It's been a bearish start to the day. A fall through the day's pivot levels would bring support levels into play.
Ethereum rose by 4.30% on Sunday. Following a 3.29% gain on Saturday, Ethereum ended the week up by 17.05% to $2,323.15.
A bearish start to the day saw Ethereum fall to an early morning intraday low $2,190.56 before making a move.
Steering clear of the first major support level at $2,147, Ethereum rallied to a late intraday high $2,389.22.
Ethereum broke through the first major resistance level at $2,273 and the second major resistance level at $2,320.
A late pullback saw Ethereum briefly fall back through the second major resistance level before ending the day at $2,320 levels.
At the time of writing, Ethereum was down by 0.45% to $2,312.63. A bearish start to the day saw Ethereum fall from an early morning high $2,323.28 to a low $2,303.44.
Ethereum left the major support and resistance levels untested early on.
Ethereum would need to avoid the $2,301 pivot to bring the first major resistance level at $2,411 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Sunday’s high $2,389.22.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a broad-based crypto rebound, Ethereum could test the second major resistance level at $2,500.
A fall through the $2,301 pivot would bring the first major support level at $2,213 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,100 levels. The second major support level at $2,102 should limit the downside.
First Major Support Level: $2,213
Pivot Level: $2,301
First Major Resistance Level: $2,411
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin rose by 3.37% on Sunday. Following a 2.40% gain from Saturday, Litecoin ended the week up by 9.25% to $144.94.
A mixed start to the day saw Litecoin fall to an early morning intraday low $136.89 before making a move.
Steering clear of the first major support level at $136, Litecoin rose to a late intraday high $148.00.
Litecoin broke through the first major resistance level at $143 and the second major resistance level at $146.
Falling short of $150 levels, however, Litecoin eased back to end the day at sub-$145 levels. The late pullback saw Litecoin fall back through the second major resistance level at $146.
At the time of writing, Litecoin was down by 0.37% to $144.40. A bearish start to the day saw Litecoin fall from an early morning high $145.00 to a low $143.78.
Litecoin left the major support and resistance levels untested early on.
Litecoin would need to avoid the $143 pivot to bring the first major resistance level at $150 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $150 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $160. The second major resistance level sits at $154.
A fall through the $143 pivot would bring the first major support level at $139 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$135 levels. The second major support level sits at $132.
First Major Support Level: $139
Pivot Level: $143
First Major Resistance Level: $150
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP rose by 3.58% on Sunday. Following a 2.53% gain on Saturday, Ripple’s XRP ended the week up by 7.40% to $0.69587.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $0.66591 before making a move.
Steering clear of the first major support level at $0.6490, Ripple’s XRP rallied to a late intraday high $0.70946.
Ripple’s XRP broke through the first major resistance level at $0.6910 and the second major resistance level at $0.7091.
A bearish to end the day saw Ripple’s XRP fall back through the second major resistance level to end the day at sub-$0.70 levels.
At the time of writing, Ripple’s XRP was down by 0.76% to 0.69057. A bearish start to the day saw Ripple’s XRP fall from an early morning high $0.69548 to a low $0.68964.
Ripple’s XRP left the major support and resistance levels untested early on.
Ripple’s XRP will need to avoid a fall back through the $0.6904 pivot to bring the first major resistance level at $0.7149 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Sunday’s high $0.70946.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, Ripple’s XRP could test resistance at $0.75 before any pullback. The second major resistance level sits at $0.7340.
A fall back through the $0.6904 pivot would bring the first major support level at $0.6714 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.6469.
First Major Support Level: $0.6714
Pivot Level: $0.6904
First Major resistance Level: $0.7149
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
Please let us know what you think in the comments below.
Thanks, Bob
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.