FXEMPIRE
All
Ad
Advertisement
Advertisement
Bob Mason
Add to Bookmarks
Crypto00 567

Ethereum

Ethereum fell by 0.22% on Friday. Following a 1.05% decline on Thursday, Ethereum ended the day at $3,484.7.

Advertisement
Know where Ethereum 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.

It was a mixed start to the day. Ethereum fell to an early morning intraday low $3,361.42.

Ethereum fell through the first major support level at $3,379 before rallying to a late afternoon intraday high $3,595.07.

Falling short of the first major resistance level at $3,609, Ethereum fell back to sub-$3,430 levels before finding support.

A late move back through to $3,480 levels limited the downside on the day.

At the time of writing, Ethereum was up by 0.34% to $3,496.55. A mixed start to the day saw Ethereum rise to an early morning high $3,498.99 before falling to a low $3,455.00.

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

For the day ahead

Ethereum would need to avoid a fall back through the $3,480 pivot to bring the first major resistance level at $3,599 into play.

Support from the broader market would be needed, however, for Ethereum to break back through to $3,590.00 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s high $3,595.07 would likely cap any upside.

In the event of another breakout, Ethereum could test resistance at $3,800 levels. The second major resistance level sits at $3,714.

Failure to avoid a fall back through the $3,480 pivot would bring the first major support level at $3,366 into play.

Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,300 levels. The second major support level sits at $3,247.

Looking at the Technical Indicators

First Major Support Level: $3,366

Pivot Level: $3,480

First Major Resistance Level: $3,599

23.6% FIB Retracement Level: $2,778

38.2% FIB Retracement Level: $2,262

62% FIB Retracement Level: $1,429

Advertisement

Litecoin

Litecoin fell by 2.61% on Friday. Following on from a 0.58% loss on Thursday, Litecoin ended the day at $345.25.

A bullish start to the day saw Litecoin rally to a mid-morning intraday high and a new swing hi $372.88 before hitting reverse.

Coming up against the first major resistance level at $373, Litecoin slid to a late intraday low $333.55.

Steering clear of the first major support level at $329, Litecoin revisited $348 levels before easing back.

At the time of writing, Litecoin was up by 1.91% to $351.83. A mixed start to the day saw Litecoin fall to an early morning low $342.72 before rising to a high $352.50.

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

For the day ahead

Litecoin would need to avoid a fall back through the $351 pivot to support a run at the first major resistance level at $368.

Support from the broader market would be needed, however, for Litecoin to break out from $365 levels.

Barring an extended crypto rally, the first major resistance level and Friday’s new swing hi $372.88 would likely cap any upside.

In the event of an extended breakout, Litecoin could test resistance at $400. The second major resistance level sits at $390.

Failure to avoid a fall back through the $351 pivot would bring the first major support level at $328 into play.

Barring an extended sell-off, however, Litecoin should steer clear of sub-$310. The Second major support level at $311 should limit the downside.

Looking at the Technical Indicators

First Major Support Level: $328

Pivot Level: $351

First Major Resistance Level: $368

23.6% FIB Retracement Level: $291

38.2% FIB Retracement Level: $240

62% FIB Retracement Level: $158

Ripple’s XRP

Ripple’s XRP fell by 1.44% on Friday. Following on from a 0.68% loss on Thursday, Ripple’s XRP ended the day at $1.58105.

A bearish start to the day saw Ripple’s XRP fall to an early morning intraday low $1.50786.

The reversal saw Ripple’s XRP fall through the 23.6% FIB of $1.5426 before making a move.

Finding support at the first major support level at $1.5079, Ripple’s XRP rallied to a mid-day intraday high $1.69467.

Falling short of the first major resistance level at $1.7326, Ripple’s XRP fell back through the 23.6% FIB of $1.5426.

Finding late support, however, Ripple’s XRP closed out the day at $1.58 levels.

At the time of writing, Ripple’s XRP was up by 0.02% to $1.58136. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.59005 before falling to a low $1.56369.

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 $1.5945 pivot to bring the first major resistance level at $1.6812 into play.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from $1.65 levels.

Barring an extended crypto rally, the first major resistance level and resistance at $1.70 would likely cap any upside.

In the event of another extended rally, Ripple’s XRP could test resistance at $1.80 levels. The second major resistance level sits at $1.7813.

Failure to move through the $1.5945 pivot would bring the 23.6% FIB of $1.5426 and the first major support level at $1.4944 into play.

Barring an extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $1.4077.

Looking at the Technical Indicators

First Major Support Level: $1.4944

Pivot Level: $1.5945

First Major resistance Level: $1.6812

23.6% FIB Retracement Level: $1.5426

38.2% FIB Retracement Level: $1.2807

62% FIB Retracement Level: $0.8573

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