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Ethereum
Ethereum fell by 2.18% on Friday. Following a 3.81% slide on Thursday, Ethereum ended the day at $1,877.22.
A mixed start to the day saw Ethereum rise to an early morning intraday high $1,965.35 before hitting reverse.
Falling short of the first major resistance level at $2,012, Ethereum slid to a late morning intraday low $1,850.15.
Ethereum fell through the first major support level at $1,852 before briefly revisiting $1,940 levels.
A bearish end to the day, however, saw Ethereum slide back to sub-$1,900 levels and into the deep red.
At the time of writing, Ethereum was up by 0.55% to $1,887.47. A mixed start to the day saw Ethereum fall to an early morning low $1,868.54 before rising to a high $1,893.99.
Ethereum left the major support and resistance levels untested early on.
For the day ahead
Ethereum would need to move through the $1,898 pivot to bring the first major resistance level at $1,945 into play.
Support from the broader market would be needed, however, for Ethereum to move back through to $1,900 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $1,965.35 would likely cap any upside.
In the event of a broad-based crypto rally, Ethereum could test the second major resistance level at $2,013.
Failure to move through the $1,898 pivot would bring the first major support level at $1,830 into play.
Barring another extended sell-off, however, Ethereum should steer clear of sub-$1,700 levels. The second major support level at $1,782 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $1,830
Pivot Level: $1,898
First Major Resistance Level: $1,945
23.6% FIB Retracement Level: $3,369
38.2% FIB Retracement Level: $2,740
62% FIB Retracement Level: $1,725
Litecoin
Litecoin slid by 4.16% on Friday. Following a 3.99% loss on Thursday, Litecoin ended the day at $120.68.
In a mixed start to the day saw Litecoin rise to an early morning intraday high $127.82 before hitting reverse.
Falling short of the first major resistance level at $132, Litecoin slid to a late morning intraday low $120.44.
Litecoin fell through the first major support level at $121 before briefly revisiting $125 levels. A bearish end to the day, however, saw Litecoin fall back through the first major support level to end the day at sub-$121 levels.
At the time of writing, Litecoin was up by 0.33S% to $121.08. A mixed start to the day saw Litecoin fall to an early morning low $120.28 before rising to a high $121.12.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin would need to move through the $123 pivot to bring the first major resistance level at $126 into play.
Support from the broader market would be needed, however, for Litecoin to break back through to $125 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $127.82 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $135. The second major resistance level sits at $130.
Failure to move through the $123 pivot would bring the first major support level at $118 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$110 levels. The second major support level at $116 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $118
Pivot Level: $123
First Major Resistance Level: $126
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 1.43% on Friday. Following a 3.72% slide on Thursday, Ripple’s XRP ended the day at $0.59062.
Tracking the broader market, Ripple’s XRP rose to an early morning intraday high $0.61832 before hitting reverse.
Falling short of the first major resistance level at $0.6201, Ripple’s XRP slid to a late morning intraday low $0.58757.
Steering clear of the first major support level at $0.5817, Ripple’s XRP before a briefly revisited $0.604 levels. A bearish end to the day, however, saw Ripple’s XRP fall back to sub-$0.59 levels before finding support.
At the time of writing, Ripple’s XRP was up by 0.45% to $0.59328. A mixed start to the day saw Ripple’s XRP fall to an early morning low $0.58951 before rising to a high $0.59433.
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 $0.5988 pivot to bring the first major resistance level at $0.6101 into play.
Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.61 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $0.61832 would likely cap any upside.
In the event of another breakout, Ripple’s XRP could test resistance at $0.63 before any pullback. The second major resistance level sits at $0.6296.
Failure to move through the $0.5988 pivot would bring the first major support level at $0.5794 into play.
Barring another extended sell-off, however, Ripple’s XRP should steer clear of the second major support level at $0.5681.
Looking at the Technical Indicators
First Major Support Level: $0.5794
Pivot Level: $0.5988
First Major resistance Level: $0.6101
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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