FXEMPIRE
All
Ad
Advertisement
Advertisement
Bob Mason
Add to Bookmarks
crypto currency mining concept

Ethereum

Ethereum rose by 0.85% on Friday. Following on from an 8.89% jump on Thursday, Ethereum ended the day at $352.11.

Advertisement
Know where Ripple 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.

A bearish start to the day saw Ethereum fall to a late morning intraday low $337.63 before making a move.

Steering clear of the first major support level at $330.63, Ethereum rallied to a late intraday high $358.12.

Falling short of the first major resistance level at $360.39, Ethereum eased back to wrap up the day at $352 levels.

At the time of writing, Ethereum was up by 0.19% to $352.78. A mixed start to the day saw Ethereum fall to an early morning low $351.31 before rising to a high $353.34.

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

For the day ahead

Ethereum would need to avoid a fall through the $349.29 pivot to support a run at the first major resistance level at $360.94.

Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $358.12.

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

Failure to avoid a fall through the $349.29 pivot would bring the first major support level at $340.45 into play.

Barring another extended sell-off, however, Ethereum should steer clear of sub-$330 levels. The second major support level sits at $328.80.

Looking at the Technical Indicators

First Major Support Level: $340.45

Pivot Level: $349.29

First Major Resistance Level: $360.94

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Advertisement

Litecoin

Litecoin rose by 2.38% on Friday. Following a 4.66% rally on Thursday, Litecoin ended the day at $46.02.

It was a bearish start to the day. Litecoin fell to a late morning intraday low $44.00 before making a move.

Steering clear of the first major support level at $43.28, Litecoin rallied to a late morning intraday high $46.55.

The rally saw Litecoin break through the first major resistance level at $45.92.

In the 2nd half of the day, Litecoin slipped back to sub-$45.50 levels before finding late support.

Litecoin broke back through the first major resistance level to wrap up the day at $46 levels.

At the time of writing, Litecoin was up by 0.43% to $46.22. A bullish start to the day saw Litecoin rise from an early morning low $46.02 to a high $46.23.

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

For the day ahead

Litecoin would need to avoid a fall through the $45.52 pivot to support a run at the first major resistance level at $47.05.

Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $46.55.

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

Failure to avoid a fall through the $45.52 pivot level would bring the first major support level at $44.50 into play.

Barring an extended sell-off on the day, however, Litecoin should steer clear of sub-$43 levels. The second major support level sits at $42.97.

Looking at the Technical Indicators

First Major Support Level: $44.50

Pivot Level: $45.52

First Major Resistance Level: $47.05

23.6% FIB Retracement Level: $54

38.2% FIB Retracement Level: $71

62% FIB Retracement Level: $100

Ripple’s XRP

Ripple’s XRP rose by 3.73% on Friday. Following on from a 5.23% rally on Thursday, Ripple’s XRP ended the day at $0.24168.

Tracking the broader market, Ripple’s XRP fell to a late morning intraday low $0.2299 before making a move.

Steering clear of the first major support level at $0.2231, Ripple’s XRP rallied to a late intraday high $0.24470.

Ripple’s XRP broke through the first major resistance level at $0.2389 and the second major resistance level at $0.2448.

A late pullback, however, saw Ripple’s XRP fall back through the second major resistance level to end the day a $0.24168.

At the time of writing, Ripple’s XRP was up by 0.42% to $0.24269. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.24174 to a high $0.24269.

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 $0.2388 pivot to support a run at the first major resistance level at $0.2476.

Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $0.2447.

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

Failure to avoid a fall through the $0.2388 pivot would bring the first major support level at $0.2328 into play.

Barring an extended crypto sell-off, Ripple’s XRP should steer clear of sub-$0.23 levels and the second major support level at $0.2240.

Looking at the Technical Indicators

First Major Support Level: $0.2329

Pivot Level: $0.2388

First Major Resistance Level: $0.2476

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

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