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Bob Mason
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Ethereum

Ethereum rallied by 7.21% on Sunday. Following on from a 3.67% gain on Saturday, Ethereum ended the week up by 2.85% to $576.76.

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A mixed start to the day saw Ethereum fall to an early morning intraday low $531.00 before making a move.

Steering clear of the first major support level at $512.47, Ethereum rallied to a late intraday high $577.55.

Ethereum broke through the first major resistance level at $556.29 and the second major resistance level at $574.47 before easing back.

Coming up against resistance at $580 eased back to end the day at $576 levels.

At the time of writing, Ethereum was up by 0.90% to $581.97. A bullish start to the day saw Ethereum rise from an early morning low $576.90 to a high $582.99.

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 $561.77 to support a run at the first major resistance level at $592.43.

Support from the broader market would be needed, however, for Ethereum to break through to $590 levels.

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

In the event of a breakout, Ethereum could test resistance at $610 before any pullback. The second major resistance level sits at $608.32.

Failure to avoid a fall through the $561.77 pivot would bring the first major support level at $545.99 into play.

Barring another extended sell-off, however, Ethereum should steer well clear of the second major support level at $512.22.

Looking at the Technical Indicators

First Major Support Level: $545.99

Pivot Level: $561.77

First Major Resistance Level: $592.54

23.6% FIB Retracement Level: $495

38.2% FIB Retracement Level: $416

62% FIB Retracement Level: $288

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Litecoin

Litecoin rallied by 8.59% on Sunday. Following on from a 5.13% gain on Saturday, Litecoin ended the week down by 4.76% to $79.00.

It was a mixed start to the day. Litecoin fell to an early morning intraday low $71.64 before making a move.

Steering clear of the 38.2% FIB of $71 and the first major support level at $69.11, Litecoin rallied to a late intraday high $81.21.

Litecoin broke through the first major resistance level at $75.73 and the second major resistance level at $78.68.

The second major resistance level at $78.68 limited the downside late in the day.

At the time of writing, Litecoin was up by 1.15% to $79.91. A bullish start to the day saw Litecoin rise from an early morning low $78.00 to a high $79.91.

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

For the day ahead

Litecoin would need to avoid a fall through the $77.28 pivot to support a run at the first major resistance level at $82.93.

Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $81.21.

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

In the event of an extended breakout, Litecoin would likely test resistance at $90 before any pullback. The second major resistance level sits at $86.85.

Failure to avoid a fall through the $77.28 pivot level would bring the first major support level at $73.36 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of the second major support level at $67.71. The 38.2% FIB of $71 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $73.36

Pivot Level: $77.28

First Major Resistance Level: $82.93

23.6% FIB Retracement Level: $45.30

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP fell by 3.36% on Sunday. Partially reversing an 11.57% breakout from Saturday, Ripple’s XRP ended the week up by 35.79% to $0.60568.

It was another mixed start to the day. Ripple’s XRP fell to an early morning intraday low $0.58291 before making a move.

Steering clear of the first major support level at $0.5596, Ripple’s XRP rose to a late morning intraday high $0.63799.

Ripple’s XRP broke through the 23.6% FIB of $0.6274 before hitting reverse.

Falling short of the first major resistance level at $0.6750, however, Ripple’s XRP fell back to sub-$0.59 levels.

Finding late support, however, Ripple’s XRP moved back through to $0.61 levels before falling back into the deep red.

At the time of writing, Ripple’s XRP was up by 1.92% to $0.61731. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.60595 to a high $0.61851.

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 $0.6089 pivot level to support a run at the first major resistance level at $0.6348.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through the 23.6% FIB of $0.6274.

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

In the event of an extended rally, Ripple’s XRP could test resistance at $0.70 before any pullback. The second major resistance sits at $0.6639.

Failure to avoid a fall through the $0.6089 pivot would bring the first major support level at $0.5797 into play.

Barring another extended crypto sell-off, Ripple’s XRP should steer well clear of the 38.2% FIB of $0.5285. The second major support level at $0.5538 should limit any downside.

Looking at the Technical Indicators

First Major Support Level: $0.5797

Pivot Level: $0.6089

First Major Resistance Level: $0.6348

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

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