Ethereum
Ethereum rose by 4.01% on Friday. Reversing a 1.08% fall from Thursday, Ethereum ended the day at $3,940.06.
A mixed start to the day saw Ethereum fall to an early morning intraday low $3,710.59 before making a move.
Ethereum fell through the first major support level at $3,728 before rallying to an early afternoon intraday high $4,030.35.
Ethereum broke through the day’s major resistance levels before a late pullback to sub-$4,000.
The pullback saw Ethereum fall back through the third major resistance level at $4,014 to end the day at $3,900 levels.
At the time of writing, Ethereum was up by 0.69% to $3,967.27. A mixed start to the day saw Ethereum fall to an early morning low $3,915.00 before rising to a high $3,970.00.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $3,894 pivot to bring the first major resistance level at $4,077 into play.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $4,030.35.
Barring another extended crypto rally, the first major resistance level and resistance at $4,100 would likely cap any upside.
In the event of a broad-based crypto rally, Ethereum could test the second major resistance level at $4,213.
A fall through the $3,894 pivot would bring the first major support level at $3,757 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$3,600 levels. The second major support level sits at $3,574.
Looking at the Technical Indicators
First Major Support Level: $3,757
Pivot Level: $3,894
First Major Resistance Level: $4,077
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin surged by 16.25% on Friday. Following a 1.40% gain on Thursday, Litecoin ended the day at $213.28.
A bearish start to the day saw Litecoin fall to an early morning intraday low $179.87 before making a move.
Finding support at the first major support level at $179, Litecoin surged to a late intraday high $218.00.
Litecoin broke through the day’s major resistance levels to wrap up the day at $213 levels.
At the time of writing, Litecoin was up by 1.34% to $216.13. A mixed start to the day saw Litecoin fall to an early morning low $211.52 before rising to a high $216.25.
Litecoin left the major support and resistance levels untested early on
For the day ahead
Litecoin would need to avoid the $204 pivot to bring the first major resistance level at $228 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $218.00.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of another extended breakout, Litecoin could test the second major resistance level at $242.
A fall through the $204 pivot would bring the first major support level at $189 into play.
Barring another extended sell-off, however, Litecoin should steer clear of the 23.6% FIB of $178. The second major support level sits at $166.
Looking at the Technical Indicators
First Major Support Level: $189
Pivot Level: $204
First Major Resistance Level: $228
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 2.91% on Friday. Following a 1.35% gain on Thursday, Ripple’s XRP ended the day at $1.29081.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $1.22020 before making a move.
Ripple’s XRP fell through the first major support level at $1.2198 before rallying to a mid-afternoon intraday high $1.32354.
Ripple’s XRP broke through the first major resistance level at $1.2919 before hitting reverse.
Coming within range of the second major resistance level at $1.3295, Ripple’s XRP fell back through the first major resistance level to briefly revisit sub-$1.29 levels.
Finding late support, however, Ripple’s XRP wrapped up the day at $1.29 levels.
At the time of writing, Ripple’s XRP was up by 0.32% to $1.29500. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.28223 before rising to a high $1.29500.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid the $1.2782 pivot to bring first major resistance level at $1.3362 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break out from Friday’s high $1.32354.
Barring an extended crypto rally, the first major resistance level and resistance at $1.35 would likely cap any upside.
In the event of another breakout, Ripple’s XRP could test resistance at $1.40 before any pullback. The second major resistance level sits at $1.3815.
A fall through the $1.2782 pivot would bring the first major support level at $1.2328 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 $1.1748.
Looking at the Technical Indicators
First Major Support Level: $1.2328
Pivot Level: $1.2782
First Major resistance Level: $1.3362
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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