Ethereum
Ethereum rose by 5.9% on Tuesday. Following on from a 6.32% rally on Monday, Ethereum ended the day at $1,103.73.
Another mixed start to the day saw Ethereum rise to an early morning intraday high $1,136.93 before hitting reverse.
Falling short of the first major resistance level at $1,178.80, Ethereum slid to a mid-morning intraday low $975.00.
Steering clear of the first major support level at $896.14, Ethereum bounced back to $1,100 levels late in the day.
At the time of writing, Ethereum was down by 1.70% to 1,082.83. A mixed start to the day saw Ethereum rise to an early morning high $1,114.24 before falling to a low $1,066.62.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to avoid a fall back through the pivot level at $1,071.89 to support a run at the first major resistance level at $1,168.80.
Support from the broader market would be needed, however, for Ethereum to break out from Tuesday’s high $1,136.93.
Barring an extended crypto rally, the first major resistance level and resistance at $1,150 would likely cap any upside.
In the event of another extended crypto rally, Ethereum could test resistance at $1,300 before any pullback. The second major resistance level sits at $1,233.82.
Failure to avoid a fall back through the $1,071.89 pivot would bring the first major support level at $1,006.84 into play.
Barring an extended sell-off, however, Ethereum should continue to steer clear sub-$950 levels. The second major support level sits at $909.96.
Looking at the Technical Indicators
First Major Support Level: $1,006.84
Pivot Level: $1,071.89
First Major Resistance Level: $1,168.77
23.6% FIB Retracement Level: $912
38.2% FIB Retracement Level: $753
62% FIB Retracement Level: $496
Litecoin
Litecoin rose by 2.28% on Tuesday. Partially reversing a 3.72% fall from Monday, Litecoin ended the day at $159.03.
A mixed start to the day saw Litecoin rise to an early morning high $160.00 before hitting reverse.
Falling short of the first major resistance level at $173.29, Litecoin slid to a mid-morning intraday low $146.62.
Steering clear of the first major support level at $138.79, however, rallied to a late intraday high $163.36 before easing back.
At the time of writing, Litecoin was down by 1.33% to $156.91. A mixed start to the day saw Litecoin rise to an early morning high $160.51 before falling to a low $155.44.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to avoid a fall back through the $156.34 pivot level to support a run at the first major resistance level at $166.05.
Support from the broader market would be needed, however, for Litecoin to break out from Tuesday’s high $163.36.
Barring an extended crypto rally, the first major resistance level and resistance at $170 would likely cap any upside.
In the event of another extended breakout, Litecoin could test resistance at $180 before any pullback. The second major resistance level sits at $173.08.
Failure to avoid a fall back through the $156.34 pivot level would bring the first major support level at $149.31 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$140 levels and the second major support level at $139.60.
Looking at the Technical Indicators
First Major Support Level: $149.31
Pivot Level: $156.34
First Major Resistance Level: $166.05
23.6% FIB Retracement Level: $139
38.2% FIB Retracement Level: $117
62% FIB Retracement Level: $82
Ripple’s XRP
Ripple’s XRP slid by 4.09% on Tuesday. Reversing a 4.54% gain from Monday, Ripple’s XRP ended the day at $0.22635.
Recovering from a mid-morning low $0.22551, Ripple’s XRP rallied to a late morning intraday high $0.24298 before hitting reverse.
Falling short of the first major resistance level at $0.2646. Ripple’s XRP slid to an early afternoon intraday low $0.21800.
Steering clear of the first major support level at $0.2109, Ripple’s XRP revisited $0.23 levels before falling back to $0.226 levels.
At the time of writing, Ripple’s XRP was down by 1.39% to $0.22321. A mixed start to the day saw Ripple’s XRP rise to an early morning high $0.22662 before falling to a low $0.22200.
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 $0.2291 pivot level to bring the first major resistance level at $0.2402 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.24 levels.
Barring another extended crypto rally, the first major resistance and Tuesday’s high $0.24298 would likely cap any upside.
In the event of another extended rally, Ripple’s XRP could test resistance at $0.26 before any pullback. The second major resistance sits at $0.2541.
Failure to move through the $0.2291 pivot would bring the first major support level at $0.2152 into play.
Barring an extended crypto sell-off, Ripple’s XRP should continue to avoid sub-$0.21 levels. The second major support level sits at $0.2041.
Looking at the Technical Indicators
First Major Support Level: $0.2152
Pivot Level: $0.2291
First Major Resistance Level: $0.2402
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
