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Ethereum
Ethereum rallied 4.73% on Tuesday. After a 2.73% gain on Monday, Ethereum ended the day at $ 482.68.
It was a mixed start to the day. Ethereum fell to a morning intraday low $ 460.05 before making a move.
Avoiding the first major support level at $ 449.10, Ethereum reached an intraday high $ 485.00.
Ethereum broke through the first major resistance level at $ 469.40 and the second major resistance level at $ 477.96.
Despite a late pullback, Ethereum avoided a dip to sub-$ 480 levels, ending the day at $ 482.
At the time of writing, Ethereum was up 0.35% to $ 484.39. A mixed start to the day saw Ethereum drop to a morning low $ 482.40 before rising to a high $ 484.61.
Ethereum left the major support and resistance levels untested in the beginning.
For the day ahead
Ethereum should avoid a fall through the pivot level at $ 475.91 to support a run at the first major resistance level at $ 491.77.
However, support from the broader market would be needed for Ethereum to break out of Tuesday’s high of $ 485.00.
Barring an extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of another breakout, Ethereum could test resistance at $ 500 before any pullback. The second major resistance level is found at $ 500.86.
Failure to avoid a downside through the $ 475.91 pivot would bring the first major support level at $ 466.82 into play.
Barring an extended sell-off, however, Ethereum should avoid levels below $ 460. The second major support level is found at $ 450.96.
Looking at the technical indicators
First major support level: $ 466.82
Pivot Level: $ 475.91
First major resistance level: $ 491.77
23.6% FIB Retracement Level: $ 257
38.2% FIB Retracement Level: $ 367
62% FIB Retracement Level: $ 543
Litecoin
Litecoin was up 3.51% on Tuesday. After an 18.45% rise on Monday, Litecoin ended the day at $ 76.41.
It was a bullish start to the day. Litecoin hit a morning high $ 75.87 before reversing.
Failing to hit the first major resistance level at $ 78.27, Litecoin fell to a morning intraday low $ 71.48.
Despite the pullback, Litecoin avoided the 38.2% FIB at $ 71 and the first major support level at $ 65.78.
Finding support in the early afternoon, Litecoin hit an intraday high $ 77.04 before easing back.
Litecoin failed to test major resistance levels over the course of the day.
At the time of writing, Litecoin was up 0.18% to $ 76.55. A bullish start to the day saw Litecoin rise from a morning low $ 76.35 to a high $ 76.91.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin should avoid a fall through the $ 74.98 pivot to support a run at the first major resistance level at $ 78.47.
However, support from the broader market would be needed for Litecoin to break out of Tuesday’s high of $ 77.04.
Barring another extended cryptocurrency rally, the first major resistance level would likely limit any upside.
In the event of another sustained breakout, Litecoin would likely test resistance at $ 80 before any pullback. The second major resistance level is found at $ 80.54.
Failure to avoid a fall through the $ 74.98 pivot level would bring the first major support level at $ 72.91 and 38.2% FIB of 71 into play.
Barring an extended sell-off later in the day, however, Litecoin should avoid exceeding $ 70. The second major support level is found at $ 69.42.
Looking at the technical indicators
First major support level: $ 72.91
Pivot Level: $ 74.98
First major resistance level: $ 78.47
23.6% FIB Retracement Level: $ 45.30
38.2% FIB Retracement Level: $ 71
62% FIB Retracement Level: $ 100
Ripple’s XRP
Ripple’s XRP was up 5.08% on Tuesday. After a breakout of 7.03% on Monday, Ripple’s XRP ended the day at $ 0.30278.
It was a mixed start to the day. Ripple’s XRP dipped to a morning intraday low $ 0.28771 before moving on.
Avoiding the first major support level at $ 0.2739, Ripple’s XRP rose to a mid-day intraday high $ 0.30550.
Ripple’s XRP broke through the first major resistance level at $ 0.2962 and the second major resistance level at $ 0.3041.
Bearish in the afternoon, however, Ripple’s XRP dipped to levels below $ 0.30 before ending the day at $ 0.0302.
The second major resistance level locked Ripple’s XRP at the end of the day.
At the time of writing, Ripple’s XRP was up 0.90% to $ 0.30550. A bullish start to the day saw Ripple’s XRP rise from a morning low $ 0.30277 to a high of $ 0.30550.
Ripple’s XRP left the major support and resistance levels untested early on.
For the day ahead
Ripple’s XRP will need to avoid a fall through the $ 0.2987 pivot level to support a run to the first major resistance level at $ 0.3096.
However, broader market support would be needed for Ripple’s XRP to break out of the $ 0.3080 levels.
Barring another extended cryptocurrency rally, the first major resistance and resistance level at $ 0.31 would likely limit any upside.
In the event of a sustained rally, Ripple’s XRP could test the second major resistance level at $ 0.3165.
Failure to avoid a fall through the $ 0.2987 pivot would bring the first major support level at $ 0.2918 into play.
Barring an extended cryptocurrency sell-off, Ripple’s XRP should avoid levels below $ 0.29. The second major support level is found at $ 0.2809.
Looking at the technical indicators
First major support level: $ 0.2918
Pivot Level: $ 0.2987
First major resistance level: $ 0.3096
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
