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Ethereum
Ethereum was up 2.73% on Monday. Reversing the 2.74% decline from Sunday, Ethereum ended the day at $ 460.85.
It was a mixed start to the day. Ethereum fell to a morning intraday low $ 445.91 before making a move.
Avoiding the first major support level at $ 437.82, Ethereum hit an intraday high $ 466.21.
Ethereum broke through the first major resistance level at $ 461.29 before returning to levels below $ 460.
A bullish end to the day, however, saw Ethereum break through the first major resistance level to end the day at $ 460.
At the time of writing, Ethereum was up by 0.46% to $ 462.96. A mixed start to the day saw Ethereum drop to a morning low $ 460.05 before hitting a high $ 463.13.
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 $ 457.66 to support a run at the first major resistance level at $ 469.40.
However, support from the broader market would be needed for Ethereum to break out of Monday’s high of $ 466.21.
Barring an 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 $ 480 before any pullback. The second major resistance level is found at $ 477.96.
Failure to avoid a fall through the pivot of $ 457.66 would bring the first major support level at $ 449.10 into play.
Barring an extended sell-off, however, Ethereum should avoid levels below $ 440. The second major support level is at $ 437.36.
Looking at the technical indicators
First major support level: $ 449.10
Pivot Level: $ 457.66
First major resistance level: $ 469.40
23.6% FIB Retracement Level: $ 257
38.2% FIB Retracement Level: $ 367
62% FIB Retracement Level: $ 543
Litecoin
Litecoin was up 18.45% on Monday. Reversing a 2.38% loss from Sunday, Litecoin ended the day at $ 73.83.
It was a particularly bullish day. Litecoin moved from a morning intraday low $ 62.16 to a last hour intraday high $ 74.65.
The one-day rally saw Litecoin break through the day’s major resistance levels at 38.2% FIB of $ 71.00.
At the time of writing, Litecoin was up 1.42% to $ 74.88. A mixed start to the day saw Litecoin fall to a morning low $ 73.35 before climbing to a high $ 74.88.
Litecoin left the major support and resistance levels untested early on.
For the day ahead
Litecoin should avoid a fall through the 38.2% FIB and $ 70.21 pivot to support a run to the first major resistance level at $ 78.27.
However, support from the broader market would be needed for Litecoin to exceed $ 75.
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 $ 85 before any pullback. The second major resistance level is found at $ 82.70.
Failure to avoid a fall through 38.2% FIB and the pivot level of $ 70.21 would bring the first major support level at $ 65.78 into play.
Barring an extended sell-off later in the day, however, Litecoin should avoid below $ 60. The second major support level is found at $ 57.72.
Looking at the technical indicators
First major support level: $ 65.78
Pivot Level: $ 70.21
First major resistance level: $ 78.27
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 7.03% on Monday. After a 0.38% gain on Sunday, Ripple’s XRP ended the day at $ 0.28817.
It was a mixed start to the day. Ripple’s XRP fell to a morning intraday low $ 0.26767 before moving on.
Avoiding the first major support level at $ 0.2636, Ripple’s XRP hit a last-hour intraday high $ 0.28989.
Ripple’s XRP broke through the first major resistance level at $ 0.2764 and the second major resistance level at $ 0.2831.
The resistance at $ 0.29 held Ripple’s XRP at the end of the day.
At the time of writing, Ripple’s XRP was up 1.65% to $ 0.29292. A mixed start to the day saw Ripple’s XRP drop to a morning low of $ 0.28771 before climbing to a high of $ 0.29347.
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 $ 0.2819 pivot level to support a run to the first major resistance level at $ 0.2962.
However, support from the broader market would be needed for Ripple’s XRP to hit $ 0.2950 levels.
Barring another 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 $ 0.3041.
Failure to avoid a fall through the $ 0.2819 pivot would bring the first major support level at $ 0.2739 into play.
Barring an extended cryptocurrency sell-off, Ripple’s XRP should avoid levels below $ 0.27. The second major support level is found at $ 0.2597.
Looking at the technical indicators
First major support level: $ 0.2739
Pivot Level: $ 0.2819
First major resistance level: $ 0.2962
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
