Ethereum
Ethereum fell by 2.65% on Monday. Reversing a 0.46% gain from Sunday, Ethereum ended the day at $3,745.48.
A bullish start to the day saw Ethereum rise to an early morning intraday high $3,894.7 before hitting reverse.
Falling short of the first major resistance level at $3,963, Ethereum slid to an early afternoon intraday low $3,676.35.
Ethereum fell through the first major support level at $3,687 before briefly revisiting $3,800 levels.
A bearish end to the day, however, saw Ethereum slide back to sub-$3,800 levels and into the red.
At the time of writing, Ethereum was up by 0.20% to $3,753.06. A mixed start to the day saw Ethereum fall to an early morning low $3,731.22 before rising to a high $3,765.55.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $3,772 pivot to bring the first major resistance level at $3,868 play.
Support from the broader market would be needed, however, for Ethereum to break out from $3,850 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $3,894.70 would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test the second major resistance level at $3,991.
Failure to move through the $3,772 pivot would bring the first major support level at $3,650 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$3,500 levels. The second major support level at $3,554 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $3,650
Pivot Level: $3,772
First Major Resistance Level: $3,868
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 1.01% on Monday. Partially reversing a 1.22% loss from Sunday, Litecoin ended the day at $185.63.
A bullish start to the day saw Litecoin rise to a mid-morning intraday high $187.50 before hitting reverse.
Falling short of the first major resistance level at $189, Litecoin slid to an early afternoon intraday low $178.51.
Steering clear of the first major support level at $178 and the 23.6% FIB of $178, Litecoin revisited $187 levels before easing back.
At the time of writing, Litecoin was down by 0.20% to $185.25. A mixed start to the day saw Litecoin fall to an early morning low $184.71 before rising to a high $186.20.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid the $184 pivot to bring the first major resistance level at $189 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Monday’s high $187.50.
Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap the upside.
In the event of another breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $193.
A fall through the $184 pivot would bring the first major support level at $180 and the 23.6% FIB of $178 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$170. The second major support level at $175 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $180
Pivot Level: $184
First Major Resistance Level: $189
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296
Ripple’s XRP
Ripple’s XRP fell by 1.05% on Monday. Following a 3.61% slide on Sunday, Ripple’s XRP ended the day at $1.08233.
A mixed start to the day saw Ripple’s XRP rise to a mid-morning intraday high $1.10500 before hitting reverse.
Falling short of the first major resistance level at $1.1479, Ripple’s XRP fell to an early afternoon intraday low $1.06510.
While steering clear of the first major support level at $1.0274, Ripple’s XRP fell through the 38.2% FIB of $1.0695.
Finding mid-afternoon support, however, Ripple’s XRP broke back through the 38.2% FIB to end the day at $1.08 levels.
At the time of writing, Ripple’s XRP was up by 0.11% to $1.08357. A mixed start to the day saw Ripple’s XRP fall to an early morning low $1.07858 before rising to a high $1.08704.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP would need to move back through the $1.0841 pivot to bring the first major resistance level at $1.1032 into play.
Support would be needed, however, for Ripple’s XRP to break back through to $1.10 levels.
Barring an extended crypto rally, the first major resistance level and Monday’s high $1.1050 would likely cap the upside.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.15 before any pullback. The second major resistance level sits at $1.1240.
Failure to move back through the $1.0841 pivot would bring the 38.2% FIB of $1.0659 and the first major support level at $1.0633 into play.
Barring another extended sell-off, however, Ripple’s XRP should avoid sub-$1.05 levels. The second major support level sits at $1.0442.
Looking at the Technical Indicators
First Major Support Level: $1.0633
Pivot Level: $1.0841
First Major resistance Level: $1.1032
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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