The majors will need to revisit Monday's highs to avoid another day in the red.
Ethereum slid by 4.40% on Monday. Partially reversing a 4.68% gain from Sunday, Ethereum ended the day at $2,925.27.
A mixed start to the day saw Ethereum rise to an early morning intraday high $3,168.03 before hitting reverse.
Falling short of the first major resistance level at $3,205, Ethereum slid to a late intraday low $2,925.00.
Steering clear of the first major support level at $2,829, however, Ethereum ended the day at $2,925 levels.
At the time of writing, Ethereum was up 0.24% to $2,932.38. A mixed start to the day saw Ethereum fall to an early morning low $2,905.68 before rising to a high $2,932.38.
Ethereum left the major support and resistance levels untested early on.
Ethereum would need to move through the $3,006 pivot to bring the first major resistance level at $3,087 into play.
Support from the broader market would be needed, however, for Ethereum to break back through to $3,050 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $3,168.03 would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at the 23.6% FIB of $3,369 before any pullback. The second major resistance level sits at $3,249.
Failure to move through the $3,006 pivot would bring the first major support level at $2,844 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$2,700 levels. The second major support level at $2,763 and the 38.2% FIB of $2,740 should limit the downside.
First Major Support Level: $2,844
Pivot Level: $3,006
First Major Resistance Level: $3,087
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin fell by 3.66% on Monday. Following a 0.18% loss on Sunday, Litecoin ended the day at $145.16.
A bullish start to the day saw Litecoin rise to an early morning intraday high $154.97 before hitting reverse.
Falling short of the first major resistance level at $156, Litecoin fell to a late intraday low $144.90.
Steering clear of the first major support level at $144, however, Litecoin found support to end the day at $145 levels.
At the time of writing, Litecoin was up by 0.08% to $145.27. A mixed start to the day saw Litecoin rise to an early morning high $145.55 before falling to a low $144.34.
Litecoin left the major support and resistance levels untested early on.
Litecoin would need to move through the $148 pivot to bring the first major resistance level at $152 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $150 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $154.97 would likely cap the upside.
In the event of another breakout, Litecoin could test resistance at $160 before any pullback. The second major resistance level sits at $158.
Failure to move through the $148 pivot would bring the first major support level at $142 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$140. The second major support level sits at $138.
First Major Support Level: $142
Pivot Level: $148
First Major Resistance Level: $152
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP fell by 2.24% on Monday. Reversing a 0.52% gain from Sunday, Ripple’s XRP ended the day at $0.02244.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.98166 before hitting reverse.
Ripple’s XRP broke through the first major resistance level at $0.9694 before sliding to a late intraday low $0.92034.
Steering clear of the first major support level at $0.9063, however, Ripple’s XRP found late support to revisit $0.94 levels.
A bearish end to the day, however, saw Ripple’s XRP slide back to sub-$0.94 and into the red.
At the time of writing, Ripple’s XRP was up by 0.29% to $0.92512. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.92102 before rising to a high $0.92517.
Ripple’s XRP left the major support and resistance levels untested early on.
Ripple’s XRP would need to move through the $0.9415 pivot to bring the first major resistance level at $0.9626 into play.
Support would be needed, however, for Ripple’s XRP to break out from $0.95 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $0.98166 would likely cap the upside.
In the event of a broad-based crypto rally, Ripple’s XRP could test the second major resistance level at $1.0028.
Failure to move through $0.9415 pivot would bring the first major support level at $0.9013 into play.
Barring an extended sell-off, however, Ripple’s XRP should avoid the 23.6% FIB of $0.8533. The second major support level at $0.8802 should limit the downside.
First Major Support Level: $0.9013
Pivot Level: $0.9415
First Major resistance Level: $0.9626
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
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Thanks, Bob
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.