Ethereum
Ethereum rallied by 6.29% on Tuesday. Following a 0.76% gain on Monday, Ethereum ended the day at $4,595.01.
A bearish start to the day saw Ethereum fall to an early morning intraday low $4,287.32 before making a move.
Steering clear of the first major support level at $4,188, Ethereum rallied to a final hour intraday high and ATH $4,604.99.
Ethereum broke through the first major resistance level at $4,422 and the second major resistance level at $4,521 to end the day at $4,595 levels.
At the time of writing, Ethereum was down by 0.32% to $4,580.35. A mixed start to the day saw Ethereum rise to an early morning high $4,604.00 before falling to a low $4,577.13.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid the $4,496 pivot to bring the first major resistance level at $4,704 into play.
Support from the broader market would be needed, however, for Ethereum to break out from $4,650 levels.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Ethereum could test resistance at $4,900 levels before any pullback. The second major resistance level sits at $4,813.
A fall through the $4,496 pivot would bring the first major support level at $4,387 into play.
Barring an extended sell-off, however, Ethereum should steer clear of sub-$4,200 levels. The second major support level sits at $4,178.
Looking at the Technical Indicators
First Major Support Level: $4,387
Pivot Level: $4,496
First Major Resistance Level: $4,704
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin rose by 1.68% on Tuesday. Following a 2.94% gain on Monday, Litecoin ended the day at $201.03.
A mixed start to the day saw Litecoin fall to an early morning intraday low $195.24 before making a move.
Steering clear of the first major support level at $190, Litecoin rallied to a late intraday high $204.75.
Litecoin broke through the first major resistance level at $203 before easing back to end the day at $201 levels.
At the time of writing, Litecoin was up by 0.30% to $200.43. A mixed start to the day saw Litecoin rise to an early morning high $201.36 before falling to a low $200.41.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $200 pivot to bring the first major resistance level at $205 into play.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $204.75.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of another breakout, Litecoin could test the second major resistance level at $210.
A fall through the $200 pivot would bring the first major support level at $196 into play.
Barring another extended sell-off, Litecoin should steer clear of sub-$190. The second major support level at $191 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $196
Pivot Level: $200
First Major Resistance Level: $205
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 3.99% on Tuesday. Reversing a 1.77% loss from Monday, Ripple’s XRP ended the day at $1.13652.
A mixed start to the day saw Ripple’s XRP fall to an early morning intraday low $1.08710 before making a move.
Steering clear of the first major support level at $1.0662, Ripple’s XRP rose to a late intraday high $1.14698.
Ripple’s XRP broke through the first major resistance level at $1.1269 to end the day at $1.13 levels.
At the time of writing, Ripple’s XRP was down by 0.13% to $1.13501. A mixed start to the day saw Ripple’s XRP rise to an early morning high $1.14037 before falling to a low $1.13501.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP would avoid the $1.1235 pivot to bring the first major resistance level at $1.1600 into play.
Support would be needed, however, for Ripple’s XRP to break out from Tuesday’s high $1.4698.
Barring an extended crypto rally, the first major resistance level would likely cap the upside.
In the event of a broad-based crypto rally, Ripple’s XRP could test resistance at $1.20 levels before any pullback. The second major resistance level sits at $1.1834.
A fall through the $1.1235 pivot would bring the first major support level at $1.1001 into play.
Barring another extended sell-off, however, Ripple’s XRP should avoid the 38.2% FIB of $1.0659 and the second major support level at $1.0637.
Looking at the Technical Indicators
First Major Support Level: $1.1001
Pivot Level: $1.1235
First Major resistance Level: $1.1600
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
