ether
Ethereum rose 2.79% on Friday. Ethereum partially reversed a 7.45% decline from Thursday, ending the day at $ 2,156.00.
A bearish start to the day caused Ethereum to slide to an intraday low of $ 2,017.07 in the late morning before moving.
The morning reversal caused Ethereum to break the first major support level at $ 2,027.
However, in the second half of the day, Ethereum rebounded to a late intraday high of $ 2,159.43.
Ethereum fell below the first major resistance level at $ 2,232 and then fell back to end the day at $ 2,156.
At the time of writing, Ethereum is down 0.28% to $ 2,150.04. After a mixed start to the day, Ethereum rose to an early morning high of $ 2,166.60 before falling to a low of $ 2,150.04.
Ethereum left key support and resistance levels untested early on.
For the next day
Ethereum would have to avoid the $ 2,111 pivot to bring into play the first major resistance level at $ 2,205.
However, for Ethereum to break back to a level of $ 2,200, support from the broader market would be required.
Aside from an extended crypto rally, the first major resistance level would likely limit any uptrend.
In the event of a large-scale crypto rebound, Ethereum could test resistance at $ 2,300. The second major resistance level is at $ 2,253.
A fall through the $ 2,111 pivot would bring the first major support level into play at $ 2,062.
However, apart from another lengthy sell-off, Ethereum should stay away from under $ 2,000. The second major level of support is at $ 1,967.
Look at the technical indicators
First major support level: $ 2,062
Pivot level: $ 2,111
First major resistance level: $ 2,205
23.6% FIB retracement level: $ 3,369
38.2% FIB retracement level: $ 2,740
62% FIB retracement level: $ 1,725
Litecoin
Litecoin was down 0.09% on Friday. After losing 5.03% on Thursday, Litecoin ended the day at $ 136.91.
A mixed start to the day resulted in Litecoin rising to an early morning intraday high of $ 139.00 before entering reverse.
Litecoin fell below the first major resistance level at $ 143 and slid to an intraday low of $ 130.60 late this morning.
The story goes on
Litecoin fell through the first major support level at $ 133 before partially rebounding to $ 136.
At the time of writing, Litecoin is down 0.35% to $ 136.43. After a mixed start to the day, Litecoin rose to an early morning high of $ 137.34 before falling to a low of $ 136.43.
Litecoin left key support and resistance levels untested early on.
For the next day
Litecoin would have to avoid the $ 136 pivot to bring into play the first major resistance level at $ 140.
However, in order for Litecoin to break back to the USD 140 level, support from the broader market would be required.
Aside from an extended crypto rally, the first major resistance level and Friday high of $ 139.00 would likely limit any uptrend.
In the event of a prolonged breakout, Litecoin could test the resistance at $ 150. The second major resistance level is $ 144.
A fall through the $ 136 pivot would bring the first major support level into play at $ 132.
However, apart from another lengthy sell-off, Litecoin should stay away from under $ 130. The second major level of support is at $ 127.
Look at the technical indicators
First major support level: $ 132
Pivot level: $ 136
First major resistance level: $ 140
23.6% FIB retracement level: $ 178
38.2% FIB retracement level: $ 223
62% FIB retracement level: $ 296
Ripple’s XRP
Ripple’s XRP fell 0.34% on Friday. After falling 6.24% on Thursday, Ripple’s XRP ended the day at $ 0.65717.
A mixed start to the day caused Ripple’s XRP to soar to an early morning intraday high of $ 0.66686 before reversing.
Ripple’s XRP fell below the first major resistance level of $ 0.6948 and slid to a midday intraday low of $ 0.63337.
Ripple’s XRP fell through the first major support level at $ 0.6355 before partially rebounding to $ 0.65.
At the time of writing, Ripple’s XRP is down 0.32% to $ 0.65509. A mixed start to the day resulted in Ripple’s XRP rising to an early morning high of $ 0.65887 before falling to a low of $ 0.65509.
Ripple’s XRP left key support and resistance levels untested early on.
For the next day
Ripple’s XRP needs to avoid the $ 0.6525 pivot to bring the first major resistance level into play at $ 0.6716.
However, support from the broader market would be required for Ripple’s XRP to break out of Friday’s high at $ 0.66686.
Aside from an extended crypto rally, the first major resistance level would likely limit any uptrend.
In the event of another breakout, Ripple’s XRP could test resistance at $ 0.70. The second major resistance level is at $ 0.6860.
A fall through the $ 0.6525 pivot would bring the first major support level into play at $ 0.6381.
However, subject to another lengthy sell-off, Ripple’s XRP should bypass the second major support level at $ 0.6190.
Look at the technical indicators
First major support level: $ 0.6381
Pivot Level: $ 0.6525
First major resistance level: $ 0.6716
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 published on FX Empire
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