Litecoin set the pace on Tuesday morning, with another breakout day. The majors would need to revisit Tuesday's highs to avoid giving up ground.
Ethereum fell by 1.67% on Tuesday. Partially reversing a 4.22% gain from Monday, Ethereum ended the day at $4,731.59.
A mixed start to the day saw Ethereum rise to a mid-morning new ATH $4,842.54 before hitting reverse.
Falling short of the first major resistance level at $4,886, Etheruem fell to a late intraday low $4,714.10.
Steering clear of the first major support level at $4,677, Ethereum found support to end the day at $4,700 levels.
At the time of writing, Ethereum was up by 0.16% to $4,739.24. A bullish start to the day saw Ethereum rise from an early morning low $4,731.58 to a high $4,745.77.
Ethereum left the major support and resistance levels untested early on.
Ethereum would need to move through the $4,763 pivot to bring the first major resistance level at $4,811 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $4,800 levels.
Barring an extended crypto rally, the first major resistance level and Tuesday’s ATH would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $5,000 levels before any pullback. The second major resistance level sits at $4,891.
Failure to move through the $4,763 pivot would bring the first major support level at $4,683 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,600 levels. The second major support level at $4,634 should limit the downside.
First Major Support Level: $4,683
Pivot Level: $4,763
First Major Resistance Level: $4,811
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin surged by 14.42% on Tuesday. Following a 13.29% jump on Monday, Litecoin ended the day at $262.16.
A mixed start to the day saw Litecoin fall to an early morning intraday low $226.75 before making a move.
Steering clear of the first major support level at $211, Litecoin rallied to a late intraday high $274.72.
Litecoin broke through the first major resistance level at $239 and the second major resistance level at $248.
Coming up against the third major resistance level at $275, Litecoin eased back to end the day at sub-$270 levels.
At the time of writing, Litecoin was up by 1.26% to $265.46. A mixed start to the day saw Litecoin fall to an early morning low $261.94 before rising to a high $266.08.
Litecoin left the major support and resistance levels untested early on.
Litecoin would need to avoid the $256 pivot to bring the first major resistance level at $282 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $274.72.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of another breakout, Litecoin could test resistance at $300 before easing back. The second major resistance level sits at $303.
A fall through the $255 pivot would bring the first major support level at $234 into play.
Barring another extended sell-off, Litecoin should steer clear of the 38.2% FIB of $223. The second major support level sits at $207.
First Major Support Level: $234
Pivot Level: $255
First Major Resistance Level: $282
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP fell by 2.25% on Tuesday. Partially reversing a 5.06% rally from Monday, Ripple’s XRP ended the day at $1.25646.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.28800 before hitting reverse.
Falling short of the first major resistance level at 1.3120, Ripple’s XRP fell to a late morning intraday low $1.22573.
Ripple’s XRP fell through the first major support level at $1.2367 before briefly revisiting $1.27 levels.
At the time of writing, Ripple’s XRP was up by 0.21% to $1.25904. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.25632 before rising to a high $1.25980.
Ripple’s XRP left the major support and resistance levels untested early on.
Ripple’s XRP would need to avoid a fall through the $1.2567 pivot to bring the first major resistance level at $1.2877 into play.
Support would be needed, however, for Ripple’s XRP to break back through to $1.28 levels.
Barring an extended crypto rally, the first major resistance level and resistance at $1.3000 would likely cap the upside.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.35 levels before any pullback. The second major resistance level sits at $1.3190.
A fall through the $1.2567 pivot would bring the first major support level at $1.2255 into play.
Barring an extended sell-off, however, Ripple’s XRP should avoid sub-$1.20 levels. The second major support level sits at $1.1945.
First Major Support Level: $1.2255
Pivot Level: $1.2567
First Major resistance Level: $1.2877
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
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.