Ethereum
Ethereum slid by 5.16% on Friday. Partially reversing an 8.89% rally from Thursday, Ethereum ended the day at $1,168.1.
A bullish start to the day saw Ethereum rise to an early morning intraday high $1,255.59 before hitting reverse.
Falling short of the first major resistance level at $1,290, Ethereum slid to a late afternoon intraday low $1,065.0.
The reversal saw Ethereum fall through the first major support level at $1,130, briefly revisiting $1,175 levels.
At the time of writing, Ethereum was up by 2.01% to $1,191.62. A mixed start to the day saw Ethereum fall to an early morning low $1,168.29 before rising to a high $1,195.51.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall through the pivot level at $1,163 to support a run at the first major resistance level at $1,261.
Support from the broader market would be needed, however, for Ethereum to break out from Friday’s high $1,255.59.
Barring an extended crypto rally, the first major resistance level and resistance $1,300 would likely cap any upside.
In the event of an extended crypto rally, Ethereum could test resistance at $1,400 before any pullback. The second major resistance level sits at $1,354.
Failure to avoid a fall through the $1,163 pivot would bring the first major support level at $1,070 into play.
Barring another extended sell-off, however, Ethereum should steer clear of the second major support level at $972.31. The 23.6% FIB of $1,051 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $1,070
Pivot Level: $1,163
First Major Resistance Level: $1,261
23.6% FIB Retracement Level: $1,051
38.2% FIB Retracement Level: $866
62% FIB Retracement Level: $566
Litecoin
Litecoin slid by 5.74% on Friday. Reversing a 3.27% gain from Thursday, Litecoin ended the day at $143.63.
A mixed start to the day saw Litecoin rise to an early morning intraday high $155.30 before hitting reverse.
Falling short of the first major resistance level at $158.4, Litecoin slid to a late afternoon intraday low $130.29.
Litecoin fell through the first major support level at $144.9 and the second major support level at $137.4.
Steering clear of the 38.2% FIB of $125, Litecoin broke back through the second major support level to end the day at $143 levels.
The first major support level at $144.9 pinned Litecoin back late in the day.
At the time of writing, Litecoin was up by 1.23% to $145.39. A mixed start to the day saw Litecoin fall to an early morning low $143.54 before rising to a high $145.75.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall through the $143.1 pivot level to support a run at the 23.6% FIB of $148 and the first major resistance level at $155.9.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s high $155.30.
Barring an extended crypto rally, the first major resistance level and resistance at $160 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $170. The second major resistance level at $168.1.
Failure to avoid a fall through the $143.1 pivot level would bring the first major support level at $138.9 into play.
Barring another extended sell-off, Litecoin should avoid the second major support level at $118.1. The 23.6% FIB of $125 should limit any downside.
Looking at the Technical Indicators
First Major Support Level: $130.9
Pivot Level: $143.1
First Major Resistance Level: $155.9
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87
Ripple’s XRP
Ripple’s XRP slid by 5.30% on Friday. Following on from a 3.29% decline on Thursday, Ripple’s XRP ended the day at $0.28058.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.30323 before hitting reverse.
Falling short of the first major resistance level at $0.3088, Ripple’s XRP slid to a late afternoon intraday low $0.26186.
Ripple’s XRP fell through the first major support level at $0.2830 and the second major support level at $0.2702.
Finding late support, Ripple’s XRP broke back through the second major support level to end the day at $0.28 levels.
At the time of writing, Ripple’s XRP was up by 0.23% to $0.28123. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.27926 before rising to a high $0.28188.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to move through the $0.2819 pivot level to bring the first major resistance level at $0.3019 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.30 levels.
Barring another extended crypto rally, the first major resistance and Friday’s high $0.30323 would likely cap any upside.
In the event of another extended rally, Ripple’s XRP could test resistance at the 23.6% FIB of $0.3172 and resistance at $0.32 levels. The second major resistance sits at $0.3233.
Failure to move through the $0.2819 pivot would bring the first major support level at $0.2606 into play.
Barring another extended crypto sell-off, Ripple’s XRP should steer clear of the second major support level at $0.2405.
Looking at the Technical Indicators
First Major Support Level: $0.2606
Pivot Level: $0.2819
First Major Resistance Level: $0.3019
23.6% FIB Retracement Level: $0.6274
38.2% FIB Retracement Level: $0.5285
62% FIB Retracement Level: $0.3687
Please let us know what you think in the comments below.
Thanks, Bob
This article was originally posted on FX Empire
More From FXEMPIRE:
