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Ethereum
Ethereum fell 2.16% on Monday. Partially reversing Sunday’s 4.30% rally, Ethereum ended the day at $ 444.81.
It was a bearish start to the day. Ethereum fell to a late morning low of $ 441.7 before making a move.
Avoiding the first major support level at $ 437.98, Ethereum reached a mid-day intraday high $ 460.00.
Failing to reach the first major resistance level at $ 465.90, Ethereum fell to an afternoon intraday low of $ 433.83.
Ethereum broke through the first major support level at $ 437.98 before briefly revisiting $ 450 levels.
However, a bearish end to the day left Ethereum in the red.
At the time of writing, Ethereum was down 0.97% to $ 440.51. A mixed start to the day saw Ethereum rise to a morning high $ 445.14 before falling to a low $ 440.14
Ethereum left the major support and resistance levels untested at the start.
For the day ahead
Ethereum should break out of the pivot level at $ 446.21 to support a run at the first major resistance level at $ 458.60.
However, support from the broader market would be needed for Ethereum to break above $ 455.
Barring another extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of a breakout, Ethereum could test the resistance at $ 460 before any pullback. The second major resistance level is found at $ 472.38.
Failure to break out of the pivot of $ 446.21 would bring the first major support level at $ 432.43 into play.
Barring an extended sell off, however, Ethereum should avoid the second major support level at $ 420.04.
Looking at the technical indicators
First major support level: $ 432.43
Pivot Level: $ 446.21
First major resistance level: $ 458.60
23.6% FIB Retracement Level: $ 257
38.2% FIB Retracement Level: $ 367
62% FIB Retracement Level: $ 543
Litecoin
Litecoin fell 2.85% on Monday. Partially reversing Sunday’s 3.43% gain, Litecoin ended the day at $ 59.25.
It was also a mixed start for the day. Litecoin dipped to a late morning low of $ 59.22 before making a move.
Avoiding the first major support level at $ 59.08, Litecoin hit a morning intraday high $ 61.88.
Failing to hit the first major resistance level at $ 62.48, Litecoin slid to an afternoon intraday low $ 57.45.
Litecoin broke through the first major support level at $ 59.08 before finding lagging support.
The partial recovery saw Litecoin roll back through the first major support to end the day at $ 59.2.
At the time of writing, Litecoin was down 0.98% to $ 58.67. A bearish start to the day saw Litecoin fall from a morning high $ 59.31 to a low $ 58.62.
Litecoin left the major support and resistance levels untested at the start.
For the day ahead
Litecoin is expected to break through the $ 59.53 pivot to support a run at the first major resistance level at $ 61.60.
However, support from the broader market would be needed for Litecoin to exceed $ 60.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of a sustained breakout, Litecoin would likely test resistance at $ 62 before any pullback. The second major resistance level is found at $ 63.96.
Failure to break out of the $ 59.53 rotation level would bring the first major support level at $ 57.17 into play.
Barring another extended sell-off later in the day, however, Litecoin should avoid the second major support level at $ 55.10.
Looking at the technical indicators
First major support level: $ 57.17
Pivot Level: $ 59.53
First major resistance level: $ 61.60
23.6% FIB Retracement Level: $ 45.30
38.2% FIB Retracement Level: $ 71
62% FIB Retracement Level: $ 100
Ripple’s XRP
Ripple’s XRP fell 1.23% on Monday. Partially reversing Sunday’s 1.79% gain, Ripple’s XRP ended the day at $ 0.25056.
A mixed start to the day saw Ripple’s XRP rise to a morning high $ 0.2560 before reversing.
Failing to hit the first major resistance level at $ 0.2580, Ripple’s XRP fell to a late morning low $ 0.24933.
Avoiding the first major support level at $ 0.2486, Ripple’s XRP hit a late morning intraday high $ 0.25610.
Continuing to fall short of the first major resistance level, Ripple’s XRP fell to an afternoon intraday low $ 0.24593.
Ripple’s XRP declined through the first major support level at $ 0.2486 before moving back to $ 0.25 levels.
At the time of writing, Ripple’s XRP was down by 0.45% to $ 0.24943. A bearish start to the day saw Ripple’s XRP fall from a morning high of $ 0.25055 to a low of $ 0.24823.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to break out of the pivot level of $ 0.2509 to support a run to the first major resistance level at $ 0.2558.
However, broader market support would be required for Ripple’s XRP to return to $ 0.255 levels.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of a sustained rally, Ripple’s XRP could test the second major resistance level at $ 0.2610.
Failure to break out of the pivot of $ 0.2509 would bring the first major support level at $ 0.2456 into play.
Barring an extended cryptocurrency sell-off, Ripple’s XRP should avoid levels below $ 0.24. The second major support level at $ 0.2407 should limit any downside.
Looking at the technical indicators
First major support level: $ 0.2456
Pivot Level: $ 0.2509
First major resistance level: $ 0.2558
23.6% FIB Retracement Level: $ 0.3638
38.2% FIB Retracement Level: $ 0.4800
62% FIB Retracement Level: $ 0.6678
Let us know what you think in the comments below.
Thanks, Bob
This article was originally published on FX Empire
