Ethereum
Ethereum fell by 1.08% on Thursday. Following an 11.64% surge on Wednesday, Ethereum ended the day at $3,787.97.
A mixed start to the day saw Ethereum rise to an early morning intraday high $3,838.28 before hitting reverse.
Falling short of the first major resistance level at $3,987, however, Ethereum fell to a mid-morning intraday low $3,722.65.
Steering clear of the first major support level at $3,528, Ethereum bounced back to an early afternoon high $3,834.98.
Continuing to fall short of the first major resistance level at $3,987, however, Ethereum eased back to end the day at sub-$3,800 levels.
At the time of writing, Ethereum was up by 0.12% to $3,792.70. A mixed star to the day saw Ethereum fall to an early morning low $3,787.80 before rising to a high $3,806.32.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $3,783 pivot to bring the first major resistance level at $3,843 into play.
Support from the broader market would be needed, however, for Ethereum to out from Thursday’s high $3,838.28.
Barring another extended crypto rally, the first major resistance level would likely cap any upside.
In the event of a broad-based crypto rally, Ethereum could test the second major resistance level at $3,899 and resistance at $4,000.
A fall through the $3,783 pivot would bring the first major support level at $3,728 into play.
Barring another extended sell-off, however, Ethereum should steer well clear of sub-$3,500 levels. The second major support level at $3,667 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $3,728
Pivot Level: $3,783
First Major Resistance Level: $3,843
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 1.40% on Thursday. Following a 5.40% rally on Wednesday, Litecoin ended the day at $183.39.
A bearish start to the day saw Litecoin fall to an early morning intraday low $179.41 before making a move.
Steering clear of the first major support level at $172, Litecoin rallied to a late intraday high $188.00.
Litecoin broke through the 23.6% FIB of $178 and the first major resistance level at $186 before falling back to sub-$184 levels.
At the time of writing, Litecoin was up by 0.19% to $173.74. A mixed start to the day saw Litecoin fall to an early morning low $183.35 before rising to a high $184.12.
Litecoin left the major support and resistance levels untested early on
For the day ahead
Litecoin would need to move back through the $184 pivot to bring the first major resistance level at $188 into play.
Support from the broader market would be needed, however, for Litecoin to break out from $185.00 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $188.00 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $195 before any pullback. The second major resistance level at sits $192.
Failure to move back through the $184 pivot would bring the first major support level at $179 and the 23.6% FIB of $178 into play.
Barring another extended sell-off, however, Litecoin should steer clear of the second major support level at $175.
Looking at the Technical Indicators
First Major Support Level: $179
Pivot Level: $184
First Major Resistance Level: $188
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP rose by 1.35% on Thursday. Following a 4.33% gain on Wednesday, Ripple’s XRP ended the day at $1.25431.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $1.22296 before making a move.
Steering clear of the first major support level at $1.1864, Ripple’s XRP rallied to a mid-day intraday high $1.29500.
Ripple’s XRP broke through the first major resistance level at $1.2625 and the second major resistance level at $1.2873.
Coming up against resistance at $1.30, however, Ripple’s XRP fell back through the second major resistance level to end the day at sub-$1.26.
At the time of writing, Ripple’s XRP was down by 0.34% to $1.25000. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.26252 before falling to a low $1.25000.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move back through the $1.2574 pivot to bring first major resistance level at $1.2919 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $1.29 levels.
Barring an extended crypto rally, the first major resistance level and Thursday’s high $1.29500 would likely cap any upside.
In the event of another breakout, Ripple’s XRP could test resistance at $1.35 before any pullback. The second major resistance level sits at $1.3295.
Failure to move back through the $1.2574 pivot would bring the first major support level at $1.2198 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of sub-$1.20 levels. The second major support level sits at $1.1854.
Looking at the Technical Indicators
First Major Support Level: $1.2198
Pivot Level: $1.2574
First Major resistance Level: $1.2919
23.6% FIB Retracement Level: $0.8533
38.2% FIB Retracement Level: $1.0659
62% FIB Retracement Level: $1.4096
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire
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