Ethereum
Ethereum rose by 0.29% on Sunday. Following a 12.41% rally on Saturday, Ethereum ended the week up by 33.07% to $3,928.44.
A bullish start to the day saw Ethereum rise to a late morning intraday high and a new swing hi $3,984.00.
Falling short of the first major resistance level at $4,102, Ethereum fell to a mid-day intraday low $3,726.29.
Steering clear of the first major support level at $3,594, Ethereum revisited $3,960 levels before easing back.
At the time of writing, Ethereum was down by 0.55% to $3,906.95. A mixed start to the day saw Ethereum rise to an early morning high $3,934.98 before falling to a low $3,896.71.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the $3,880 pivot to bring the first major resistance level at $4,033 into play.
Support from the broader market would be needed, however, for Ethereum to break through to $4,000 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another breakout, Ethereum could test resistance at $4,200 levels. The second major resistance level sits at $4,137.
Failure to avoid a fall through the $3,880 pivot would bring the first major support level at $3,775 into play.
Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $3,622.
Looking at the Technical Indicators
First Major Support Level: $3,775
Pivot Level: $3,880
First Major Resistance Level: $4,033
23.6% FIB Retracement Level: $3,063
38.2% FIB Retracement Level: $2,493
62% FIB Retracement Level: $1,572
Litecoin
Litecoin rallied by 11.66% on Sunday. Following a modest 0.71% gain from Saturday, Litecoin ended the week up by 44.30% to $388.30.
A mixed start to the day saw Litecoin fall to an early morning intraday low $334.00 before making a move.
Litecoin fell through the first major support level at $336 before rallying to a final hour intraday high and a new swing hi $389.65.
The rally saw Litecoin break through the first major resistance level at $358 and the second major resistance level at $369.
At the time of writing, Litecoin was up by 1.95% to $395.87. A mixed start to the day saw Litecoin fall to an early morning low $387.57 before striking a new swing hi $398.95.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $371 pivot to support a run at the first major resistance level at $407.
Support from the broader market would be needed, however, for Litecoin to break through to $400 levels.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $440. The second major resistance level sits at $426.
Failure to avoid a fall through the $371 pivot would bring the first major support level at $352 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$350. The Second major support level sits at $315.
Looking at the Technical Indicators
First Major Support Level: $352
Pivot Level: $371
First Major Resistance Level: $407
23.6% FIB Retracement Level: $304
38.2% FIB Retracement Level: $250
62% FIB Retracement Level: $164
Ripple’s XRP
Ripple’s XRP fell by 1.80% on Sunday. Following on from a 1.01% loss on Saturday, Ripple’s XRP ended the week down by 1.65% to $1.53661.
A mixed start to the day saw Ripple’s XRP rise to an early morning intraday high $1.59738 before hitting reverse.
Falling short of the first major resistance level at $1.6152, Ripple’s XRP slid to a mid-morning intraday low $1.44500.
Ripple’s XRP fell through the first major support level at $1.5292 and the second major support level at $1.4930.
More significantly, Ripple’s XRP also fell through the 23.6% FIB of $1.5426 before revisiting $1.5490 levels.
A second sell-off saw Ripple’s XRP fall back through the 23.6% FIB and the first major support level and second major support level.
Recovering from a return to $1.45 levels, Ripple’s XRP moved back through to $1.53 levels to reduce the deficit.
At the time of writing, Ripple’s XRP was up by 2.95% to $1.58199. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.52458 before rising to a high $1.58199.
While leaving the major support and resistance levels untested early on, Ripple’s XRP broke through the 23.6% FIB of $1.5426.
For the day ahead
Ripple’s XRP will need to avoid a fall back through the 23.6% FIB of $1.5426 and the $1.5263 pivot to bring the first major resistance level at $1.6077 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Sunday’s high $1.59738.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another extended rally, Ripple’s XRP could test resistance at $1.70 levels. The second major resistance level sits at $1.6787.
Failure to avoid a fall back through the 23.6% FIB of $1.5426 and the $1.5263 pivot would bring the first major support level at $1.4553 into play.
Barring an extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.40 levels. The second major support level sits at $1.3740.
Looking at the Technical Indicators
First Major Support Level: $1.4553
Pivot Level: $1.5263
First Major resistance Level: $1.6077
23.6% FIB Retracement Level: $1.5426
38.2% FIB Retracement Level: $1.2807
62% FIB Retracement Level: $0.8573
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire
![Litecoin [LTC] investors could watch out for these levels in weeks ahead – AMBCrypto News](https://cryptohoarding.com/wp-content/uploads/2022/05/litecoin-ltc-investors-could-watch-out-for-these-levels-in-weeks-ahead-ambcrypto-news-350x250.png)
![Litecoin [LTC] investors should watch out for these short-term price levels – AMBCrypto News](https://cryptohoarding.com/wp-content/uploads/2022/05/litecoin-ltc-investors-should-watch-out-for-these-short-term-price-levels-ambcrypto-news-350x250.png)
