Ethereum
Ethereum rose by 0.26% on Wednesday. Consolidating a 6.29% rally from Tuesday, Ethereum ended the day at $4,606.07.
After a mixed morning, Ethereum fell to an early afternoon intraday low $4,456.00 before making a move.
Steering clear of the first major support level at $4,387, Ethereum rallied to a late intraday high and ATH $4,670.98.
Falling short of the first major resistance level at $4,704, however, Ethereum fell back to sub-$4,600 levels before finding support.
At the time of writing, Ethereum was down by 0.05% to $4,603.94. A mixed start to the day saw Ethereum fall to an early morning low $4,586.10 before rising to a high $4,610.24.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $4,578 pivot to bring the first major resistance level at $4,700 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Wednesday’s ATH $4,670.98.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $4,900 levels before any pullback. The second major resistance level sits at $4,793.
A fall through the $4,578 pivot would bring the first major support level at $4,484 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,200 levels. The second major support level at $4,363 should limit the downside.
Ethereum Price Forecast
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See all Ethereum forecastsLooking at the Technical Indicators
First Major Support Level: $4,484
Pivot Level: $4,578
First Major Resistance Level: $4,700
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 3.10% on Wednesday. Following a 1.68% gain on Tuesday, Litecoin ended the day at $207.31.
A mixed start to the day saw Litecoin rally to a late morning intraday high $209.44 before hitting reverse.
Litecoin broke through the first major resistance level at $203.
Coming up against the second major resistance level at $210, Litecoin slid to an early afternoon intraday low $197.51.
Steering clear of the first major support level at $196, Litecoin broke back through the first major resistance level to revisit $209 levels before easing back.
At the time of writing, Litecoin was down by 0.86% to $205.52. A bearish start to the day saw Litecoin fall from an early morning high $207.33 to a low $205.08.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $205 pivot to bring the first major resistance level at $212 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $209.44.
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 $220 before easing back. The second major resistance level sits at $217.
A fall through the $205 pivot would bring the first major support level at $200 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$195. The second major support level sits at $193.
Looking at the Technical Indicators
First Major Support Level: $200
Pivot Level: $205
First Major Resistance Level: $212
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP rallied by 6.61% on Wednesday. Following a 3.99% gain on Tuesday, Ripple’s XRP ended the day at $1.21118.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.12841 before making a move.
Steering clear of the first major support level at $1.1001, Ripple’s XRP rallied to a mid-morning intraday high $1.23500.
Ripple’s XRP broke through the first major resistance level at $1.1600 and the second major resistance level at $1.1834.
A late morning pullback, however, saw Ripple’s XRP fall back to sub-$1.15 levels before a 2nd breakout.
Ripple’s XRP fall broke back through the first and the second major resistance levels to end the day at $1.21 levels.
At the time of writing, Ripple’s XRP was up by 1.56% to $1.23007. A bullish start to the day saw Ripple’s XRP rise from an early morning low $1.21163 to a high $1.23722.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP would avoid the $1.1915 pivot to bring the first major resistance level at $1.2547 into play.
Support would be needed, however, for Ripple’s XRP to break out from Wednesday’s high $1.2350.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.30 levels before any pullback. The second major resistance level sits at $1.2981.
A fall through the $1.1915 pivot would bring the first major support level at $1.1481 into play.
Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.10 levels. The second major support level sits at $1.0849.
Looking at the Technical Indicators
First Major Support Level: $1.1481
Pivot Level: $1.1915
First Major resistance Level: $1.2547
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
