertisement

Litecoin

Litecoin rose by 1.60% on Friday. Following on from a 0.18% gain on Thursday, Litecoin ended the day at $172.46.

A bearish start to the day saw Litecoin fall to an early morning intraday low $150.20 before making a move.

Litecoin fell through the first major support level at $160.75 and the second major support level at $151.75.

Steering clear of sub-$150 levels, Litecoin rallied to a late afternoon intraday high and a new swing hi $181.55.

Litecoin broke through the first major resistance level at $180.00 before sliding to $163 levels and into the red.

Finding late support, however, Litecoin revisited $174 levels before ending the day at $172 levels.

At the time of writing, Litecoin was up by 1.23% to $174.58. A bullish start to the day saw Litecoin rise from an early morning low $172.39 to a high $175.00.

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

For the day ahead

Litecoin would need to avoid a fall through the $168.07 pivot level to support a run at the first major resistance level at $185.94.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s swing hi $181.55.

Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap any upside.

In the event of another extended breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $199.42.

Failure to avoid a fall through the $168.07 pivot level would bring the first major support level at $154.59 into play.

Barring an extended sell-off, Litecoin should steer clear of sub-$150 levels. The second major support level sits at $136.72.

Looking at the Technical Indicators

First Major Support Level: $154.59

Pivot Level: $168.07

First Major Resistance Level: $185.94

23.6% FIB Retracement Level: $145

38.2% FIB Retracement Level: $122

62% FIB Retracement Level: $85

Ripple’s XRP

Ripple’s XRP fell by 0.84% on Friday. Partially reversing Thursday’s 29.93% rally, Ripple’s XRP ended the day at $0.3211.

It was a choppy start to the day. Ripple’s XRP rose to an early morning intraday high $0.34626 before hitting reverse.

Falling short of the first major resistance level at $0.3818, Ripple’s XRP slid to an early morning intraday low $0.28076.

The reversal saw Ripple’s XRP fall through the 23.6% FIB before finding support.

Steering clear of the first major support level at $0.2562, Ripple’s XRP revisited $0.34 levels before a 2nd slide to sub-$0.30 levels.

Finding late support, however, Ripple’s XRP broke back through the 23.6% FIB to wrap up the day at $0.32 levels.

At the time of writing, Ripple’s XRP was up by 0.90% to $0.3240. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.32088 before rising to a high $0.32741.

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 23.6% FIB of $0.3172 and the $0.3160 pivot level to bring the first major resistance level at $0.3513 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.34626.

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

In the event of another extended rally, Ripple’s XRP could test resistance at $0.40 before any pullback. The second major resistance sits at $0.3815.

Failure to avoid a fall through the 23.6% FIB of $0.3172 and the $0.3160 pivot would bring the first major support level at $0.2858 into play.

Barring an extended crypto sell-off, Ripple’s XRP should continue to avoid sub-$0.25 levels. The second major support level at $0.2505 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $0.2858

Pivot Level: $0.3160

First Major Resistance Level: $0.3513

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